SBA Loans for Electric Power Distribution in Michigan: Top Lenders
NAICS 221NAICS 221 covers electric power distribution businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
2
in Michigan
Median Loan Size
$124,050
per approval
Recent Activity
0
last 90 days through Jul 2021
NAICS 221 covers electric power distribution businesses. This is a smaller category in SBA 7(a) lending with 2 approvals on record and a median loan size of $124,050.
Key trends & insights
- Electric Power Distribution in Michigan loans skew smaller than the SBA average at $124,050 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2021-07-19 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Electric Power Distribution in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $233,100 | |
| 2 | 1 | $15,000 |
Recent SBA 7(a) approvals for Electric Power Distribution in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-04 | Metro Community Development, Inc. | Bio*****LLC | Grand Blanc, MI | $350,000 |
| 2023-09 | KeyBank National Association | Nos*****LLC | Walled Lake, MI | $15,000 |
| 2022-05 | The Huntington National Bank | WHI*****LLC | Traverse City, MI | $50,000 |
| 2021-10 | United Midwest Savings Bank National Association | GAU*****NC. | GRAND RAPIDS, MI | $150,000 |
| 2021-07 | PNC Bank, National Association | D L*****LLC | SPRINGFIELD, MI | $233,100 |
| 2021-06 | Fifth Third Bank | Sal*****LLC | STERLING HEIGHTS, MI | $1,000,000 |
| 2021-03 | The Huntington National Bank | A &*****NC. | BYRON, MI | $15,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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