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SBA Loans for Taxi Service in Michigan: Top Lenders

NAICS 485

NAICS 485 covers taxi service businesses in Michigan. Based on historical SBA 7(a) lending data.

Total Approvals

6

in Michigan

Median Loan Size

$93,500

per approval

Recent Activity

0

last 90 days through Aug 2024

NAICS 485 covers taxi service businesses. This is a smaller category in SBA 7(a) lending with 6 approvals on record and a median loan size of $93,500.

Key trends & insights

  • Taxi Service in Michigan lending is concentrated — 1ST State Bank, THE Huntington National Bank, Keybank, National Association together account for 83% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • 1ST State Bank leads this industry with 2 approvals (33% market share) and a median loan of $195,000.
  • Taxi Service in Michigan loans skew smaller than the SBA average at $93,500 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 2024-08-27 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Taxi Service in Michigan

#LenderApprovalsMedian Size
1
1ST State Bank
2$195,000
2
THE Huntington National Bank
2$267,500
3
Keybank, National Association
1$25,000
4
Celtic Bank, CORP.
1$95,000

Recent SBA 7(a) approvals for Taxi Service in Michigan

MonthLenderBorrowerAmount
2025-11Climate First BankOnC*****LLC$860,000
2025-06The Huntington National BankLEL*****LLC$150,000
2025-06The Huntington National BankAro*****LLC$80,000
2025-05The Huntington National BankMan*****LLC$15,000
2025-03The Huntington National BankRel*****LLC$147,000
2024-10Celtic Bank CorporationACT*****LLC$150,000
2024-081st State BankBey*****LLC$298,000
2024-08The Huntington National BankRIG*****LLC$500,000
2024-04Byline BankHol*****any$3,550,000
2024-04Byline BankHol*****any$500,000
2024-04Celtic Bank CorporationPea*****LLC$95,000
2024-03The Huntington National BankGar*****any$50,000
2024-01The Huntington National BankStr*****LLC$82,000
2024-01The Huntington National BankStr*****LLC$31,000
2023-11The Huntington National BankAre*****LLC$25,000
2023-11The Huntington National BankMan*****LLC$50,000
2023-10The Huntington National BankBoo*****LLC$133,100
2023-09BayFirst National BankNon*****LLC$150,000
2023-09The Huntington National BankSTR*****LLC$42,200
2023-07The Huntington National BankSTR*****LLC$53,200
2023-06KeyBank National AssociationLav*****LLC$25,000
2023-05The Huntington National BankSTR*****LLC$35,000
2023-04The Huntington National BankGar*****any$125,000
2022-07CDC Small Business Finance Corp.Whi*****.C.$30,000
2022-07CDC Small Business Finance Corp.H.A*****LLC$130,000
2022-02Bank MichiganGol*****nc.$2,573,500
2022-02The Huntington National BankRID*****LLC$8,000
2022-02The Huntington National BankRID*****LLC$46,000
2021-031st State BankBey*****LLC$60,000
2020-081st State BankBey*****LLC$92,000
2020-08The Huntington National BankNON*****LLC$50,000
2020-04The Huntington National BankTra*****LLC$152,300
2020-03Fifth Third BankKat*****.C.$15,000
2019-12Fifth Third BankRev*****LLC$28,000

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

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