SBA Loans for Boat Dealers in Michigan: Top Lenders
NAICS 441NAICS 441 covers boat dealers businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
25
in Michigan
Median Loan Size
$170,000
per approval
Recent Activity
2
last 90 days through Aug 2025
NAICS 441 covers boat dealers businesses. This is a smaller category in SBA 7(a) lending with 25 approvals on record and a median loan size of $170,000.
Key trends & insights
- THE Huntington National Bank leads this industry with 8 approvals (32% market share) and a median loan of $50,000.
- Boat Dealers in Michigan loans skew smaller than the SBA average at $170,000 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 Boat Dealers in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 8 | $50,000 | |
| 2 | 2 | $120,000 | |
| 3 | 2 | $400,000 | |
| 4 | 2 | $514,500 | |
| 5 | 1 | $180,000 | |
| 6 | 1 | $315,000 | |
| 7 | 1 | $95,400 | |
| 8 | 1 | $125,000 | |
| 9 | 1 | $1,530,000 | |
| 10 | 1 | $250,000 | |
| 11 | 1 | $350,000 | |
| 12 | 1 | $365,500 | |
| 13 | 1 | $1,600,000 | |
| 14 | 1 | $500,000 | |
| 15 | 1 | $200,000 |
Recent SBA 7(a) approvals for Boat Dealers in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Pathward National Association | Pre*****ers | SCHOOLCRAFT, MI | $2,462,000 |
| 2025-11 | Newtek Bank, National Association | Lak*****LLC | DOWAGIAC, MI | $300,000 |
| 2025-11 | Independent Bank | Har*****LLC | SPRING LAKE, MI | $256,000 |
| 2025-09 | Newtek Bank, National Association | Sar*****LLC | GRAND RAPIDS, MI | $3,000,000 |
| 2025-09 | Newtek Bank, National Association | Sar*****LLC | GRAND RAPIDS, MI | $2,000,000 |
| 2025-08 | Comerica Bank | CRA*****LLC | Novi, MI | $1,238,000 |
| 2025-08 | Comerica Bank | CRA*****LLC | Novi, MI | $125,000 |
| 2025-08 | The Huntington National Bank | SUN*****LLC | WATERFORD, MI | $1,089,000 |
| 2025-08 | The Huntington National Bank | SUN*****LLC | WATERFORD, MI | $100,000 |
| 2025-07 | Brookline Bank, a Division of Beacon Bank and Trust | ROL*****LLC | PERRY, MI | $350,000 |
| 2025-06 | Century Bank and Trust | Wil*****LLC | Coldwater, MI | $1,197,000 |
| 2025-05 | Superior National Bank | Tre*****nc. | Lanse, MI | $1,600,000 |
| 2025-04 | 4Front Credit Union | LC *****LLC | LAKE CITY, MI | $200,000 |
| 2025-04 | Northeast Bank | HUF*****LLC | Jackson, MI | $250,000 |
| 2025-03 | Readycap Lending, LLC | Car*****alo | New Buffalo, MI | $500,000 |
| 2025-03 | The Huntington National Bank | U S*****INC | LANSING, MI | $50,000 |
| 2025-03 | Northeast Bank | ON *****LLC | DEARBORN, MI | $250,000 |
| 2025-03 | Newtek Bank, National Association | Lux*****Inc | Detroit, MI | $400,000 |
| 2024-12 | Lendistry SBLC, LLC | AND*****OLE | Jenison, MI | $252,700 |
| 2024-11 | Northeast Bank | AND*****OLE | Jenison, MI | $250,000 |
| 2024-11 | Grand River Bank | R &*****nc. | Kentwood, MI | $125,000 |
| 2024-11 | Northeast Bank | SUN*****INC | Tecumseh, MI | $95,400 |
| 2024-10 | Newtek Bank, National Association | car*****LLC | Monroe, MI | $650,000 |
| 2024-10 | BayFirst National Bank | FUL*****LLC | CALEDONIA, MI | $150,000 |
| 2024-10 | The Huntington National Bank | Mac*****LLC | CHESTERFIELD, MI | $25,000 |
| 2024-10 | LAF CU | RJG*****nc. | Lansing, MI | $417,000 |
| 2024-08 | Superior National Bank | Por*****.C. | HANCOCK, MI | $75,000 |
| 2024-08 | Newtek Bank, National Association | OEM*****pot | Livonia, MI | $150,000 |
| 2024-08 | Harvest Small Business Finance, LLC | Gra*****LLC | EASTPOINTE, MI | $1,455,500 |
| 2024-07 | BayFirst National Bank | FRI*****INC | DETROIT, MI | $150,000 |
| 2024-07 | Readycap Lending, LLC | McD*****Inc | MOUNT MORRIS, MI | $50,000 |
| 2024-05 | The Huntington National Bank | AIR*****.C. | SPRINGFIELD, MI | $50,000 |
| 2024-04 | ChoiceOne Bank | Rim*****LLC | LANSING, MI | $234,000 |
| 2024-03 | Bank Michigan | Nit*****nc. | Waterford, MI | $794,500 |
| 2024-03 | Bank Michigan | Nit*****nc. | WATERFORD, MI | $50,000 |
| 2023-12 | 4Front Credit Union | Epi*****LLC | Traverse City, MI | $250,000 |
| 2023-12 | The Huntington National Bank | M65*****LLC | HALE, MI | $20,000 |
| 2023-11 | First Merchants Bank | VAS*****LLC | FERNDALE, MI | $50,000 |
| 2023-11 | First National Bank & Trust Co | Nor*****nc. | QUINNESEC, MI | $250,000 |
| 2023-10 | Celtic Bank Corporation | CAR*****ITY | Garden City, MI | $150,000 |
| 2023-10 | KeyBank National Association | Goo*****nc. | Farmington Hills, MI | $50,000 |
| 2023-09 | Bank of America, National Association | HOL*****NC. | MOUNT PLEASANT, MI | $558,000 |
| 2023-08 | The Huntington National Bank | Luc*****LLC | Warren, MI | $50,000 |
| 2023-08 | The Huntington National Bank | Hen*****nc. | Burton, MI | $100,000 |
| 2023-08 | The Huntington National Bank | 222*****LLC | Burton, MI | $1,088,000 |
| 2023-07 | The Huntington National Bank | Coc*****LLC | Howell, MI | $522,000 |
| 2023-07 | The Huntington National Bank | Mot*****LLC | Howell, MI | $75,000 |
| 2023-07 | Newtek Bank, National Association | Ca***ize | HIGHLAND PARK, MI | $150,000 |
| 2023-06 | JPMorgan Chase Bank, National Association | Aut*****nc. | DETROIT, MI | $70,000 |
| 2023-06 | Comerica Bank | Aut*****Inc | TROY, MI | $380,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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