SBA Loans for Footwear Manufacturing in Michigan: Top Lenders
NAICS 316NAICS 316 covers footwear manufacturing businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
1
in Michigan
Median Loan Size
$50,000
per approval
Recent Activity
0
last 90 days through May 2022
NAICS 316 covers footwear manufacturing businesses. This is a smaller category in SBA 7(a) lending with 1 approvals on record and a median loan size of $50,000.
Key trends & insights
- Footwear Manufacturing in Michigan loans skew smaller than the SBA average at $50,000 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 2022-05-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Footwear Manufacturing in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $50,000 |
Recent SBA 7(a) approvals for Footwear Manufacturing in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-05 | The Huntington National Bank | Lib*****Inc | Grand Rapids, MI | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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