| State of Michigan | Lansing | $37.1B | 20 | 686 |
| Regents of the University of Michigan LOW-RISK | Ann Arbor | $1.8B | 10 | 15 |
| MICHIGAN STATE UNIVERSITY | EAST LANSING | $1B | 10 | 12 |
| NATIONAL CENTER FOR MANUFACTURING SCIENCES AND SUBSIDIARY LOW-RISK | ANN ARBOR | $774.3M | 10 | 0 |
| CITY OF DETROIT, MICHIGAN | DETROIT | $506.8M | 10 | 64 |
| BEAUMONT HEALTH | SOUTHFIELD | $409M | 6 | 25 |
| WAYNE STATE UNIVERSITY LOW-RISK | DETROIT | $372.2M | 10 | 8 |
| DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT | DETROIT | $270.5M | 9 | 9 |
| DETROIT PUBLIC SCHOOLS | DETROIT | $219.3M | 1 | 11 |
| Oakland County | Waterford | $168.2M | 11 | 21 |
| WESTERN MICHIGAN UNIVERSITY | KALAMAZOO | $137.4M | 10 | 18 |
| Central Michigan University | Mount Pleasant | $136.1M | 10 | 13 |
| THE NATIONAL ADVANCED MOBILITY CONSORTIUM, INC. LOW-RISK | ANN ARBOR | $135.2M | 6 | 0 |
| Great Lakes Water Authority LOW-RISK | Detroit | $133.8M | 10 | 0 |
| Oakland University LOW-RISK | Rochester | $132.6M | 10 | 3 |
| Macomb County | Mount Clemens | $130.6M | 8 | 16 |
| BETHANY CHRISTIAN SERVICES LOW-RISK | GRAND RAPIDS | $126M | 10 | 0 |
| SAULT STE. MARIE TRIBE OF CHIPPEWA INDIANS LOW-RISK | SAULT STE MARIE | $121.6M | 9 | 1 |
| WAYNE COUNTY REGIONAL EDUCATIONAL SERVICE AGENCY LOW-RISK | WAYNE | $118.3M | 10 | 0 |
| UNIVERSITY OF DETROIT MERCY LOW-RISK | DETROIT | $114.6M | 10 | 12 |
| MICHIGAN TECHNOLOGICAL UNIVERSITY LOW-RISK | HOUGHTON | $112M | 10 | 0 |
| EASTERN MICHIGAN UNIVERSITY | YPSILANTI | $111.5M | 11 | 15 |
| Food Bank Council of Michigan, Inc. LOW-RISK | Lansing | $110.6M | 9 | 0 |
| CHARTER COUNTY OF WAYNE, MICHIGAN | DETROIT | $106.1M | 10 | 56 |
| SCHOOL DISTRICT OF THE CITY OF DEARBORN, MICHIGAN | DEARBORN | $105.5M | 10 | 4 |
| DETROIT HOUSING COMMISSION | DETROIT | $89.7M | 10 | 23 |
| SER Metro-Detroit Jobs for Progress, Inc. | Detroit | $86.8M | 10 | 0 |
| Henry Ford Health LOW-RISK | Detroit | $83M | 9 | 10 |
| Ferris State University GOING CONCERNLOW-RISK | Big Rapids | $82.6M | 10 | 7 |
| Wayne Metropolitan Community Action Agency and Affiliates | Detroit | $81.1M | 10 | 6 |
| Trinity Health Corporation LOW-RISK | Livonia | $80.4M | 10 | 29 |
| CITY OF FLINT, MICHIGAN | FLINT | $80.1M | 9 | 24 |
| MONTANA HEALTH COOPERATIVE LOW-RISK | HELENA | $76.5M | 9 | 0 |
| Food Bank Council of Michigan, Inc. LOW-RISK | Lansing | $72.7M | 3 | 0 |
| CITY OF GRAND RAPIDS, MICHIGAN LOW-RISK | GRAND RAPIDS | $70.7M | 11 | 1 |
| GENESEE COUNTY, MICHIGAN | FLINT | $67.4M | 10 | 23 |
