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SBA Loans for Jewelry Stores in Michigan: Top Lenders

NAICS 448

NAICS 448 covers jewelry stores businesses in Michigan. Based on historical SBA 7(a) lending data.

Total Approvals

12

in Michigan

Median Loan Size

$50,000

per approval

Recent Activity

0

last 90 days through Jul 2024

NAICS 448 covers jewelry stores businesses. This is a smaller category in SBA 7(a) lending with 12 approvals on record and a median loan size of $50,000.

Key trends & insights

  • Jewelry Stores in Michigan lending is concentrated — THE Huntington National Bank, Choiceone Bank, Newtek Bank, National Association together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • THE Huntington National Bank leads this industry with 10 approvals (83% market share) and a median loan of $50,000.
  • Jewelry Stores in Michigan loans skew smaller than the SBA average at $50,000 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 2024-07-01 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Jewelry Stores in Michigan

#LenderApprovalsMedian Size
1
THE Huntington National Bank
10$50,000
2
Choiceone Bank
1$637,500
3
Newtek Bank, National Association
1$185,000

Recent SBA 7(a) approvals for Jewelry Stores in Michigan

MonthLenderBorrowerAmount
2024-07Newtek Bank, National AssociationNew*****nc.$185,000
2022-07PNC Bank, National AssociationKZO*****INC$25,000
2022-01The Huntington National BankNOI*****NC.$48,000
2021-12The Huntington National BankElc*****any$20,000
2021-08The Huntington National BankBLU*****LLC$50,000
2021-08ChoiceOne BankK B*****nc.$458,000
2021-08The Huntington National BankPat*****LLC$220,000
2021-07ChoiceOne BankK B*****nc.$458,000
2021-05The Huntington National BankANN*****LLC$25,000
2021-05ChoiceOne BankDet*****any$637,500
2021-04West Shore BankSee*****LLC$365,000
2021-02The Huntington National BankClo*****LLC$50,000
2021-02The Huntington National BankGir*****LLC$90,000
2020-12First Internet Bank of IndianaEVO*****LLC$1,067,000
2020-12Nicolet National BankNC *****LLC$208,700
2020-09Arcadian BankBPV*****LLC$1,205,500
2020-09First Internet Bank of IndianaCom*****Inc$2,779,400
2020-08The Huntington National BankR.P*****ANY$50,000
2020-08The Huntington National BankGIA*****NC.$50,000
2020-08The Huntington National BankTap*****LLC$15,000
2020-07The Huntington National BankTHE*****LLC$50,000
2020-07The Huntington National BankEar*****Inc$410,000
2020-06The Huntington National BankFan*****nc.$100,000
2020-03The Huntington National BankTHE*****LLC$50,000
2020-01The Huntington National BankWis*****dan$763,000
2020-01The Huntington National BankRay*****LLC$50,000
2020-01The Huntington National BankA.F*****Co.$326,800
2020-01The Huntington National BankThe*****LLC$80,000
2020-01The Huntington National BankThe*****LLC$25,000
2020-01The Huntington National BankA.F*****Co.$125,000
2020-01The Huntington National BankA.F*****Co.$400,400
2020-01Independent BankBSD*****LLC$250,000
2019-11BayFirst National BankMar*****ign$200,000
2019-10The Huntington National Bankvip*****inc$50,000
2019-10The Huntington National BankVIP*****INC$50,000
2019-10The Huntington National Bankvi**ear$50,000
2019-10The Huntington National BankKJ'*****LLC$8,000
2019-10The Huntington National BankKJ'*****LLC$25,300

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

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