SBA Loans for Machine Shops in Michigan: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
32
in Michigan
Median Loan Size
$287,500
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 32 approvals on record and a median loan size of $287,500.
Key trends & insights
- THE Huntington National Bank leads this industry with 8 approvals (25% market share) and a median loan of $72,000.
Most active SBA lenders for Machine Shops in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 8 | $72,000 | |
| 2 | 4 | $290,000 | |
| 3 | 2 | $1,384,650 | |
| 4 | 2 | $2,084,450 | |
| 5 | 2 | $503,000 | |
| 6 | 2 | $1,192,500 | |
| 7 | 2 | $2,140,000 | |
| 8 | 1 | $500,000 | |
| 9 | 1 | $325,000 | |
| 10 | 1 | $681,600 | |
| 11 | 1 | $120,000 | |
| 12 | 1 | $700,000 | |
| 13 | 1 | $200,000 | |
| 14 | 1 | $150,000 | |
| 15 | 1 | $125,000 | |
| 16 | 1 | $100,000 | |
| 17 | 1 | $2,345,000 |
Recent SBA 7(a) approvals for Machine Shops in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | Community Choice CU | Gre*****LLC | Walled Lake, MI | $1,718,800 |
| 2025-03 | Community Choice CU | Gre*****LLC | Walled Lake, MI | $1,050,500 |
| 2025-02 | Readycap Lending, LLC | NOR*****NC. | Warren, MI | $100,000 |
| 2024-11 | WesBanco Bank, Inc. | Bec*****LC. | BRITTON, MI | $120,000 |
| 2024-08 | Dogwood State Bank | Goy*****ion | Ottawa Lake, MI | $681,600 |
| 2024-05 | BayFirst National Bank | V. *****NC. | MARINE CITY, MI | $150,000 |
| 2024-04 | The Huntington National Bank | War*****LLC | TRENTON, MI | $10,000 |
| 2024-03 | The Huntington National Bank | KMT*****LLC | TROY, MI | $115,000 |
| 2024-02 | The Huntington National Bank | DRA*****INC | DAVISBURG, MI | $100,000 |
| 2024-02 | Horizon Bank | Bec*****nc. | KALAMAZOO, MI | $100,000 |
| 2024-01 | CASE CU | Big*****LLC | LANSING, MI | $500,000 |
| 2023-08 | Chelsea State Bank | Qua*****LLC | MONROE, MI | $200,000 |
| 2023-08 | The Huntington National Bank | Sin*****Inc | Mt Clemens, MI | $20,000 |
| 2023-08 | The Huntington National Bank | Sin*****Inc | Mt Clemens, MI | $17,400 |
| 2023-07 | The Huntington National Bank | Pre*****LLC | Manistee, MI | $150,000 |
| 2023-06 | Comerica Bank | El****nc. | ROSEVILLE, MI | $125,000 |
| 2023-04 | Old National Bank | ALL*****NC. | TROY, MI | $2,618,900 |
| 2022-12 | ChoiceOne Bank | Val*****LLC | ROMULUS, MI | $1,105,500 |
| 2022-12 | ChoiceOne Bank | Val*****LLC | WOODHAVEN, MI | $200,000 |
| 2022-12 | ChoiceOne Bank | Val*****LLC | WOODHAVEN, MI | $250,000 |
| 2022-12 | Oxford Bank | Rid*****LLC | Flint, MI | $850,000 |
| 2022-05 | Flagstar Bank National Association | AAR*****EEL | CLINTON TOWNSHIP, MI | $325,000 |
| 2022-05 | The Huntington National Bank | KMT*****LLC | Clawson, MI | $114,300 |
| 2021-08 | First Merchants Bank | Kir*****nc. | ROMULUS, MI | $856,000 |
| 2021-08 | First Merchants Bank | Kir*****nc. | ROMULUS, MI | $150,000 |
| 2021-05 | Centier Bank | THE*****LLC | HILLSDALE, MI | $3,780,000 |
| 2021-05 | Centier Bank | THE*****LLC | HILLSDALE, MI | $500,000 |
| 2021-05 | Bank of Ann Arbor | Rit*****LLC | Wixom, MI | $2,345,000 |
| 2020-08 | The Huntington National Bank | SPL*****NC. | Sterling Heights, MI | $130,100 |
| 2020-04 | The Huntington National Bank | Sta*****LLC | Zeeland, MI | $44,000 |
| 2020-02 | ChoiceOne Bank | Jaw*****Co. | Norton Shores, MI | $330,000 |
| 2019-12 | Oxford Bank | Alp*****nc. | Clinton Township, MI | $1,535,000 |
| 2019-11 | Citizens Bank, National Association | Iro*****nc. | ROSEVILLE, MI | $700,000 |
| 2019-10 | Old National Bank | W &*****LLC | DOWAGIAC, MI | $1,550,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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