SBA Loans for NAICS 335 in Michigan: Top Lenders
NAICS 335NAICS 335 covers all other miscellaneous electrical equipment and component manufacturi businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
2
in Michigan
Median Loan Size
$172,500
per approval
Recent Activity
0
last 90 days through Aug 2023
NAICS 335 covers all other miscellaneous electrical equipment and component manufacturi businesses. This is a smaller category in SBA 7(a) lending with 2 approvals on record and a median loan size of $172,500.
Key trends & insights
- NAICS 335 in Michigan loans skew smaller than the SBA average at $172,500 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 2023-08-03 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for NAICS 335 in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $295,000 | |
| 2 | 1 | $50,000 |
Recent SBA 7(a) approvals for NAICS 335 in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-04 | Horizon Bank | El *****LLC | SAINT JOSEPH, MI | $250,000 |
| 2023-08 | The Huntington National Bank | Mac*****LLC | Chesterfield, MI | $50,000 |
| 2021-04 | Gogebic Range Bank | LBI*****LLC | IRONWOOD, MI | $295,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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