SBA Loans for General Warehousing and Storage in Michigan: Top Lenders
NAICS 493NAICS 493 covers general warehousing and storage businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
2
in Michigan
Median Loan Size
$928,500
per approval
Recent Activity
0
last 90 days through Jun 2023
NAICS 493 covers general warehousing and storage businesses. This is a smaller category in SBA 7(a) lending with 2 approvals on record and a median loan size of $928,500.
Key trends & insights
- General Warehousing and Storage in Michigan loans run larger than the SBA average — a $928,500 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2023-06-30 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for General Warehousing and Storage in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $300,000 | |
| 2 | 1 | $1,557,000 |
Recent SBA 7(a) approvals for General Warehousing and Storage in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2023-07 | The Huntington National Bank | Gen*****nc. | Herron, MI | $100,000 |
| 2023-06 | ChoiceOne Bank | Mon*****LLC | MONTROSE, MI | $300,000 |
| 2022-02 | Bank Five Nine | UNI*****GAN | GRAND RAPIDS, MI | $1,557,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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