SBA Loans for Pharmacies and Drug Stores in Michigan: Top Lenders
NAICS 446NAICS 446 covers pharmacies and drug stores businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
7
in Michigan
Median Loan Size
$150,000
per approval
Recent Activity
0
last 90 days through Jun 2021
NAICS 446 covers pharmacies and drug stores businesses. This is a smaller category in SBA 7(a) lending with 7 approvals on record and a median loan size of $150,000.
Key trends & insights
- Pharmacies and Drug Stores in Michigan lending is concentrated — Live OAK Banking Company, THE Huntington National Bank, PNC Bank, National Association together account for 86% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Live OAK Banking Company leads this industry with 3 approvals (43% market share) and a median loan of $1,150,000.
- Pharmacies and Drug Stores in Michigan loans skew smaller than the SBA average at $150,000 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 2021-06-23 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Pharmacies and Drug Stores in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $1,150,000 | |
| 2 | 2 | $85,000 | |
| 3 | 1 | $50,000 | |
| 4 | 1 | $150,000 |
Recent SBA 7(a) approvals for Pharmacies and Drug Stores in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2021-07 | The Huntington National Bank | Ada*****LLC | ADA, MI | $25,000 |
| 2021-07 | The Huntington National Bank | Ada*****LLC | ADA, MI | $475,000 |
| 2021-06 | Live Oak Banking Company | Pha*****ugs | TAYLOR, MI | $865,000 |
| 2021-03 | Live Oak Banking Company | HH *****LLC | LINCOLN PARK, MI | $1,150,000 |
| 2021-02 | United Midwest Savings Bank National Association | SOM*****LLC | BERKLEY, MI | $150,000 |
| 2020-08 | Live Oak Banking Company | Far*****LLC | LIVONIA, MI | $1,550,000 |
| 2020-07 | Live Oak Banking Company | Pio*****LLC | FARMINGTON HILLS, MI | $2,315,000 |
| 2020-07 | Live Oak Banking Company | Pio*****LLC | FARMINGTON HILLS, MI | $2,315,000 |
| 2020-02 | PNC Bank, National Association | Mo *****nc. | DETROIT, MI | $50,000 |
| 2019-11 | The Huntington National Bank | Ste*****ann | Holland, MI | $30,000 |
| 2019-11 | The Huntington National Bank | Pre*****LLC | Sterling Heights, MI | $140,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet