SBA Loans for NAICS 532 in Michigan: Top Lenders
NAICS 532NAICS 532 covers passenger car rental businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
9
in Michigan
Median Loan Size
$150,000
per approval
Recent Activity
2
last 90 days through Aug 2025
NAICS 532 covers passenger car rental businesses. This is a smaller category in SBA 7(a) lending with 9 approvals on record and a median loan size of $150,000.
Key trends & insights
- NAICS 532 in Michigan lending is concentrated — THE Huntington National Bank, PNC Bank, National Association, Comerica Bank together account for 78% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 5 approvals (56% market share) and a median loan of $100,000.
- NAICS 532 in Michigan loans skew smaller than the SBA average at $150,000 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 NAICS 532 in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 5 | $100,000 | |
| 2 | 1 | $510,000 | |
| 3 | 1 | $1,097,900 | |
| 4 | 1 | $150,000 | |
| 5 | 1 | $50,000 |
Recent SBA 7(a) approvals for NAICS 532 in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | The Huntington National Bank | TRB*****LLC | SAINT JOSEPH, MI | $1,627,200 |
| 2025-08 | The Huntington National Bank | TRB*****LLC | SAINT JOSEPH, MI | $100,000 |
| 2025-05 | 1st State Bank | Mid*****LLC | REESE, MI | $250,000 |
| 2024-11 | Comerica Bank | Ren*****Inc | SYLVAN LAKE, MI | $1,097,900 |
| 2024-04 | BayFirst National Bank | S&R*****LLC | HIGHLAND, MI | $150,000 |
| 2024-02 | The Huntington National Bank | Sma*****LLC | STANWOOD, MI | $100,000 |
| 2023-08 | Newtek Bank, National Association | Urb*****LLC | DETROIT, MI | $50,000 |
| 2023-05 | The Huntington National Bank | PAP*****LLC | Commerce Twp, MI | $100,000 |
| 2023-02 | Oxford Bank | The*****LLC | Oxford, MI | $561,000 |
| 2022-08 | The Huntington National Bank | STA*****LLC | ROMULUS, MI | $250,000 |
| 2021-08 | PNC Bank, National Association | LEW*****ANY | EASTPOINTE, MI | $510,000 |
| 2020-03 | Newtek Small Business Finance, Inc. | TOM****NC. | SAGINAW, MI | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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