SBA Loans for Scheduled Passenger Air Transportation in Michigan: Top Lenders
NAICS 481NAICS 481 covers scheduled passenger air transportation businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Michigan
Median Loan Size
$40,400
per approval
Recent Activity
0
last 90 days through Oct 2021
NAICS 481 covers scheduled passenger air transportation businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $40,400.
Key trends & insights
- Scheduled Passenger Air Transportation in Michigan loans skew smaller than the SBA average at $40,400 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 2021-10-05 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Scheduled Passenger Air Transportation in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $32,700 | |
| 2 | 1 | $2,175,000 |
Recent SBA 7(a) approvals for Scheduled Passenger Air Transportation in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2021-10 | The Huntington National Bank | Fre*****NC. | Dearborn Heights, MI | $40,400 |
| 2021-10 | The Huntington National Bank | Fre*****NC. | Dearborn Heights, MI | $25,000 |
| 2020-11 | Comerica Bank | MCM*****INC | Canton, MI | $2,175,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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