| DETROIT EMPLOYMENT SOLUTIONS CORPORATION | DETROIT | $62.7M | 10 | 6 |
| OAKLAND SCHOOLS LOW-RISK | WATERFORD | $61M | 10 | 0 |
| County of Kent, Michigan LOW-RISK | Grand Rapids | $60.9M | 10 | 11 |
| WAYNE COUNTY AIRPORT AUTHORITY LOW-RISK | Detroit | $59M | 10 | 1 |
| City of Detroit Water and Sewerage Department | Detroit | $58.5M | 1 | 2 |
| Adrian College | Adrian | $55M | 11 | 14 |
| UNITED COMMUNITY HOUSING COALITION LOW-RISK | DETROIT | $51.1M | 7 | 0 |
| MACOMB INTERMEDIATE SCHOOL DISTRICT LOW-RISK | CLINTON TOWNSHIP | $50.6M | 10 | 1 |
| NORTHERN MICHIGAN UNIVERSITY LOW-RISK | MARQUETTE | $50.6M | 11 | 2 |
| Oakland Community College LOW-RISK | Auburn Hills | $50M | 10 | 5 |
| Saginaw Valley State University LOW-RISK | University Center | $48.8M | 10 | 0 |
| Macomb Community College LOW-RISK | Warren | $47.7M | 10 | 2 |
| Genesee Intermediate School District LOW-RISK | Flint | $45.8M | 10 | 0 |
| GRAND RAPIDS HOUSING COMMISSION LOW-RISK | GRAND RAPIDS | $45.4M | 10 | 7 |
| ROSS EDUCATION, LLC | CLINTON TOWNSHIP | $44.7M | 2 | 2 |
| GRAND RAPIDS COMMUNITY COLLEGE LOW-RISK | GRAND RAPIDS | $43.7M | 10 | 3 |
| MATRIX HUMAN SERVICES | DETROIT | $43.3M | 9 | 21 |
| MACKINAC STRAITS HEALTH SYSTEM, INC LOW-RISK | SAINT IGNACE | $43.1M | 5 | 0 |
| DAVENPORT UNIVERSITY LOW-RISK | GRAND RAPIDS | $42.3M | 10 | 2 |
| City of Saginaw LOW-RISK | Saginaw | $41.8M | 10 | 0 |
| KEWEENAW BAY INDIAN COMMUNITY LOW-RISK | BARAGA | $41.6M | 10 | 5 |
| KENT INTERMEDIATE SCHOOL DISTRICT LOW-RISK | GRAND RAPIDS | $41.3M | 10 | 0 |
| NORTHEAST MICHIGAN COMMUNITY SERVICE AGENCY, INC LOW-RISK | ALPENA | $41.1M | 10 | 1 |
| GRAND RAPIDS PUBLIC SCHOOLS LOW-RISK | GRAND RAPIDS | $40.5M | 10 | 5 |
| LANSING SCHOOL DISTRICT LOW-RISK | LANSING | $39.4M | 10 | 0 |
| CITY SQUARE ELDERLY HOUSING, INC. LOW-RISK | WARREN | $38.4M | 8 | 0 |
| RED CLIFF BAND OF LAKE SUPERIOR CHIPPEWA INDIANS OF WISCONSIN | BAYFIELD | $37.9M | 10 | 14 |
| Washtenaw Community College LOW-RISK | Ann Arbor | $37.9M | 11 | 0 |
| BARUCH SLS, INC. D/B/A BARUCH SENIOR MINISTRIES GOING CONCERN | GRAND RAPIDS | $37.4M | 6 | 0 |
| Pokagon Band of Potawatomi | Dowagiac | $36.9M | 9 | 15 |
| The University of Olivet LOW-RISK | Olivet | $36.9M | 10 | 0 |
| SOUTHEAST MICHIGAN COMMUNITY ALLIANCE, INC | TAYLOR | $36.7M | 13 | 0 |
| County of Muskegon, Michigan LOW-RISK | Muskegon | $36.2M | 20 | 5 |
| School District, City of Flint | Flint | $36M | 10 | 15 |
| AMERICAN LIGHTWEIGHT MATERIALS MANUFACTURING INNOVATION INSTITUTE LOW-RISK | DETROIT | $35.8M | 9 | 2 |
