SBA Loans for Hotels (except Casino Hotels) and Motels in Michigan: Top Lenders
NAICS 721NAICS 721 covers hotels (except casino hotels) and motels businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
36
in Michigan
Median Loan Size
$1,440,000
per approval
Recent Activity
4
last 90 days through Aug 2025
NAICS 721 covers hotels (except casino hotels) and motels businesses. This is a smaller category in SBA 7(a) lending with 36 approvals on record and a median loan size of $1,440,000.
Key trends & insights
- Gbank leads this industry with 8 approvals (22% market share) and a median loan of $2,300,000.
- Hotels (except Casino Hotels) and Motels in Michigan loans run larger than the SBA average — a $1,440,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
Most active SBA lenders for Hotels (except Casino Hotels) and Motels in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 8 | $2,300,000 | |
| 2 | 5 | $2,450,000 | |
| 3 | 3 | $300,000 | |
| 4 | 2 | $2,168,150 | |
| 5 | 2 | $976,200 | |
| 6 | 2 | $387,500 | |
| 7 | 1 | $582,000 | |
| 8 | 1 | $100,000 | |
| 9 | 1 | $607,500 | |
| 10 | 1 | $3,000,000 | |
| 11 | 1 | $507,000 | |
| 12 | 1 | $125,000 | |
| 13 | 1 | $843,000 | |
| 14 | 1 | $257,500 | |
| 15 | 1 | $750,000 | |
| 16 | 1 | $950,000 | |
| 17 | 1 | $2,131,000 | |
| 18 | 1 | $2,543,000 | |
| 19 | 1 | $860,000 | |
| 20 | 1 | $1,395,000 |
Recent SBA 7(a) approvals for Hotels (except Casino Hotels) and Motels in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Port 51 Lending LLC | RED*****NC. | WAYNE, MI | $750,000 |
| 2025-08 | GBank | TWI*****NC. | Battle Creek, MI | $5,000,000 |
| 2025-08 | Celtic Bank Corporation | ANG*****INC | Kalamazoo, MI | $1,832,000 |
| 2025-07 | Independent Bank | Gra*****LLC | GRAND HAVEN, MI | $3,000,000 |
| 2025-05 | Centerstone SBA Lending, Inc. | Hom*****Inn | BATTLE CREEK, MI | $860,000 |
| 2025-05 | Stearns Bank National Association | PA *****LLC | NEW BUFFALO, MI | $5,000,000 |
| 2024-08 | The Huntington National Bank | Jad*****LLC | ALLEGAN, MI | $300,000 |
| 2024-08 | Shoreham Bank | Dhi*****LLC | SOUTHGATE, MI | $4,263,000 |
| 2024-08 | Newtek Bank, National Association | She*****ord | WATERFORD, MI | $125,000 |
| 2024-02 | Shoreham Bank | Ka***Inc | OSCODA, MI | $1,200,000 |
| 2024-01 | GBank | LI***INC | INDIAN RIVER, MI | $1,485,000 |
| 2023-12 | Shoreham Bank | Sta*****LLC | CANTON, MI | $2,880,000 |
| 2023-08 | First Bank of the Lake | KHU*****NC. | CHARLOTTE, MI | $100,000 |
| 2023-02 | VelocitySBA, LLC | SHA****LLC | BURTON, MI | $507,000 |
| 2023-01 | Celtic Bank Corporation | M&M*****LLC | Romulus, MI | $120,400 |
| 2022-05 | GBank | J&A*****LLC | GRAND RAPIDS, MI | $1,952,000 |
| 2022-04 | Shoreham Bank | PDS*****nc. | BENTON HARBOR, MI | $1,680,000 |
| 2022-03 | The Huntington National Bank | NEW*****NC. | Leland, MI | $75,000 |
| 2022-01 | Open Bank | dar*****ion | BAY CITY, MI | $375,000 |
| 2021-11 | Lake Trust CU | Gra*****LLC | Bellaire, MI | $607,500 |
| 2021-08 | Bank of Ann Arbor | Mot*****nc. | Detroit, MI | $2,500,000 |
| 2021-08 | GBank | MAH*****LLC | GAYLORD, MI | $2,300,000 |
| 2021-07 | First Western SBLC, Inc | GUL*****DBA | MADISON HEIGHTS, MI | $2,543,000 |
| 2021-06 | GBank | ARD*****LLC | GAYLORD, MI | $2,300,000 |
| 2021-06 | Bank of Ann Arbor | TBI*****LLC | Traverse City, MI | $1,836,300 |
| 2021-05 | GBank | BEN*****ION | BENTON HARBOR, MI | $3,547,500 |
| 2021-05 | Nicolet National Bank | Syl*****LLC | Glen Arbor, MI | $1,400,000 |
| 2021-04 | Open Bank | Ne***LLC | BAY CITY, MI | $400,000 |
| 2021-04 | Gulf Coast Bank and Trust Company | Bat*****und | HOUGHTON LAKE, MI | $582,000 |
| 2021-02 | Readycap Lending, LLC | N. *****NC. | Warren, MI | $950,000 |
| 2020-08 | Cadence Bank | Mon*****nc. | MONROE, MI | $1,395,000 |
| 2020-08 | GBank | SCA*****orp | Wyoming, MI | $3,595,000 |
| 2020-08 | GBank | MAD*****INC | MACKINAW CITY, MI | $2,010,000 |
| 2020-03 | Millennium Bank | Sta*****LLC | Grand Rapids, MI | $843,000 |
| 2020-02 | Shoreham Bank | Lak*****nc. | Fair Haven, MI | $1,152,000 |
| 2020-02 | The Huntington National Bank | Red*****LLC | FENNVILLE, MI | $344,200 |
| 2020-01 | Shoreham Bank | ARD*****LLC | Gaylord, MI | $2,450,000 |
| 2019-12 | Columbia Bank | SM *****LLC | ADRIAN, MI | $2,131,000 |
| 2019-11 | Horizon Bank | FJK*****LLC | ROSCOMMON, MI | $257,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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