SBA Loans for Motor Vehicle Towing in Michigan: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
19
in Michigan
Median Loan Size
$100,000
per approval
Recent Activity
3
last 90 days through Nov 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 19 approvals on record and a median loan size of $100,000.
Key trends & insights
- Motor Vehicle Towing in Michigan lending is concentrated — THE Huntington National Bank, Citizens Bank, National Association, Newtek Small Business Finance, INC. together account for 74% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 8 approvals (42% market share) and a median loan of $69,100.
- Motor Vehicle Towing in Michigan loans skew smaller than the SBA average at $100,000 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 Motor Vehicle Towing in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 8 | $69,100 | |
| 2 | 4 | $590,000 | |
| 3 | 2 | $525,000 | |
| 4 | 2 | $74,350 | |
| 5 | 1 | $455,000 | |
| 6 | 1 | $200,000 | |
| 7 | 1 | $212,100 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | The Huntington National Bank | JOE*****INC | DETROIT, MI | $100,000 |
| 2025-11 | The Huntington National Bank | MMJ*****LLC | HOLLAND, MI | $36,000 |
| 2025-11 | The Huntington National Bank | Bob*****Inc | DETROIT, MI | $50,000 |
| 2025-11 | The Huntington National Bank | Bob*****Inc | DETROIT, MI | $50,000 |
| 2025-11 | The Huntington National Bank | LOR*****LLC | STERLING HEIGHTS, MI | $59,300 |
| 2025-11 | The Huntington National Bank | LOR*****LLC | STERLING HEIGHTS, MI | $59,300 |
| 2025-11 | The Huntington National Bank | LOR*****LLC | STERLING HEIGHTS, MI | $95,000 |
| 2025-07 | The Huntington National Bank | Phi*****LLC | Houghton Lake, MI | $1,434,000 |
| 2025-04 | The Huntington National Bank | Sta*****LLC | LANSING, MI | $138,800 |
| 2025-04 | Lake Trust CU | M &*****LLC | ROMULUS, MI | $200,000 |
| 2025-02 | Northeast Bank | Top*****Inc | Whitmore Lake, MI | $50,000 |
| 2024-12 | The Huntington National Bank | One*****LLC | HENDERSON, MI | $150,000 |
| 2024-12 | The Huntington National Bank | El***inc | DEARBORN, MI | $25,000 |
| 2024-12 | Lendistry SBLC, LLC | THE*****NC. | Dearborn Heights, MI | $127,700 |
| 2024-12 | PFCU | Shi*****LLC | Durand, MI | $100,000 |
| 2024-11 | JPMorgan Chase Bank, National Association | Lea*****Llc | GRAND RAPIDS, MI | $190,000 |
| 2024-08 | Independent Bank | Har*****LLC | COOPERSVILLE, MI | $3,315,200 |
| 2024-06 | The Huntington National Bank | S &*****LLC | GRAND RAPIDS, MI | $25,000 |
| 2024-04 | PNC Bank, National Association | BIG*****NC. | HOWELL, MI | $250,000 |
| 2024-03 | The Huntington National Bank | ANR*****LLC | BANCROFT, MI | $120,000 |
| 2024-02 | The Huntington National Bank | SeA*****LLC | YPSILANTI, MI | $30,000 |
| 2024-01 | The Huntington National Bank | SOL*****ION | SOUTHFIELD, MI | $53,000 |
| 2024-01 | Northeast Bank | 45 *****LLC | CORUNNA, MI | $50,000 |
| 2024-01 | The Huntington National Bank | SKY*****LLC | DEARBORN HEIGHTS, MI | $90,000 |
| 2024-01 | The Huntington National Bank | Del*****LLC | GRAND RAPIDS, MI | $100,000 |
| 2023-12 | Bank of America, National Association | All*****LLC | GROSSE POINTE WOODS, MI | $212,100 |
| 2023-09 | Newtek Bank, National Association | E-R*****LLC | SAINT CLAIR SHORES, MI | $350,000 |
| 2023-09 | The Huntington National Bank | EAG*****LLC | Wyoming, MI | $25,000 |
| 2023-08 | The Huntington National Bank | GRA*****LLC | GRANDVILLE, MI | $150,000 |
| 2023-06 | First National Bank & Trust Co | Wat*****LLC | CASPIAN, MI | $25,000 |
| 2023-06 | First National Bank & Trust Co | Wat*****LLC | Caspian, MI | $123,700 |
| 2022-11 | The Huntington National Bank | Jam*****ord | Grand Rapids, MI | $50,000 |
| 2022-09 | The Huntington National Bank | M1**LLC | Kenockee, MI | $25,000 |
| 2022-09 | The Huntington National Bank | M1**LLC | Kenockee, MI | $352,000 |
| 2022-08 | The Huntington National Bank | Goo*****LLC | New Baltimore, MI | $88,000 |
| 2022-08 | The Huntington National Bank | Spa*****ion | Lansing, MI | $252,000 |
| 2022-07 | The Huntington National Bank | Ame*****nc. | Lansing, MI | $252,000 |
| 2022-06 | The Huntington National Bank | Tru*****LLC | Canton, MI | $10,000 |
| 2022-06 | 1st Source Bank | CLI*****LLC | SAINT JOSEPH, MI | $100,000 |
| 2022-04 | Newtek Small Business Finance, Inc. | ROY*****LLC | CANTON, MI | $50,000 |
| 2022-04 | The Huntington National Bank | Gre*****LLC | Caledonia, MI | $250,000 |
| 2022-03 | ELGA Credit Union | The*****ted | Flint, MI | $262,700 |
| 2022-02 | KeyBank National Association | Abe*****LLC | Ann Arbor, MI | $50,000 |
| 2022-02 | Newtek Small Business Finance, Inc. | J.D*****LLC | YPSILANTI, MI | $1,000,000 |
| 2022-01 | The Huntington National Bank | G&R*****ion | Detroit, MI | $150,000 |
| 2021-12 | Michigan First Credit Union | Jal*****LLC | Allen Park, MI | $536,200 |
| 2021-10 | The Huntington National Bank | Far*****LLC | Holland, MI | $60,000 |
| 2021-08 | The Huntington National Bank | Far*****LLC | Holland, MI | $184,800 |
| 2021-08 | 1st Source Bank | FL**LLC | KALAMAZOO, MI | $585,000 |
| 2021-05 | The Huntington National Bank | RR *****LLC | ALLEN PARK, MI | $50,200 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet