SBA Loans for Fuel Dealers in Michigan: Top Lenders
NAICS 454NAICS 454 covers fuel dealers businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
10
in Michigan
Median Loan Size
$223,500
per approval
Recent Activity
0
last 90 days through Jan 2023
NAICS 454 covers fuel dealers businesses. This is a smaller category in SBA 7(a) lending with 10 approvals on record and a median loan size of $223,500.
Key trends & insights
- Fuel Dealers in Michigan lending is concentrated — Cross River Bank, THE Huntington National Bank, CDC Small Business Finance, CORP. together account for 50% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Cross River Bank leads this industry with 2 approvals (20% market share) and a median loan of $1,500,000.
- Fuel Dealers in Michigan loans skew smaller than the SBA average at $223,500 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 2023-01-19 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Fuel Dealers in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $1,500,000 | |
| 2 | 2 | $85,000 | |
| 3 | 1 | $90,000 | |
| 4 | 1 | $10,000 | |
| 5 | 1 | $100,000 | |
| 6 | 1 | $297,000 | |
| 7 | 1 | $828,000 | |
| 8 | 1 | $334,000 |
Recent SBA 7(a) approvals for Fuel Dealers in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2023-01 | JPMorgan Chase Bank, National Association | Lik*****Inc | CADILLAC, MI | $100,000 |
| 2022-06 | Cross River Bank | Tim*****LLC | STURGIS, MI | $2,000,000 |
| 2022-06 | Cross River Bank | Tim*****LLC | STURGIS, MI | $1,000,000 |
| 2021-08 | Newtek Small Business Finance, Inc. | GRA*****LLC | ANN ARBOR, MI | $334,000 |
| 2021-08 | The Huntington National Bank | Oak*****ing | Troy, MI | $150,000 |
| 2021-06 | UniBank | Rom*****icz | Northville, MI | $297,000 |
| 2021-05 | CDC Small Business Finance Corp. | The*****LLC | Harper Woods, MI | $90,000 |
| 2021-02 | The Huntington National Bank | K &*****nc. | Mattawan, MI | $250,000 |
| 2021-02 | United Midwest Savings Bank National Association | TDA*****LLC | GOODRICH, MI | $80,000 |
| 2021-02 | IncredibleBank | Lit*****LLC | DAVISBURG, MI | $828,000 |
| 2020-05 | The Huntington National Bank | Dav*****LLC | Haslett, MI | $20,000 |
| 2020-03 | Wells Fargo Bank National Association | ZG *****LLC | WILLIAMSTON, MI | $10,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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