SBA Loans for All Other Home Furnishings Stores in Michigan: Top Lenders

NAICS 442

NAICS 442 covers all other home furnishings stores businesses in Michigan. Based on historical SBA 7(a) lending data.

Total Approvals

5

in Michigan

Median Loan Size

$120,000

per approval

Recent Activity

0

last 90 days through Aug 2021

NAICS 442 covers all other home furnishings stores businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $120,000.

Key trends & insights

  • All Other Home Furnishings Stores in Michigan lending is concentrated — Comerica Bank, 4front Credit Union, PNC Bank, National Association together account for 80% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • Comerica Bank leads this industry with 2 approvals (40% market share) and a median loan of $147,500.
  • All Other Home Furnishings Stores in Michigan loans skew smaller than the SBA average at $120,000 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 2021-08-02 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for All Other Home Furnishings Stores in Michigan

#LenderApprovalsMedian Size
12$147,500
21$75,000
31$108,000
41$150,000

Recent SBA 7(a) approvals for All Other Home Furnishings Stores in Michigan

MonthLenderBorrowerAmount
2021-08Comerica BankAl****tti$120,000
2021-06PNC Bank, National AssociationMIC*****LLC$108,000
2021-014Front Credit UnionMat*****LLC$75,000
2020-11United Midwest Savings Bank National AssociationANN*****LLC$150,000
2020-05Comerica BankCar*****nc.$175,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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