SBA Loans for Gasoline Stations with Convenience Stores in Michigan: Top Lenders
NAICS 447NAICS 447 covers gasoline stations with convenience stores businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Michigan
Median Loan Size
$582,100
per approval
Recent Activity
0
last 90 days through Aug 2021
NAICS 447 covers gasoline stations with convenience stores businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $582,100.
Key trends & insights
- Gasoline Stations with Convenience Stores in Michigan lending is concentrated — Isabella Bank, Nicolet National Bank, Millennium Bank together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Isabella Bank leads this industry with 1 approvals (25% market share) and a median loan of $517,200.
- SBA data for this industry goes through 2021-08-13 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Gasoline Stations with Convenience Stores in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $517,200 | |
| 2 | 1 | $472,500 | |
| 3 | 1 | $647,000 | |
| 4 | 1 | $1,112,500 |
Recent SBA 7(a) approvals for Gasoline Stations with Convenience Stores in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2021-12 | Byline Bank | Hoa*****LLC | BUCKLEY, MI | $2,470,000 |
| 2021-08 | IncredibleBank | VAN*****LLC | DETROIT, MI | $1,112,500 |
| 2021-08 | IncredibleBank | NOU*****LLC | DETROIT, MI | $89,000 |
| 2021-08 | Northern Great Lakes Initiatives | Nor*****.C. | Newberry, MI | $87,200 |
| 2021-05 | Nicolet National Bank | CRS*****LLC | Mc Millan, MI | $472,500 |
| 2021-04 | First Internet Bank of Indiana | Cla*****Inc | CLAWSON, MI | $1,870,000 |
| 2021-02 | Genisys CU | Par*****LLC | Clinton Township, MI | $1,510,000 |
| 2021-01 | Bank Michigan | Maa*****ion | Ann Arbor, MI | $300,000 |
| 2020-12 | First Internet Bank of Indiana | Tro*****nc. | TROY, MI | $497,000 |
| 2020-12 | Cadence Bank | S &*****Inc | WARREN, MI | $420,000 |
| 2020-09 | First Bank, Upper Michigan | Car*****LLC | Gladstone, MI | $776,800 |
| 2020-08 | The Stephenson National Bank and Trust | Ray*****bel | Cedar River, MI | $949,300 |
| 2020-04 | Isabella Bank | Wil*****LLC | Crystal, MI | $517,200 |
| 2020-02 | Cadence Bank | Kin*****LLC | ROSEVILLE, MI | $915,000 |
| 2020-02 | ChoiceOne Bank | Roy***** Co | FARMINGTON, MI | $1,691,000 |
| 2020-02 | Millennium Bank | Gla*****LLC | Gladstone, MI | $647,000 |
| 2019-10 | Highpoint Community Bank | Hos*****ats | WHITE CLOUD, MI | $45,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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