SBA Loans for Securities Brokerage in Michigan: Top Lenders
NAICS 523NAICS 523 covers securities brokerage businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
13
in Michigan
Median Loan Size
$300,000
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 523 covers securities brokerage businesses. This is a smaller category in SBA 7(a) lending with 13 approvals on record and a median loan size of $300,000.
Key trends & insights
- Securities Brokerage in Michigan lending is concentrated — THE Huntington National Bank, Live OAK Banking Company, First Internet Bank OF India, National Association together account for 69% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 4 approvals (31% market share) and a median loan of $147,500.
Most active SBA lenders for Securities Brokerage in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 4 | $147,500 | |
| 2 | 4 | $1,062,500 | |
| 3 | 1 | $1,408,000 | |
| 4 | 1 | $250,000 | |
| 5 | 1 | $250,000 | |
| 6 | 1 | $200,000 | |
| 7 | 1 | $300,000 |
Recent SBA 7(a) approvals for Securities Brokerage in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | Live Oak Banking Company | Ale*****ter | MILFORD, MI | $900,000 |
| 2024-10 | The Huntington National Bank | Bri*****nc. | SAINT JOSEPH, MI | $95,000 |
| 2024-07 | Live Oak Banking Company | Dav*****LLC | SHELBY TOWNSHIP, MI | $330,000 |
| 2024-06 | The Huntington National Bank | RA *****LLC | GRAND RAPIDS, MI | $25,000 |
| 2024-06 | Horizon Bank | Gas*****nc. | KALAMAZOO, MI | $250,000 |
| 2024-04 | Byline Bank | IND*****LLC | MUSKEGON, MI | $228,000 |
| 2024-02 | Oxford Bank | A2 *****LLC | ANN ARBOR, MI | $200,000 |
| 2023-07 | Grand River Bank | Fam*****nc. | Grand Rapids, MI | $250,000 |
| 2022-08 | The Huntington National Bank | Spi*****ial | EAST LANSING, MI | $200,000 |
| 2021-12 | The Huntington National Bank | Leg*****Inc | Grand Blanc, MI | $936,000 |
| 2021-11 | First Internet Bank of Indiana | Bri*****LLC | GRAWN, MI | $1,408,000 |
| 2020-11 | Byline Bank | Ver*****LLC | ROYAL OAK, MI | $300,000 |
| 2020-02 | Live Oak Banking Company | Str*****LLC | TROY, MI | $4,750,000 |
| 2020-01 | Live Oak Banking Company | VCP*****nc. | NOVI, MI | $1,225,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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