| WAYNE COUNTY COMMUNITY COLLEGE DISTRICT | DETROIT | $35.2M | 10 | 1 |
| C.S. Mott Community College LOW-RISK | Flint | $34.9M | 10 | 6 |
| Lansing Community College LOW-RISK | Lansing | $33.9M | 10 | 0 |
| CITY OF KALAMAZOO LOW-RISK | KALAMAZOO | $33.5M | 10 | 0 |
| DELTA COLLEGE LOW-RISK | UNIVERSITY CENTER | $32.5M | 10 | 1 |
| HAYES GREEN BEACH MEMORIAL HOSPITAL | CHARLOTTE | $32.3M | 4 | 0 |
| Ann Arbor Housing Commission LOW-RISK | Ann Arbor | $30.9M | 10 | 0 |
| County of Washtenaw | Ann Arbor | $30.6M | 10 | 3 |
| ASSOCIATION FOR CHILD DEVELOPMENT, INC. LOW-RISK | EAST LANSING | $29.9M | 10 | 1 |
| County of Saginaw | Saginaw | $29.8M | 10 | 2 |
| FOCUS: HOPE AND SUBSIDIARIES LOW-RISK | DETROIT | $29.4M | 10 | 5 |
| DICKINSON COUNTY HEALTHCARE SYSTEM | IRON MOUNTAIN | $29.2M | 1 | 3 |
| LAWRENCE TECHNOLOGICAL UNIVERSITY | Southfield | $29.2M | 10 | 22 |
| VAN ANDEL INSTITUTE AND AFFILIATES LOW-RISK | GRAND RAPIDS | $29M | 11 | 2 |
| Little Traverse Bay Bands of Odawa Indians LOW-RISK | Harbor Springs | $29M | 9 | 0 |
| Hamtramck Public Schools | Hamtramck | $28.5M | 10 | 8 |
| Bay Mills Indian Community | Brimley | $28.2M | 1 | 5 |
| STARFISH FAMILY SERVICES, INC. LOW-RISK | INKSTER | $28.1M | 10 | 0 |
| SCHOOLCRAFT COLLEGE LOW-RISK | LIVONIA | $28M | 10 | 7 |
| SUBURBAN MOBILITY AUTHORITY FOR REGIONAL TRANSPORTATION | DETROIT | $28M | 10 | 4 |
| County of Alpena | Alpena | $28M | 9 | 6 |
| MCLAREN HEALTH CARE CORPORATION AND SUBSIDIARIES LOW-RISK | Grand Blanc | $27.9M | 5 | 4 |
| SPARROW HEALTH SYSTEM | LANSING | $27.7M | 5 | 2 |
| Baker College and Subsidiaries LOW-RISK | Owosso | $27.7M | 10 | 0 |
| SCHOOLCRAFT MEMORIAL HOSPITAL | MANISTIQUE | $27.6M | 7 | 8 |
| Lansing Housing Commission | Lansing | $27.2M | 10 | 12 |
| CENTER LINE PREPARATORY ACADEMY LOW-RISK | CENTER LINE | $26.8M | 4 | 0 |
| Saginaw Intermediate School District | Saginaw | $26.7M | 10 | 1 |
| KALAMAZOO PUBLIC SCHOOLS LOW-RISK | KALAMAZOO | $26.5M | 10 | 0 |
| Spring Arbor University LOW-RISK | Spring Arbor | $26.3M | 10 | 0 |
| CITY OF BELDING | Belding | $26.1M | 4 | 2 |
| Bay Mills Indian Community | Brimley | $26.1M | 8 | 5 |
| Buena Vista Charter Township | Saginaw | $25.4M | 1 | 0 |
| School District of the City of Pontiac | Pontiac | $25.3M | 10 | 0 |
| GRAND JUNCTION REGIONAL AIRPORT AUTHORITY LOW-RISK | GRAND JUNCTION | $25.1M | 10 | 0 |
| Jackson College LOW-RISK | Jackson | $25.1M | 10 | 8 |
| MICHIGAN HEALTH & HOSPITAL ASSOCIATION AND CONTROLLED ENTITIES LOW-RISK | OKEMOS | $24.9M | 5 | 4 |
