SBA Loans for Motor Vehicle Towing in Michigan: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
19
in Michigan
Median Loan Size
$100,000
per approval
Recent Activity
3
last 90 days through Nov 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 19 approvals on record and a median loan size of $100,000.
Key trends & insights
- Motor Vehicle Towing in Michigan lending is concentrated — THE Huntington National Bank, Citizens Bank, National Association, Newtek Small Business Finance, INC. together account for 74% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 8 approvals (42% market share) and a median loan of $69,100.
- Motor Vehicle Towing in Michigan loans skew smaller than the SBA average at $100,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Motor Vehicle Towing in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 8 | $69,100 | |
| 2 | 4 | $590,000 | |
| 3 | 2 | $525,000 | |
| 4 | 2 | $74,350 | |
| 5 | 1 | $455,000 | |
| 6 | 1 | $200,000 | |
| 7 | 1 | $212,100 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | The Huntington National Bank | MMJ*****LLC | HOLLAND, MI | $36,000 |
| 2025-11 | The Huntington National Bank | JOE*****INC | DETROIT, MI | $100,000 |
| 2025-11 | The Huntington National Bank | Bob*****Inc | DETROIT, MI | $50,000 |
| 2025-04 | Lake Trust CU | M &*****LLC | ROMULUS, MI | $200,000 |
| 2024-02 | The Huntington National Bank | SeA*****LLC | YPSILANTI, MI | $30,000 |
| 2023-12 | Bank of America, National Association | All*****LLC | GROSSE POINTE WOODS, MI | $212,100 |
| 2023-08 | The Huntington National Bank | GRA*****LLC | GRANDVILLE, MI | $150,000 |
| 2023-06 | First National Bank & Trust Co | Wat*****LLC | CASPIAN, MI | $25,000 |
| 2023-06 | First National Bank & Trust Co | Wat*****LLC | Caspian, MI | $123,700 |
| 2022-08 | The Huntington National Bank | Goo*****LLC | New Baltimore, MI | $88,000 |
| 2022-07 | The Huntington National Bank | Ame*****nc. | Lansing, MI | $252,000 |
| 2022-04 | Newtek Small Business Finance, Inc. | ROY*****LLC | CANTON, MI | $50,000 |
| 2022-04 | The Huntington National Bank | Gre*****LLC | Caledonia, MI | $250,000 |
| 2022-02 | Newtek Small Business Finance, Inc. | J.D*****LLC | YPSILANTI, MI | $1,000,000 |
| 2021-05 | The Huntington National Bank | RR *****LLC | ALLEN PARK, MI | $50,200 |
| 2021-02 | Citizens Bank, National Association | DOJ*****LLC | LIVONIA, MI | $50,000 |
| 2021-02 | Citizens Bank, National Association | DOJ*****LLC | LIVONIA, MI | $1,080,000 |
| 2020-01 | Citizens Bank, National Association | NOR*****ORT | REDFORD, MI | $100,000 |
| 2020-01 | Citizens Bank, National Association | NOR*****ORT | REDFORD, MI | $1,535,000 |
| 2020-01 | Bank of Ann Arbor | Rom*****nc. | Farmington Hills, MI | $455,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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