SBA Loans for Financial Transactions Processing in Michigan: Top Lenders
NAICS 522NAICS 522 covers financial transactions processing, reserve, and clearinghouse activiti businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Michigan
Median Loan Size
$350,000
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 522 covers financial transactions processing, reserve, and clearinghouse activiti businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $350,000.
Key trends & insights
- Financial Transactions Processing in Michigan lending is concentrated — Readycap Lending, LLC, Bayfirst National Bank, First Merchants Bank together account for 60% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Readycap Lending, LLC leads this industry with 1 approvals (20% market share) and a median loan of $350,000.
Most active SBA lenders for Financial Transactions Processing in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $350,000 | |
| 2 | 1 | $150,000 | |
| 3 | 1 | $50,000 | |
| 4 | 1 | $675,000 | |
| 5 | 1 | $1,500,000 |
Recent SBA 7(a) approvals for Financial Transactions Processing in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | DFCU Financial | Mit*****LLC | TRENTON, MI | $675,000 |
| 2024-08 | BayFirst National Bank | F5 *****LLC | TRAVERSE CITY, MI | $150,000 |
| 2024-01 | First Merchants Bank | MCC*****LLC | FARMINGTON HILLS, MI | $50,000 |
| 2023-11 | Newtek Bank, National Association | Ch**deo | CANTON, MI | $1,500,000 |
| 2022-04 | Readycap Lending, LLC | F5 *****LLC | Traverse City, MI | $350,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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