| DETROIT WAYNE INTEGRATED HEALTH NETWORK LOW-RISK | DETROIT | $24.8M | 10 | 4 |
| KENTWOOD PUBLIC SCHOOLS LOW-RISK | GRAND RAPIDS | $24.6M | 7 | 0 |
| CAPITAL AREA COMMUNITY SERVICES INC | LANSING | $24.5M | 10 | 1 |
| County of Kalamazoo, Michigan | KALAMAZOO | $24.3M | 10 | 0 |
| MICHIGAN FAMILY RESOURCES LOW-RISK | GRAND RAPIDS | $24.2M | 10 | 0 |
| COLLINS NON-PROFIT APARTMENTS, INC. LOW-RISK | WARREN | $24M | 8 | 0 |
| Corewell Health | Grand Rapids | $23.8M | 9 | 18 |
| WASHTENAW INTERMEDIATE SCHOOL DISTRICT LOW-RISK | ANN ARBOR | $23.8M | 10 | 0 |
| Andrews University LOW-RISK | Barrien Springs | $23.8M | 10 | 4 |
| Oakland Livingston Human Services Agency ad Subsidiaries | Pontiac | $23.4M | 9 | 14 |
| WAYNE-WESTLAND COMMUNITY SCHOOLS LOW-RISK | WESTLAND | $23.3M | 10 | 2 |
| MUSKEGON AREA INTERMEDIATE SCHOOL DISTRICT LOW-RISK | MUSKEGON | $23.1M | 10 | 2 |
| CITY OF LINCOLN PARK, MICHIGAN | LINCOLN PARK | $22.8M | 10 | 11 |
| UTICA COMMUNITY SCHOOLS LOW-RISK | STERLING HEIGHTS | $22.7M | 10 | 0 |
| WESTERN MICHIGAN UNIVERSITY HOMER STRYKER M.D. SCHOOL OF MEDICINE LOW-RISK | Kalamazoo | $22.6M | 9 | 1 |
| City of Saline, Michigan | Saline | $22.6M | 2 | 0 |
| County of Marquette, Michigan LOW-RISK | Marquette | $22.5M | 9 | 0 |
| Hope Network and Affiliates LOW-RISK | Grand Rapids | $22.5M | 10 | 1 |
| CAPITAL AREA TRANSPORTATION AUTHORITY | LANSING | $22.4M | 10 | 12 |
| CITY OF HAMTRAMCK | Hamtramck | $22.4M | 7 | 13 |
| BATTLE CREEK PUBLIC SCHOOLS LOW-RISK | BATTLE CREEK | $22.4M | 10 | 1 |
| MICHIGAN PUBLIC HEALTH INSTITUTE LOW-RISK | Okemos | $22.3M | 10 | 0 |
| HOPE COLLEGE LOW-RISK | HOLLAND | $22.3M | 10 | 1 |
| Northwest Michigan Community Action Agency, Inc. LOW-RISK | Traverse City | $22.2M | 10 | 0 |
| SAMARITAS LOW-RISK | DETROIT | $22.2M | 10 | 4 |
| KALAMAZOO REGIONAL EDUCATIONAL SERVICE AGENCY LOW-RISK | PORTAGE | $22.2M | 10 | 0 |
| KALAMAZOO VALLEY COMMUNITY COLLEGE | KALAMAZOO | $22M | 10 | 9 |
| Avalon Nonprofit Housing Corporation and Subsidiaries LOW-RISK | Ann Arbor | $21.8M | 9 | 0 |
| Arab Community Center for Economic and Social Services (ACCESS) LOW-RISK | Dearborn | $21.7M | 10 | 0 |
| MID MICHIGAN COMMUNITY ACTION AGENCY, INC. | FARWELL | $21.6M | 10 | 2 |
| SAGINAW CHIPPEWA INDIAN TRIBE OF MICHIGAN | MOUNT PLEASANT | $21.2M | 11 | 14 |
| CITY OF WARREN, MICHIGAN | WARREN | $21.2M | 10 | 2 |
| Hillsdale Community Health Center LOW-RISK | Hillsdale | $21.1M | 6 | 0 |
| DOWNRIVER UTILITY WASTEWATER AUTHORITY | TAYLOR | $21.1M | 5 | 1 |
| CITY OF LANSING | LANSING | $21M | 10 | 12 |
