SBA Loans for Machine Shops in Michigan: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
32
in Michigan
Median Loan Size
$287,500
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 32 approvals on record and a median loan size of $287,500.
Key trends & insights
- THE Huntington National Bank leads this industry with 8 approvals (25% market share) and a median loan of $72,000.
- SBA data for this industry goes through 2025-03-26 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Machine Shops in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 8 | $72,000 | |
| 2 | 4 | $290,000 | |
| 3 | 2 | $1,384,650 | |
| 4 | 2 | $2,084,450 | |
| 5 | 2 | $503,000 | |
| 6 | 2 | $1,192,500 | |
| 7 | 2 | $2,140,000 | |
| 8 | 1 | $500,000 | |
| 9 | 1 | $325,000 | |
| 10 | 1 | $681,600 | |
| 11 | 1 | $120,000 | |
| 12 | 1 | $700,000 | |
| 13 | 1 | $200,000 | |
| 14 | 1 | $150,000 | |
| 15 | 1 | $125,000 | |
| 16 | 1 | $100,000 | |
| 17 | 1 | $2,345,000 |
Recent SBA 7(a) approvals for Machine Shops in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | The Huntington National Bank | Mit*****LLC | HEMLOCK, MI | $85,800 |
| 2025-06 | Northeast Bank | MER*****LLC | TROY, MI | $50,000 |
| 2025-03 | Community Choice CU | Gre*****LLC | Walled Lake, MI | $1,718,800 |
| 2025-03 | Community Choice CU | Gre*****LLC | Walled Lake, MI | $1,050,500 |
| 2025-03 | Bank of America, National Association | May*****Co. | PLYMOUTH, MI | $1,193,900 |
| 2025-02 | Readycap Lending, LLC | NOR*****NC. | Warren, MI | $100,000 |
| 2025-02 | BayFirst National Bank | ELE*****LLC | WYOMING, MI | $150,000 |
| 2025-01 | Northeast Bank | P.K*****NC. | Ferndale, MI | $250,000 |
| 2024-12 | Independent Bank | ACJ*****ion | NEW BALTIMORE, MI | $1,567,000 |
| 2024-11 | WesBanco Bank, Inc. | Bec*****LC. | BRITTON, MI | $120,000 |
| 2024-11 | Celtic Bank Corporation | J&S*****NC. | NUNICA, MI | $150,000 |
| 2024-10 | ChoiceOne Bank | SMA*****LLC | HOWELL, MI | $200,000 |
| 2024-09 | Colony Bank | TSG*****LLC | Wyandotte, MI | $150,000 |
| 2024-09 | Team One CU | Bur*****LLC | Suttons Bay, MI | $100,000 |
| 2024-09 | Northeast Bank | THE*****LLC | Grand Ledge, MI | $250,000 |
| 2024-08 | Lendistry SBLC, LLC | P.K*****NC. | Ferndale, MI | $202,700 |
| 2024-08 | Dogwood State Bank | Goy*****ion | Ottawa Lake, MI | $681,600 |
| 2024-07 | Stearns Bank National Association | NOR*****INC | Gladstone, MI | $3,140,000 |
| 2024-06 | Live Oak Banking Company | The*****nc. | REDFORD, MI | $500,000 |
| 2024-06 | Chelsea State Bank | Apo*****nc. | Manchester, MI | $1,000,000 |
| 2024-05 | BayFirst National Bank | V. *****NC. | MARINE CITY, MI | $150,000 |
| 2024-04 | The Huntington National Bank | War*****LLC | TRENTON, MI | $10,000 |
| 2024-03 | First National Bank of Michigan | Bee*****nc. | Durand, MI | $500,000 |
| 2024-03 | The Huntington National Bank | KMT*****LLC | TROY, MI | $115,000 |
| 2024-03 | Michigan State University Federal Credit Union | Clo*****LLC | Lansing, MI | $120,000 |
| 2024-02 | The Huntington National Bank | DRA*****INC | DAVISBURG, MI | $100,000 |
| 2024-02 | Horizon Bank | Bec*****nc. | KALAMAZOO, MI | $100,000 |
| 2024-01 | CASE CU | Big*****LLC | LANSING, MI | $500,000 |
| 2023-12 | Horizon Bank | UNI*****NC. | BENTON HARBOR, MI | $550,000 |
| 2023-12 | Horizon Bank | UNI*****NC. | BENTON HARBOR, MI | $100,000 |
| 2023-12 | ChoiceOne Bank | Mic*****LLC | Saint Clair, MI | $861,000 |
| 2023-10 | The Huntington National Bank | Pro*****nc. | ZEELAND, MI | $1,113,000 |
| 2023-10 | The Huntington National Bank | Pro*****nc. | ZEELAND, MI | $350,000 |
| 2023-10 | Comerica Bank | Car*****nc. | LIVONIA, MI | $212,000 |
| 2023-10 | BayFirst National Bank | TSG*****LLC | WYANDOTTE, MI | $150,000 |
| 2023-10 | The Huntington National Bank | R &*****LLC | Fruitport, MI | $123,800 |
| 2023-10 | The Huntington National Bank | R &*****LLC | Fruitport, MI | $95,000 |
| 2023-08 | The Huntington National Bank | Cop*****LLC | STOCKBRIDGE, MI | $75,000 |
| 2023-08 | The Huntington National Bank | Cop*****LLC | STOCKBRIDGE, MI | $672,000 |
| 2023-08 | Chelsea State Bank | Qua*****LLC | MONROE, MI | $200,000 |
| 2023-08 | The Huntington National Bank | Sin*****Inc | Mt Clemens, MI | $20,000 |
| 2023-08 | The Huntington National Bank | Sin*****Inc | Mt Clemens, MI | $17,400 |
| 2023-07 | The Huntington National Bank | Adv*****.C. | Grandville, MI | $50,000 |
| 2023-07 | The Huntington National Bank | Pre*****LLC | Manistee, MI | $150,000 |
| 2023-06 | Comerica Bank | El****nc. | ROSEVILLE, MI | $125,000 |
| 2023-05 | First Federal Savings and Loan Association of Lakewood | Nor*****LLC | LEROY, MI | $1,412,000 |
| 2023-05 | The Huntington National Bank | PT***nc. | Cadillac, MI | $6,800 |
| 2023-05 | The Huntington National Bank | PT***nc. | Cadillac, MI | $53,000 |
| 2023-05 | The Huntington National Bank | Ber*****nc. | Fraser, MI | $200,000 |
| 2023-04 | The Huntington National Bank | Cor*****LLC | St. Clair, MI | $250,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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