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 |
|---|---|---|---|---|
| 2025-08 | The Huntington National Bank | SUN*****LLC | WATERFORD, MI | $1,089,000 |
| 2025-08 | The Huntington National Bank | SUN*****LLC | WATERFORD, MI | $100,000 |
| 2025-05 | Superior National Bank | Tre*****nc. | Lanse, MI | $1,600,000 |
| 2025-03 | Readycap Lending, LLC | Car*****alo | New Buffalo, MI | $500,000 |
| 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 |
| 2024-05 | The Huntington National Bank | AIR*****.C. | SPRINGFIELD, MI | $50,000 |
| 2023-11 | First Merchants Bank | VAS*****LLC | FERNDALE, MI | $50,000 |
| 2023-08 | The Huntington National Bank | Luc*****LLC | Warren, MI | $50,000 |
| 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 |
| 2022-11 | ChoiceOne Bank | Wal*****LLC | WALLED LAKE, MI | $315,000 |
| 2022-08 | Comerica Bank | Aut*****Inc | TROY, MI | $200,000 |
| 2022-03 | 1st State Bank | Sha*****.C. | MIDLAND, MI | $180,000 |
| 2021-12 | 4Front Credit Union | Dal*****LLC | Brimley, MI | $881,000 |
| 2021-08 | Harvest Small Business Finance, LLC | INV*****LLC | SAUGATUCK, MI | $365,500 |
| 2021-08 | 4Front Credit Union | Nor*****Inc | BARBEAU, MI | $148,000 |
| 2021-05 | The Huntington National Bank | MR**LLC | Adrian, MI | $48,000 |
| 2021-04 | The Huntington National Bank | RAP*****NC. | Grand Rapids, MI | $50,000 |
| 2021-02 | Central Savings Bank | Lyn*****nc. | Sault Sainte Marie, MI | $1,530,000 |
| 2020-11 | The Huntington National Bank | MAN*****LLC | White Cloud, MI | $20,000 |
| 2020-05 | IncredibleBank | Tar*****LLC | MONROE, MI | $250,000 |
| 2020-02 | The Huntington National Bank | DAN*****ENT | THREE RIVERS, MI | $10,000 |
| 2020-01 | Credit Union One | TCF*****LLC | Oak Park, MI | $350,000 |
| 2019-12 | Superior National Bank | Bay*****nc. | Baraga, MI | $486,000 |
| 2019-12 | Superior National Bank | Bay*****nc. | BARAGA, MI | $75,000 |
| 2019-11 | JPMorgan Chase Bank, National Association | Hur*****LLC | PORT HURON, MI | $170,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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