| Michigan Early Childhood Investment Corporation LOW-RISK | Lansing | $20.8M | 10 | 2 |
| Plymouth Housing Commission LOW-RISK | Plymouth | $20.6M | 10 | 0 |
| Child Inc. | Austin | $20.3M | 10 | 10 |
| EDUCATION ACHIEVEMENT AUTHORITY OF MICHIGAN | DETROIT | $20.2M | 2 | 0 |
| AREA COMMUNITY SERVICES EMPLOYMENT & TRAINING COUNCIL LOW-RISK | GRAND RAPIDS | $20.2M | 11 | 0 |
| School District of the City of Saginaw | Saginaw | $20.2M | 10 | 0 |
| Marquette Alger Regional Educational Service Agency LOW-RISK | Marquette | $20.1M | 10 | 0 |
| CALVIN UNIVERSITY LOW-RISK | GRAND RAPIDS | $19.7M | 10 | 3 |
| THOMAS M. COOLEY LAW SCHOOL | LANSING | $19.4M | 10 | 2 |
| Food Bank of Eastern Michigan LOW-RISK | Flint | $19M | 10 | 1 |
| COMMUNITY ACTION AGENCY OF SOUTH CENTRAL MICHIGAN, THE LOW-RISK | BATTLE CREEK | $18.9M | 10 | 1 |
| Baraga County Memorial Hospital | Lanse | $18.9M | 10 | 7 |
| MyMichigan Health LOW-RISK | Midland | $18.8M | 6 | 0 |
| NORTHWOOD UNIVERSITY LOW-RISK | MIDLAND | $18.6M | 10 | 6 |
| Midwest Energy Cooperative | Cassopolis | $18.4M | 2 | 0 |
| L'ANSE CREUSE PUBLIC SCHOOLS LOW-RISK | CLINTON TOWNSHIP | $18.4M | 5 | 0 |
| Kentwood Public Schools LOW-RISK | Kentwood | $18.3M | 3 | 0 |
| DWELLING PLACE OF GRAND RAPIDS NONPROFIT HOUSING CORP LOW-RISK | GRAND RAPIDS | $18.3M | 10 | 0 |
| INGHAM INTERMEDIATE SCHOOL DISTRICT LOW-RISK | MASON | $18.3M | 10 | 0 |
| Ypsilanti Community Schools | Ypsilanti | $18.2M | 10 | 11 |
| Michigan Physical Fitness Health and Sports Foundation | Lansing | $17.7M | 10 | 0 |
| WARREN CONSOLIDATED SCHOOLS LOW-RISK | WARREN | $17.7M | 10 | 2 |
| MICHIGAN STATE UNIVERSITY COLLEGE OF LAW LOW-RISK | EAST LANSING | $17.7M | 5 | 0 |
| City of Sault Ste. Marie | Sault Ste Marie | $17.6M | 8 | 2 |
| Michigan Health Information Shared Services and Subsidiaries GOING CONCERN | Lansing | $17M | 6 | 0 |
| Inter-Tribal Council of MI., Inc. | Sault Sainte Marie | $17M | 10 | 4 |
| Hannahville Indian Community LOW-RISK | Wilson | $16.9M | 10 | 0 |
| Inkster Housing Commission | Inkster | $16.9M | 9 | 16 |
| OTTAWA AREA INTERMEDIATE SCHOOL DISTRICT LOW-RISK | HOLLAND | $16.9M | 10 | 0 |
| CALHOUN INTERMEDIATE SCHOOL DISTRICT LOW-RISK | MARSHALL | $16.9M | 10 | 1 |
| EightCap, Inc. LOW-RISK | Orleans | $16.7M | 10 | 0 |
| City of Battle Creek | Battle Creek | $16.6M | 10 | 4 |
| Community Action Agency of Jackson, Lenawee, and Hillsdale LOW-RISK | JACKSON | $16.6M | 10 | 6 |
| KELLOGG COMMUNITY COLLEGE | BATTLE CREEK | $16.5M | 10 | 6 |
