SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Michigan: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
56
in Michigan
Median Loan Size
$186,450
per approval
Recent Activity
3
last 90 days through Aug 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 56 approvals on record and a median loan size of $186,450.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in Michigan lending is concentrated — THE Huntington National Bank, Northeast Bank, Comerica Bank together account for 64% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 29 approvals (53% market share) and a median loan of $100,000.
- Industrial Machinery and Equipment Merchant Wholesalers in Michigan loans skew smaller than the SBA average at $186,450 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Industrial Machinery and Equipment Merchant Wholesalers in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 29 | $100,000 | |
| 2 | 3 | $200,000 | |
| 3 | 3 | $350,000 | |
| 4 | 2 | $1,162,500 | |
| 5 | 2 | $121,450 | |
| 6 | 2 | $340,000 | |
| 7 | 1 | $724,500 | |
| 8 | 1 | $100,000 | |
| 9 | 1 | $200,000 | |
| 10 | 1 | $980,000 | |
| 11 | 1 | $621,000 | |
| 12 | 1 | $750,000 | |
| 13 | 1 | $25,000 | |
| 14 | 1 | $200,000 | |
| 15 | 1 | $869,300 | |
| 16 | 1 | $5,000,000 | |
| 17 | 1 | $952,000 | |
| 18 | 1 | $20,000 | |
| 19 | 1 | $119,800 | |
| 20 | 1 | $500,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Independent Bank | Mas*****LLC | LIVONIA, MI | $200,000 |
| 2025-07 | 1st Source Bank | Cor*****LLC | SCOTTS, MI | $192,900 |
| 2025-07 | 1st Source Bank | Cor*****LLC | SCOTTS, MI | $50,000 |
| 2025-05 | United FCU | Saf*****nc. | THREE RIVERS, MI | $980,000 |
| 2025-03 | University Bank | Hea*****LLC | Dexter, MI | $1,600,000 |
| 2025-03 | Northeast Bank | Qte*****llc | Kalkaska, MI | $250,000 |
| 2025-02 | Northern Great Lakes Initiatives | Alv*****LLC | Midland, MI | $100,000 |
| 2025-02 | KeyBank National Association | Fou*****LLC | Addison, MI | $25,000 |
| 2025-01 | Northeast Bank | EVE*****LLC | Lansing, MI | $90,700 |
| 2025-01 | The Huntington National Bank | SHO*****LLC | ANN ARBOR, MI | $15,000 |
| 2025-01 | Northeast Bank | Det*****nc. | West Bloomfield, MI | $200,000 |
| 2024-08 | JPMorgan Chase Bank, National Association | Jaa*****Llc | SOUTHFIELD, MI | $500,000 |
| 2024-08 | Newtek Bank, National Association | PLA*****RTS | Detroit, MI | $750,000 |
| 2024-07 | The Huntington National Bank | Div*****ign | CARO, MI | $16,500 |
| 2024-04 | Comerica Bank | Bir*****any | BIRMINGHAM, MI | $350,000 |
| 2024-03 | The Huntington National Bank | Sou*****nc. | SOUTHFIELD, MI | $100,000 |
| 2024-03 | Dogwood State Bank | Wat*****LLC | Portage, MI | $952,000 |
| 2024-03 | The Huntington National Bank | Sou*****nc. | SOUTHFIELD, MI | $1,110,500 |
| 2024-02 | The Huntington National Bank | HEA*****NC. | DAVISON, MI | $100,000 |
| 2024-02 | Comerica Bank | Maj*****orp | WARREN, MI | $1,000,000 |
| 2023-02 | BayFirst National Bank | ORC*****NC. | HOLLAND, MI | $119,800 |
| 2023-02 | The Huntington National Bank | ND *****.C. | Allendale, MI | $50,000 |
| 2023-01 | The Huntington National Bank | JB3*****LLC | Lansing, MI | $458,000 |
| 2023-01 | The Huntington National Bank | JB3*****LLC | Lansing, MI | $150,000 |
| 2022-12 | The Huntington National Bank | Way*****Inc | Grayling, MI | $75,000 |
| 2022-11 | BayFirst National Bank | Tra*****nc. | DEARBORN, MI | $150,000 |
| 2022-08 | Bank of America, National Association | Wor*****LLC | YPSILANTI, MI | $200,000 |
| 2022-08 | The Huntington National Bank | Mid*****LLC | Gladwin, MI | $100,000 |
| 2022-08 | The Huntington National Bank | Joz*****LLC | Sterling Heights, MI | $750,000 |
| 2022-08 | The Huntington National Bank | Fre*****nc. | Holland, MI | $70,000 |
| 2022-08 | The Huntington National Bank | Fre*****nc. | Holland, MI | $70,000 |
| 2022-07 | The Huntington National Bank | PMC*****LLC | St Clair Shores, MI | $120,000 |
| 2022-07 | The Huntington National Bank | Tru*****LLC | Gaylord, MI | $100,000 |
| 2022-07 | The Huntington National Bank | Tru*****LLC | Gaylord, MI | $250,000 |
| 2022-06 | United Midwest Savings Bank National Association | E&J*****nc. | Madison Heights, MI | $724,500 |
| 2022-06 | The Huntington National Bank | Cli*****rp. | Farmington Hills, MI | $350,000 |
| 2022-05 | The Huntington National Bank | MIK*****NC. | Grand Ledge, MI | $150,000 |
| 2022-05 | The Huntington National Bank | And*****nc. | Mt. Pleasant, MI | $50,000 |
| 2022-05 | The Huntington National Bank | WOO*****LLC | Hamtramck, MI | $100,000 |
| 2022-04 | The Huntington National Bank | B &*****LLC | Lowell, MI | $170,000 |
| 2022-03 | Citizens Bank, National Association | Cor*****LLC | NEW BALTIMORE, MI | $250,000 |
| 2022-03 | Citizens Bank, National Association | Cor*****LLC | NEW BALTIMORE, MI | $2,075,000 |
| 2022-03 | The Huntington National Bank | MAN*****INC | YPSILANTI, MI | $350,000 |
| 2022-03 | The Huntington National Bank | Ox *****nc. | Saginaw, MI | $250,000 |
| 2021-11 | Comerica Bank | B &*****INC | OAK PARK, MI | $170,000 |
| 2021-10 | Byline Bank | Acc*****LLC | FARMINGTON Hills, MI | $500,000 |
| 2021-08 | The Huntington National Bank | Str*****LLC | Grand Rapids, MI | $100,000 |
| 2021-08 | The Huntington National Bank | Pat*****LLC | Tecumseh, MI | $97,600 |
| 2021-05 | JPMorgan Chase Bank, National Association | AUT*****NC. | BIRMINGHAM, MI | $180,000 |
| 2021-04 | The Huntington National Bank | ACM*****NC. | DETROIT, MI | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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