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SBA Loans for Fuel Dealers in Michigan: Top Lenders

NAICS 454

NAICS 454 covers fuel dealers businesses in Michigan. Based on historical SBA 7(a) lending data.

Total Approvals

10

in Michigan

Median Loan Size

$223,500

per approval

Recent Activity

0

last 90 days through Jan 2023

NAICS 454 covers fuel dealers businesses. This is a smaller category in SBA 7(a) lending with 10 approvals on record and a median loan size of $223,500.

Key trends & insights

  • Fuel Dealers in Michigan lending is concentrated — Cross River Bank, THE Huntington National Bank, CDC Small Business Finance, CORP. together account for 50% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • Cross River Bank leads this industry with 2 approvals (20% market share) and a median loan of $1,500,000.
  • Fuel Dealers in Michigan loans skew smaller than the SBA average at $223,500 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 2023-01-19 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Fuel Dealers in Michigan

#LenderApprovalsMedian Size
1
Cross River Bank
2$1,500,000
2
THE Huntington National Bank
2$85,000
3
CDC Small Business Finance, CORP.
1$90,000
4
Wells Fargo Bank, National Association
1$10,000
5
Jpmorgan Chase Bank, National Association
1$100,000
6
Unibank
1$297,000
7
Incrediblebank
1$828,000
8
Newtek Small Business Finance, INC.
1$334,000

Recent SBA 7(a) approvals for Fuel Dealers in Michigan

MonthLenderBorrowerAmount
2024-05The Huntington National BankON *****LLC$6,000
2023-10Old National BankBuf*****LLC$50,000
2023-10Old National BankBuf*****LLC$347,500
2023-01JPMorgan Chase Bank, National AssociationLik*****Inc$100,000
2022-06Cross River BankTim*****LLC$1,000,000
2022-06Cross River BankTim*****LLC$2,000,000
2022-021st Source BankLil*****LLC$300,000
2021-10The Huntington National BankEWF*****LLC$345,000
2021-10The Huntington National BankK'S*****LLC$1,900
2021-10The Huntington National BankK'S*****LLC$5,000
2021-08ChoiceOne BankRed*****LLC$162,000
2021-08Newtek Small Business Finance, Inc.GRA*****LLC$334,000
2021-08The Huntington National BankOak*****ing$150,000
2021-06UniBankRom*****icz$297,000
2021-05CDC Small Business Finance Corp.The*****LLC$90,000
2021-05United Midwest Savings Bank National Association11T*****LLC$150,000
2021-04The Huntington National BankAcc*****LLC$100,000
2021-04ChoiceOne BankEDG*****.C.$350,000
2021-03The Huntington National BankPro*****LLC$30,000
2021-02Newtek Small Business Finance, Inc.A-Z***** CO$1,000,000
2021-02The Huntington National BankK &*****nc.$250,000
2021-02United Midwest Savings Bank National AssociationTDA*****LLC$80,000
2021-02IncredibleBankLit*****LLC$828,000
2021-01The Huntington National BankCLO*****LLC$50,000
2020-11The Huntington National BankDen*****LLC$150,000
2020-09United Midwest Savings Bank National AssociationNAT*****LLC$100,000
2020-09UniBankBra*****rau$1,270,000
2020-09The Huntington National BankMol*****LLC$50,000
2020-09Live Oak Banking CompanySpi*****LLC$150,000
2020-09Live Oak Banking CompanySpi*****LLC$3,000,000
2020-05The Huntington National BankDav*****LLC$20,000
2020-03Wells Fargo Bank National AssociationZG *****LLC$10,000
2020-03The Huntington National BankK &*****nc.$288,000
2019-10The Huntington National BankARK*****LLC$20,000

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

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