SBA Loans for Art Dealers in Michigan: Top Lenders

NAICS 453

NAICS 453 covers art dealers businesses in Michigan. Based on historical SBA 7(a) lending data.

Total Approvals

19

in Michigan

Median Loan Size

$58,600

per approval

Recent Activity

0

last 90 days through Mar 2024

NAICS 453 covers art dealers businesses. This is a smaller category in SBA 7(a) lending with 19 approvals on record and a median loan size of $58,600.

Key trends & insights

  • Art Dealers in Michigan lending is concentrated — THE Huntington National Bank, THE Dart Bank, Kellogg Community CU together account for 95% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • THE Huntington National Bank leads this industry with 16 approvals (84% market share) and a median loan of $50,000.
  • Art Dealers in Michigan loans skew smaller than the SBA average at $58,600 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 2024-03-26 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Art Dealers in Michigan

#LenderApprovalsMedian Size
116$50,000
21$2,500,000
31$267,500
41$350,000

Recent SBA 7(a) approvals for Art Dealers in Michigan

MonthLenderBorrowerAmount
2024-03The Huntington National BankLak*****LLC$26,000
2024-02The Huntington National BankTNT*****LLC$25,000
2022-01The Huntington National BankQUI*****LLC$14,500
2021-12University BankThe*****LLC$72,000
2021-11Cadence BankEte*****.C.$350,000
2021-08The Dart BankBig*****LLC$2,500,000
2021-08The Huntington National BankBUR*****.C.$50,000
2021-08The Huntington National BankBUR*****.C.$200,000
2021-06The Huntington National BankAuS*****Inc$12,300
2021-05The Huntington National BankRoo*****nc.$100,000
2021-04Kellogg Community CURoo*****LLC$267,500
2021-04The Huntington National BankTEL*****LLC$35,000
2021-02The Huntington National BankDDJ*****LLC$75,000
2021-02The Huntington National BankDDJ*****LLC$568,000
2021-02The Huntington National BankCNJ*****LLC$40,400
2020-12The Huntington National BankJAC*****INC$288,000
2020-08The Huntington National BankSBC*****LLC$50,000
2020-08The Huntington National BankSBC*****LLC$860,000
2020-08The Huntington National BankSOP*****Inc$20,000
2020-06The Huntington National BankF2 *****LLC$50,000
2020-05The Huntington National BankDAI*****LLC$58,600
2020-03The Huntington National BankJJE*****LLC$782,000
2019-12The Huntington National BankJen*****LLC$50,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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