SBA Loans for Electrical Contractors in Michigan: Top Lenders
NAICS 238NAICS 238 covers roofing contractors businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
274
in Michigan
Median Loan Size
$100,000
per approval
Recent Activity
9
last 90 days through Aug 2025
NAICS 238 covers roofing contractors businesses. This is a moderately active sector for SBA 7(a) lending with 274 approvals and a median loan size of $100,000.
Key trends & insights
- Electrical Contractors in Michigan lending is concentrated — THE Huntington National Bank, Comerica Bank, Choiceone Bank together account for 78% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 174 approvals (69% market share) and a median loan of $85,000.
- Electrical Contractors 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 Electrical Contractors in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 174 | $85,000 | |
| 2 | 13 | $160,000 | |
| 3 | 11 | $250,000 | |
| 4 | 6 | $200,000 | |
| 5 | 5 | $40,000 | |
| 6 | 4 | $364,150 | |
| 7 | 4 | $125,000 | |
| 8 | 4 | $825,000 | |
| 9 | 4 | $221,750 | |
| 10 | 3 | $200,000 | |
| 11 | 3 | $200,000 | |
| 12 | 3 | $150,000 | |
| 13 | 3 | $250,000 | |
| 14 | 3 | $50,000 | |
| 15 | 3 | $415,000 | |
| 16 | 3 | $150,000 | |
| 17 | 2 | $502,500 | |
| 18 | 2 | $255,000 | |
| 19 | 2 | $300,650 | |
| 20 | 1 | $215,000 |
Recent SBA 7(a) approvals for Electrical Contractors in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | The Huntington National Bank | JK *****LLC | EAST CHINA, MI | $200,000 |
| 2025-12 | Fifth Third Bank | RNP*****LLC | MACOMB, MI | $100,000 |
| 2025-12 | Old National Bank | JP *****LLC | SAINT CLAIR SHORES, MI | $382,000 |
| 2025-12 | Old National Bank | JP *****LLC | SAINT CLAIR SHORES, MI | $100,000 |
| 2025-12 | Northeast Bank | MI-*****llc | GOBLES, MI | $340,700 |
| 2025-12 | Comerica Bank | Cit*****LLC | SAINT CLAIR SHORES, MI | $100,000 |
| 2025-12 | Northeast Bank | Vil*****LLC | St. Clair Shores, MI | $307,400 |
| 2025-11 | The Huntington National Bank | WAD*****INC | WASHINGTON, MI | $50,000 |
| 2025-11 | The Huntington National Bank | Vin*****nc. | HASTINGS, MI | $179,500 |
| 2025-11 | The Huntington National Bank | LAR*****LLC | SAINT JOHNS, MI | $20,000 |
| 2025-11 | The Huntington National Bank | LAR*****LLC | SAINT JOHNS, MI | $13,200 |
| 2025-11 | The Huntington National Bank | ALL*****.C. | WATERFORD, MI | $110,000 |
| 2025-11 | Citizens Bank, National Association | ViV*****nc. | STERLING HEIGHTS, MI | $882,000 |
| 2025-11 | Northeast Bank | VIL*****LLC | St. Clair Shores, MI | $307,400 |
| 2025-11 | United Midwest Savings Bank National Association | SOL*****NC. | ALTO, MI | $350,000 |
| 2025-11 | The Huntington National Bank | Tut*****LLC | JACKSON, MI | $75,000 |
| 2025-11 | The Huntington National Bank | Rhi*****.C. | DETROIT, MI | $350,000 |
| 2025-11 | The Huntington National Bank | GAT*****NC. | HAMILTON, MI | $50,000 |
| 2025-11 | The Huntington National Bank | Cre*****LLC | SAND CREEK, MI | $122,000 |
| 2025-11 | The Huntington National Bank | Gat*****Inc | HAMILTON, MI | $36,200 |
| 2025-11 | The Huntington National Bank | Mr *****Inc | WARREN, MI | $100,000 |
| 2025-09 | The Huntington National Bank | Bes*****Inc | FARMINGTON, MI | $153,400 |
| 2025-09 | The Huntington National Bank | Bes*****Inc | FARMINGTON, MI | $190,000 |
| 2025-09 | The Huntington National Bank | WIL*****LLC | HUDSONVILLE, MI | $179,000 |
| 2025-09 | The Huntington National Bank | WIL*****LLC | HUDSONVILLE, MI | $20,000 |
| 2025-09 | Huron Valley State Bank | J &*****Co. | BRIGHTON, MI | $500,000 |
| 2025-08 | United Midwest Savings Bank National Association | LIZ*****ITY | Cadillac, MI | $150,000 |
| 2025-08 | The Huntington National Bank | Ele*****LLC | MACOMB, MI | $250,500 |
| 2025-08 | The Huntington National Bank | Ele*****LLC | MACOMB, MI | $50,000 |
| 2025-08 | Horizon Bank | Lin*****nc. | BENTON HARBOR, MI | $200,000 |
| 2025-08 | The Huntington National Bank | SLS*****LLC | CLARE, MI | $50,000 |
| 2025-08 | The Huntington National Bank | Ins*****gan | COVERT, MI | $60,000 |
| 2025-08 | Readycap Lending, LLC | Dir*****LLC | FREMONT, MI | $50,000 |
| 2025-08 | KeyBank National Association | A A*****LLC | Dearborn Heights, MI | $15,000 |
| 2025-07 | United Midwest Savings Bank National Association | GUI*****IDS | GRAND HAVEN, MI | $150,000 |
| 2025-07 | The Huntington National Bank | BET*****LLC | STERLING HEIGHTS, MI | $10,000 |
| 2025-07 | Live Oak Banking Company | TMP*****LLC | GARDEN CITY, MI | $1,895,000 |
| 2025-07 | Isabella Bank | WKZ*****nc. | MIDLAND, MI | $85,000 |
| 2025-07 | Horizon Bank | Gil*****LLC | Clyde, MI | $350,000 |
| 2025-07 | Isabella Bank | WKZ*****nc. | Midland, MI | $235,000 |
| 2025-07 | 4Front Credit Union | Hoc*****LLC | BELLAIRE, MI | $1,152,700 |
| 2025-07 | Fifth Third Bank | DIS*****LLC | COTTRELLVILLE, MI | $25,000 |
| 2025-07 | The Huntington National Bank | Roh*****LLC | DOWAGIAC, MI | $50,000 |
| 2025-07 | Isabella Bank | WKZ*****nc. | MIDLAND, MI | $235,000 |
| 2025-07 | The Huntington National Bank | MON*****LLC | ROCKFORD, MI | $50,000 |
| 2025-07 | First Internet Bank of Indiana | Nau*****ing | TECUMSEH, MI | $1,299,000 |
| 2025-06 | First Merchants Bank | Apa*****nc. | STERLING HEIGHTS, MI | $50,000 |
| 2025-06 | The Huntington National Bank | INN*****LLC | HUDSONVILLE, MI | $100,000 |
| 2025-06 | The Huntington National Bank | BRA*****ANY | HOWELL, MI | $250,000 |
| 2025-06 | Readycap Lending, LLC | Gre*****ing | Lowell, MI | $253,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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