SBA Loans for NAICS 517 in Michigan: Top Lenders
NAICS 517NAICS 517 covers wireless telecommunications carriers (except satellite) businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Michigan
Median Loan Size
$175,000
per approval
Recent Activity
0
last 90 days through Apr 2023
NAICS 517 covers wireless telecommunications carriers (except satellite) businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $175,000.
Key trends & insights
- NAICS 517 in Michigan lending is concentrated — 4front Credit Union, Fifth Third Bank, Newtek Small Business Finance, INC. together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- 4front Credit Union leads this industry with 1 approvals (25% market share) and a median loan of $250,000.
- NAICS 517 in Michigan loans skew smaller than the SBA average at $175,000 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 2023-04-03 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for NAICS 517 in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $250,000 | |
| 2 | 1 | $100,000 | |
| 3 | 1 | $2,634,000 | |
| 4 | 1 | $84,000 |
Recent SBA 7(a) approvals for NAICS 517 in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2023-04 | The Huntington National Bank | TCC****LLC | Grandville, MI | $84,000 |
| 2023-03 | Fifth Third Bank | RF *****LLC | PORTAGE, MI | $100,000 |
| 2021-08 | Newtek Small Business Finance, Inc. | Met*****Inc | DETROIT, MI | $2,634,000 |
| 2021-02 | 4Front Credit Union | Che*****LLC | Elk Rapids, MI | $250,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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