SBA Loans for Jewelry Stores in Michigan: Top Lenders
NAICS 448NAICS 448 covers jewelry stores businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
12
in Michigan
Median Loan Size
$50,000
per approval
Recent Activity
0
last 90 days through Jul 2024
NAICS 448 covers jewelry stores businesses. This is a smaller category in SBA 7(a) lending with 12 approvals on record and a median loan size of $50,000.
Key trends & insights
- Jewelry Stores in Michigan lending is concentrated — THE Huntington National Bank, Choiceone Bank, Newtek Bank, National Association 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 10 approvals (83% market share) and a median loan of $50,000.
- Jewelry Stores in Michigan loans skew smaller than the SBA average at $50,000 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 2024-07-01 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Jewelry Stores in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 10 | $50,000 | |
| 2 | 1 | $637,500 | |
| 3 | 1 | $185,000 |
Recent SBA 7(a) approvals for Jewelry Stores in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-07 | Newtek Bank, National Association | New*****nc. | FARMINGTON HILLS, MI | $185,000 |
| 2021-12 | The Huntington National Bank | Elc*****any | W Bloomfield, MI | $20,000 |
| 2021-08 | The Huntington National Bank | BLU*****LLC | Grand Rapids, MI | $50,000 |
| 2021-08 | The Huntington National Bank | Pat*****LLC | TECUMSEH, MI | $220,000 |
| 2021-05 | ChoiceOne Bank | Det*****any | GRAND BLANC, MI | $637,500 |
| 2020-08 | The Huntington National Bank | R.P*****ANY | SAGINAW, MI | $50,000 |
| 2020-08 | The Huntington National Bank | GIA*****NC. | West Bloomfield, MI | $50,000 |
| 2020-07 | The Huntington National Bank | Ear*****Inc | Grand Haven, MI | $410,000 |
| 2020-01 | The Huntington National Bank | The*****LLC | KALAMAZOO, MI | $80,000 |
| 2020-01 | The Huntington National Bank | The*****LLC | KALAMAZOO, MI | $25,000 |
| 2020-01 | The Huntington National Bank | A.F*****Co. | Troy, MI | $326,800 |
| 2020-01 | Independent Bank | BSD*****LLC | OAK PARK, MI | $250,000 |
| 2019-10 | The Huntington National Bank | vi**ear | Detroit, MI | $50,000 |
| 2019-10 | The Huntington National Bank | KJ'*****LLC | Jackson, MI | $25,300 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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