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 |
|---|---|---|---|---|
| 2025-12 | The Huntington National Bank | EZ *****LLC | KALAMAZOO, MI | $55,000 |
| 2025-12 | The Huntington National Bank | EZ *****LLC | KALAMAZOO, MI | $25,000 |
| 2025-09 | Bank of America, National Association | Kni*****LLC | PONTIAC, MI | $186,900 |
| 2025-09 | Banc of California | Des*****LLC | Grand Rapids, MI | $4,995,500 |
| 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 |
| 2025-07 | Port 51 Lending LLC | Cha*****nc. | Grand Rapids, MI | $1,540,000 |
| 2025-06 | Old National Bank | KAD*****LLC | GRAND RAPIDS, MI | $100,000 |
| 2025-06 | Old National Bank | KAD*****LLC | GRAND RAPIDS, MI | $1,371,000 |
| 2025-06 | Live Oak Banking Company | RMC*****LLC | PAW PAW, MI | $857,000 |
| 2025-06 | Live Oak Banking Company | RMC*****LLC | PAW PAW, MI | $50,000 |
| 2025-05 | 1st State Bank | Mid*****LLC | REESE, MI | $250,000 |
| 2025-04 | Horizon Bank | May*****LLC | THREE RIVERS, MI | $150,000 |
| 2025-04 | Northern Great Lakes Initiatives | Pen*****LLC | Marquette, MI | $60,000 |
| 2025-03 | The Huntington National Bank | Unl*****LLC | WEST BLOOMFIELD, MI | $20,000 |
| 2025-03 | The Huntington National Bank | Unl*****LLC | WEST BLOOMFIELD, MI | $100,000 |
| 2025-02 | Readycap Lending, LLC | WB *****LLC | ROSEVILLE, MI | $500,000 |
| 2024-11 | Comerica Bank | Ren*****Inc | SYLVAN LAKE, MI | $1,097,900 |
| 2024-09 | The Huntington National Bank | Dre*****LLC | SOUTHFIELD, MI | $49,900 |
| 2024-07 | Old National Bank | CW *****LLC | TRAVERSE CITY, MI | $1,866,900 |
| 2024-07 | Old National Bank | CW *****LLC | TRAVERSE CITY, MI | $100,000 |
| 2024-05 | The Huntington National Bank | ADV*****LLC | NEWAYGO, MI | $20,900 |
| 2024-05 | The Huntington National Bank | ADV*****LLC | NEWAYGO, MI | $22,900 |
| 2024-04 | BayFirst National Bank | S&R*****LLC | HIGHLAND, MI | $150,000 |
| 2024-02 | The Huntington National Bank | Sma*****LLC | STANWOOD, MI | $100,000 |
| 2023-09 | ChoiceOne Bank | She*****LLC | FENTON, MI | $450,000 |
| 2023-08 | Everwise Credit Union | MIC*****NC. | NILES, MI | $1,650,000 |
| 2023-08 | Newtek Bank, National Association | Urb*****LLC | DETROIT, MI | $50,000 |
| 2023-06 | Chelsea State Bank | Blu***** LL | CHELSEA, MI | $100,000 |
| 2023-05 | The Huntington National Bank | PAP*****LLC | Commerce Twp, MI | $100,000 |
| 2023-03 | The Huntington National Bank | BID****INC | East Jordan, MI | $33,000 |
| 2023-02 | Oxford Bank | The*****LLC | Oxford, MI | $561,000 |
| 2023-02 | The Huntington National Bank | A C*****nc. | Okemos, MI | $256,000 |
| 2022-11 | The Huntington National Bank | Act*****td. | Warren, MI | $100,000 |
| 2022-10 | Oxford Bank | KR *****.C. | Royal Oak, MI | $1,000,000 |
| 2022-09 | Oxford Bank | KR *****.C. | TROY, MI | $100,000 |
| 2022-08 | The Huntington National Bank | STA*****LLC | ROMULUS, MI | $250,000 |
| 2022-07 | Citizens National Bank of Cheboygan | Har*****LLC | Harbor Springs, MI | $475,600 |
| 2022-02 | ChoiceOne Bank | A J*****LLP | FENTON, MI | $25,000 |
| 2022-02 | West Shore Bank | Up *****nc. | RAPID CITY, MI | $50,000 |
| 2022-01 | Bank Michigan | Mot*****LLC | CANTON, MI | $500,000 |
| 2021-09 | Highpoint Community Bank | CAL*****NC. | CALEDONIA, MI | $200,000 |
| 2021-09 | Highpoint Community Bank | CAL*****NC. | CALEDONIA, MI | $200,000 |
| 2021-08 | PNC Bank, National Association | LEW*****ANY | EASTPOINTE, MI | $510,000 |
| 2021-06 | The Huntington National Bank | K &*****nc. | Mio, MI | $50,000 |
| 2021-05 | National Exchange Bank and Trust | Riv*****LLC | Roscommon, MI | $458,300 |
| 2021-02 | The Huntington National Bank | The*****LLC | Detroit, MI | $15,000 |
| 2020-09 | Honor Bank | TC *****LLC | TRAVERSE CITY, MI | $900,000 |
| 2020-03 | Newtek Small Business Finance, Inc. | TOM****NC. | SAGINAW, MI | $150,000 |
| 2020-03 | The Huntington National Bank | Kno*****LLC | Belding, MI | $3,525,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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