SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Michigan: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
56
in Michigan
Median Loan Size
$186,450
per approval
Recent Activity
3
last 90 days through Aug 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 56 approvals on record and a median loan size of $186,450.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in Michigan lending is concentrated — THE Huntington National Bank, Northeast Bank, Comerica Bank together account for 64% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 29 approvals (53% market share) and a median loan of $100,000.
- Industrial Machinery and Equipment Merchant Wholesalers in Michigan loans skew smaller than the SBA average at $186,450 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 Industrial Machinery and Equipment Merchant Wholesalers in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 29 | $100,000 | |
| 2 | 3 | $200,000 | |
| 3 | 3 | $350,000 | |
| 4 | 2 | $1,162,500 | |
| 5 | 2 | $121,450 | |
| 6 | 2 | $340,000 | |
| 7 | 1 | $724,500 | |
| 8 | 1 | $100,000 | |
| 9 | 1 | $200,000 | |
| 10 | 1 | $980,000 | |
| 11 | 1 | $621,000 | |
| 12 | 1 | $750,000 | |
| 13 | 1 | $25,000 | |
| 14 | 1 | $200,000 | |
| 15 | 1 | $869,300 | |
| 16 | 1 | $5,000,000 | |
| 17 | 1 | $952,000 | |
| 18 | 1 | $20,000 | |
| 19 | 1 | $119,800 | |
| 20 | 1 | $500,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | The Huntington National Bank | Sca*****LLC | ALLENDALE, MI | $350,000 |
| 2025-12 | The Huntington National Bank | Lyd*****LLC | TEMPERANCE, MI | $60,000 |
| 2025-11 | Independent Bank | Por*****LLC | PLYMOUTH, MI | $1,190,000 |
| 2025-11 | Independent Bank | Mot*****LLC | PLYMOUTH, MI | $1,035,000 |
| 2025-11 | First National Bank & Trust Co | Ori*****LLC | Iron Mountain, MI | $2,473,300 |
| 2025-11 | Independent Bank | Mot*****LLC | PLYMOUTH, MI | $150,000 |
| 2025-11 | First National Bank & Trust Co | Ori*****ors | Iron Mountain, MI | $900,000 |
| 2025-11 | Newtek Bank, National Association | FN *****rts | Dearborn, MI | $55,000 |
| 2025-09 | The Huntington National Bank | Cul*****Inc | SAGINAW, MI | $150,000 |
| 2025-09 | The Huntington National Bank | Cul*****Inc | SAGINAW, MI | $1,543,000 |
| 2025-09 | Independent Bank | Rem*****LLC | WAYLAND, MI | $500,000 |
| 2025-09 | University Bank | Hea*****LLC | Dexter, MI | $709,000 |
| 2025-08 | Independent Bank | Mas*****LLC | LIVONIA, MI | $200,000 |
| 2025-07 | 1st Source Bank | Cor*****LLC | SCOTTS, MI | $192,900 |
| 2025-07 | 1st Source Bank | Cor*****LLC | SCOTTS, MI | $50,000 |
| 2025-05 | United FCU | Saf*****nc. | THREE RIVERS, MI | $980,000 |
| 2025-05 | The Huntington National Bank | Str*****ted | MUSKEGON, MI | $100,000 |
| 2025-05 | The Huntington National Bank | Str*****ted | MUSKEGON, MI | $782,700 |
| 2025-04 | Newtek Bank, National Association | Pho*****Inc | FARMINGTON HILLS, MI | $200,000 |
| 2025-04 | Bank of Ann Arbor | Emi*****nc. | Sterling Heights, MI | $3,568,000 |
| 2025-04 | Bank of Ann Arbor | Emi*****nc. | STERLING HEIGHTS, MI | $500,000 |
| 2025-04 | Bank of America, National Association | Cap*****nc. | ROMULUS, MI | $225,000 |
| 2025-03 | University Bank | Hea*****LLC | Dexter, MI | $1,600,000 |
| 2025-03 | Northeast Bank | Qte*****llc | Kalkaska, MI | $250,000 |
| 2025-03 | The Huntington National Bank | Bra*****ich | BYRON, MI | $50,000 |
| 2025-03 | Evolve Bank and Trust | Wul*****LLC | Hudsonville, MI | $262,000 |
| 2025-02 | Northern Great Lakes Initiatives | Alv*****LLC | Midland, MI | $100,000 |
| 2025-02 | KeyBank National Association | Fou*****LLC | Addison, MI | $25,000 |
| 2025-02 | Northeast Bank | Luc*****INC | Hopkins, MI | $35,000 |
| 2025-01 | 1st Source Bank | Cus*****LLC | NILES, MI | $50,000 |
| 2025-01 | Northeast Bank | EVE*****LLC | Lansing, MI | $90,700 |
| 2025-01 | The Huntington National Bank | SHO*****LLC | ANN ARBOR, MI | $15,000 |
| 2025-01 | Northeast Bank | Det*****nc. | West Bloomfield, MI | $200,000 |
| 2024-12 | 1st State Bank | Bug*****LLC | SAGINAW, MI | $350,000 |
| 2024-12 | 1st State Bank | Bug*****LLC | SAGINAW, MI | $500,000 |
| 2024-12 | Comerica Bank | Fis*****nc. | CANTON, MI | $46,000 |
| 2024-12 | Celtic Bank Corporation | GAR*****LLC | SOUTHFIELD, MI | $1,566,000 |
| 2024-12 | The Huntington National Bank | SEA*****NC. | GRAND RAPIDS, MI | $250,000 |
| 2024-11 | The Huntington National Bank | Red*****nc. | REDFORD, MI | $500,000 |
| 2024-11 | The Huntington National Bank | Red*****nc. | REDFORD, MI | $3,398,100 |
| 2024-11 | The Huntington National Bank | cla*****inc | LAWRENCE, MI | $250,000 |
| 2024-11 | University Bank | Hea*****.C. | Dexter, MI | $1,301,000 |
| 2024-10 | BayFirst National Bank | Nic*****ler | MOUNT PLEASANT, MI | $150,000 |
| 2024-10 | JPMorgan Chase Bank, National Association | Pro*****LLC | PLYMOUTH, MI | $400,000 |
| 2024-10 | Comerica Bank | Mid*****LLC | WARREN, MI | $2,235,000 |
| 2024-10 | Comerica Bank | Mid*****LLC | WARREN, MI | $500,000 |
| 2024-09 | Northeast Bank | DET*****NC. | West Bloomfield, MI | $250,000 |
| 2024-09 | CDC Small Business Finance Corp. | AT**LLC | Dearborn Heights, MI | $75,000 |
| 2024-09 | First National Bank of Michigan | Saf*****ted | GRAND RAPIDS, MI | $1,464,700 |
| 2024-08 | Newtek Bank, National Association | PLA*****RTS | DETROIT, MI | $200,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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