SBA Loans for Medicinal and Botanical Manufacturing in Michigan: Top Lenders
NAICS 325NAICS 325 covers medicinal and botanical manufacturing businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Michigan
Median Loan Size
$65,000
per approval
Recent Activity
0
last 90 days through Aug 2024
NAICS 325 covers medicinal and botanical manufacturing businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $65,000.
Key trends & insights
- Medicinal and Botanical Manufacturing in Michigan lending is concentrated — THE Huntington National Bank, 1ST State Bank, Colony Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 2 approvals (50% market share) and a median loan of $63,000.
- Medicinal and Botanical Manufacturing in Michigan loans skew smaller than the SBA average at $65,000 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 2024-08-19 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Medicinal and Botanical Manufacturing in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $63,000 | |
| 2 | 1 | $30,000 | |
| 3 | 1 | $5,000,000 |
Recent SBA 7(a) approvals for Medicinal and Botanical Manufacturing in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-12 | Genisys CU | Die*****LLC | Ann Arbor, MI | $265,000 |
| 2024-08 | Colony Bank | Tru*****nc. | Williamsburg, MI | $5,000,000 |
| 2024-02 | 1st State Bank | IND*****INC | BRIDGEPORT, MI | $30,000 |
| 2024-02 | 1st State Bank | IND*****INC | BRIDGEPORT, MI | $300,000 |
| 2024-01 | Comerica Bank | Tit*****LLC | DETROIT, MI | $100,000 |
| 2023-04 | Colony Bank | Pre*****LLC | SPRING LAKE, MI | $509,000 |
| 2023-03 | JPMorgan Chase Bank, National Association | MAG*****LLC | ROCHESTER HILLS, MI | $400,000 |
| 2023-01 | Genisys CU | Ber*****LLC | ANN ARBOR, MI | $2,820,000 |
| 2021-10 | The Huntington National Bank | J.B*****NC. | Troy, MI | $100,000 |
| 2021-05 | The Huntington National Bank | SL *****LLC | ALLENDALE, MI | $26,000 |
| 2021-05 | The Huntington National Bank | SL *****LLC | ALLENDALE, MI | $100,000 |
| 2021-03 | Oxford Bank | Ins*****LLC | Oscoda, MI | $1,727,500 |
| 2021-02 | Oxford Bank | INS*****LLC | OSCODA, MI | $500,000 |
| 2021-02 | Oxford Bank | The*****LLC | MOUNT MORRIS, MI | $150,000 |
| 2021-01 | The Huntington National Bank | PRE*****LLC | PORT HURON, MI | $100,000 |
| 2020-12 | Byline Bank | Cul*****LLC | WAYNE, MI | $5,000,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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