| FRIENDSHIP PUBLIC CHARTER SCHOOL, INC. | WASHINGTON | $16.4M | 10 | 0 |
| NOTTAWASEPPI HURON BAND OF THE POTAWATOMI | Fulton | $16.2M | 9 | 3 |
| CITY OF REED CITY | REED CITY | $16.2M | 2 | 0 |
| New St Paul C.O.G.I.C Head Start Agency, Inc. LOW-RISK | Detroit | $16.2M | 10 | 4 |
| GST Michigan Works LOW-RISK | Marlette | $16M | 10 | 0 |
| FEEDING AMERICA WEST MICHIGAN FOOD BANK LOW-RISK | Kentwood | $16M | 10 | 1 |
| Northwestern Michigan College | Traverse City | $15.9M | 10 | 3 |
| City of Escanaba, Michigan | Escanaba | $15.9M | 8 | 5 |
| SIENA HEIGHTS UNIVERSITY GOING CONCERN | ADRIAN | $15.9M | 10 | 17 |
| County of Ottawa | West Olive | $15.8M | 10 | 1 |
| BENTON HARBOR AREA SCHOOLS | BENTON HARBOR | $15.6M | 10 | 23 |
| AgeWays Nonprofit Senior Services LOW-RISK | Farmington Hills | $15.5M | 10 | 4 |
| Ann Arbor Area Transportation Authority LOW-RISK | Ann Arbor | $15.4M | 10 | 1 |
| Madonna University LOW-RISK | Livonia | $15.4M | 10 | 15 |
| COUNTY OF LENAWEE LOW-RISK | ADRIAN | $15.3M | 10 | 2 |
| Hills & Dales Health Care Corporation | Cass City | $15.2M | 3 | 8 |
| SAGINAW HOUSING COMMISSION LOW-RISK | SAGINAW | $15.1M | 9 | 0 |
| COLLEGE FOR CREATIVE STUDIES LOW-RISK | DETROIT | $15.1M | 10 | 8 |
| City of Jackson, Michigan | Jackson | $15.1M | 10 | 2 |
| Lincoln Park Public Schools LOW-RISK | Lincoln Park | $14.9M | 10 | 4 |
| CSI - DERBY STREET NON-PROFIT HOUSING CORPORATION GOING CONCERNLOW-RISK | WARREN | $14.6M | 6 | 0 |
| Great Lakes Bay Health Centers LOW-RISK | Saginaw | $14.6M | 10 | 1 |
| COUNTY OF ST CLAIR LOW-RISK | PORT HURON | $14.6M | 10 | 1 |
| City of Bay City LOW-RISK | Bay City | $14.6M | 10 | 0 |
| Mass Transportation Authority | Flint | $14.5M | 10 | 4 |
| Genesee County Land Bank Authority | Flint | $14.5M | 8 | 1 |
| COUNTY OF BERRIEN | SAINT JOSEPH | $14.2M | 10 | 5 |
| Forgotten Harvest, Inc. and Forgotten Harvest Farms, LLC LOW-RISK | Oak Park | $14.1M | 10 | 1 |
| Southwest Solutions, Inc. and Subsidiaries d/b/a MiSide Community Impact Network | Detroit | $14M | 8 | 3 |
| PORT HURON AREA SCHOOL DISTRICT LOW-RISK | PORT HURON | $14M | 10 | 0 |
| WYOMING HOUSING COMMISSION INC LOW-RISK | WYOMING | $14M | 18 | 2 |
| BLUEWATER HEALTHCARE NETWORK | Marlette | $13.9M | 2 | 0 |
| SOUTHEAST MICHIGAN COUNCIL OF GOVERNMENTS | DETROIT | $13.9M | 10 | 1 |
| PUBLIC SCHOOLS OF THE CITY OF ANN ARBOR, MICHIGAN LOW-RISK | Ann Arbor | $13.8M | 10 | 0 |
| NORTHERN ECONOMIC INITIATIVES CORPORATION LOW-RISK | MARQUETTE | $13.6M | 2 | 0 |
| CITY OF IRONWOOD | IRONWOOD | $13.6M | 7 | 0 |
| CITY OF ALBION CITY HALL | ALBION | $13.6M | 6 | 0 |
| City of Mackinac Island | Mackinac Island | $13.5M | 2 | 0 |
| PLYMOUTH-CANTON COMMUNITY SCHOOLS LOW-RISK | PLYMOUTH | $13.5M | 10 | 0 |
| MID MICHIGAN COLLEGE LOW-RISK | HARRISON | $13.5M | 10 | 10 |
| Clinton County Regional Educational Service Agency LOW-RISK | St Johns | $13.3M | 10 | 0 |
| Cherry Street Services, Inc - Cherry Health | Grand Rapids | $13.3M | 10 | 2 |
| CITY OF WESTLAND, MICHIGAN LOW-RISK | WESTLAND | $13.2M | 10 | 2 |
| SINTE GLESKA UNIVERSITY | MISSION | $13.2M | 10 | 23 |
| City of Eastpointe, Michigan | Eastpointe | $13.1M | 4 | 1 |
| Waterford School District | Waterford | $13.1M | 10 | 1 |
| VAN BUREN INTERMEDIATE SCHOOL DISTRICT LOW-RISK | LAWRENCE | $13.1M | 10 | 0 |
| City of Benton Harbor, Michigan LOW-RISK | Benton Harbor | $13.1M | 6 | 6 |
| Monroe County Intermediate School District | Monreo | $12.8M | 10 | 1 |
| Taylor School District | Taylor | $12.8M | 11 | 0 |
| UNITED WAY OF SAGINAW COUNTY LOW-RISK | SAGINAW | $12.7M | 3 | 0 |
| Albion College | Albion | $12.7M | 10 | 9 |
| JACKSON COUNTY | JACKSON | $12.5M | 10 | 1 |
| COUNTY OF ALLEGAN LOW-RISK | ALLEGAN | $12.5M | 10 | 0 |
| LAC VIEUX DESERT BAND OF LAKE SUPERIOR CHIPPEWA INDIANS LOW-RISK | Watersmeet | $12.5M | 8 | 8 |
| ONTARIO SENIOR HOUSING, INC. LOW-RISK | WARREN | $12.4M | 10 | 0 |
| SOUTH HAVEN AREA WATER AND SEWER AUTHORITY | SOUTH HAVEN | $12.3M | 2 | 0 |
| Great Lakes Commission LOW-RISK | Ann Arbor | $12.2M | 10 | 6 |
| TRI COUNTY COUNCIL FOR CHILD DEVELOPMENT LOW-RISK | PAW PAW | $12.2M | 11 | 0 |
| Cornerstone University LOW-RISK | Grand Rapids | $12.2M | 10 | 2 |
| CHIPPEWA VALLEY SCHOOLS | CLINTON TOWNSHIP | $12M | 10 | 2 |
| SOUTHFIELD PUBLIC SCHOOLS LOW-RISK | SOUTHFIELD | $12M | 11 | 5 |
| State Alliance of Michigan YMCAs | Ann Arbor | $12M | 2 | 0 |
| Westland Housing Commission LOW-RISK | Westland | $11.9M | 10 | 0 |
| CRANBROOK TOWER NONPROFIT CORPORATION ENDED DEC 11, 2016 PROPERTY SOLD LOW-RISK | ANN ARBOR | $11.9M | 1 | 0 |
| NORTH HOLLYWOOD SENIOR CITIZENS TOWERS, INC. LOW-RISK | WARREN | $11.9M | 10 | 0 |
| City of St. Clair Shores | St Clair Shores | $11.9M | 10 | 1 |
| VILLAGE OF BELLEVUE | BELLEVUE | $11.8M | 2 | 3 |
| FLINT HOUSING COMMISSION | FLINT | $11.8M | 9 | 23 |
| JEWISH FAMILY SERVICES OF WASHTENAW COUNTY, INC. LOW-RISK | ANN ARBOR | $11.6M | 9 | 0 |
| Lansing Board of Water & Light | Lansing | $11.4M | 2 | 0 |
| COUNTY OF LIVINGSTON | HOWELL | $11.3M | 10 | 5 |
| NORTHERN GREAT LAKES INITIATIVES LOW-RISK | MARQUETTE | $11.3M | 8 | 2 |
