SBA Loans for Child Day Care Services in Michigan: Top Lenders
NAICS 624NAICS 624 covers child day care services businesses in Michigan. Based on historical SBA 7(a) lending data.
Total Approvals
34
in Michigan
Median Loan Size
$183,000
per approval
Recent Activity
0
last 90 days through May 2025
NAICS 624 covers child day care services businesses. This is a smaller category in SBA 7(a) lending with 34 approvals on record and a median loan size of $183,000.
Key trends & insights
- Child Day Care Services in Michigan lending is concentrated — THE Huntington National Bank, Choiceone Bank, 1ST State Bank together account for 65% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 15 approvals (44% market share) and a median loan of $50,000.
- Child Day Care Services in Michigan loans skew smaller than the SBA average at $183,000 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 Child Day Care Services in Michigan
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 15 | $50,000 | |
| 2 | 5 | $816,500 | |
| 3 | 2 | $155,000 | |
| 4 | 1 | $439,000 | |
| 5 | 1 | $78,300 | |
| 6 | 1 | $500,000 | |
| 7 | 1 | $50,000 | |
| 8 | 1 | $130,000 | |
| 9 | 1 | $4,140,000 | |
| 10 | 1 | $350,000 | |
| 11 | 1 | $923,300 | |
| 12 | 1 | $657,500 | |
| 13 | 1 | $500,000 | |
| 14 | 1 | $730,000 | |
| 15 | 1 | $275,000 |
Recent SBA 7(a) approvals for Child Day Care Services in Michigan
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-05 | JPMorgan Chase Bank, National Association | Kid*****LLC | DETROIT, MI | $500,000 |
| 2025-05 | The Huntington National Bank | Ear*****LLC | SOUTHFIELD, MI | $73,900 |
| 2025-03 | PNC Bank, National Association | SQU*****LLC | ANN ARBOR, MI | $730,000 |
| 2024-11 | ChoiceOne Bank | Can*****LLC | CANTON, MI | $4,300,000 |
| 2024-11 | The Huntington National Bank | Tri*****att | SAGINAW, MI | $24,000 |
| 2024-11 | ChoiceOne Bank | Can*****LLC | CANTON, MI | $240,000 |
| 2024-08 | The Huntington National Bank | NEN*****INC | LIVONIA, MI | $717,500 |
| 2024-08 | The Huntington National Bank | Nen*****LLC | LIVONIA, MI | $50,000 |
| 2024-03 | The Huntington National Bank | Mic***** PC | SAGINAW, MI | $10,000 |
| 2024-02 | ChoiceOne Bank | Gre*****LLC | CLAWSON, MI | $500,000 |
| 2024-02 | Michigan Schools and Government Credit Union | Ear*****LLC | Southfield, MI | $439,000 |
| 2024-01 | The Huntington National Bank | Kid*****LLC | EASTPOINTE, MI | $45,000 |
| 2023-12 | Northeast Bank | APP*****LLC | SOUTHGATE, MI | $50,000 |
| 2023-12 | The Huntington National Bank | You*****LLC | GRAND BLANC, MI | $150,000 |
| 2023-08 | First Children's Finance | One*****LLC | Warren, MI | $130,000 |
| 2023-08 | Live Oak Banking Company | Eve*****nc. | GAYLORD, MI | $500,000 |
| 2023-08 | The Huntington National Bank | Lum*****LLC | St. Clair Shores, MI | $50,000 |
| 2023-08 | The Huntington National Bank | Lum*****LLC | St. Clair Shores, MI | $325,000 |
| 2023-05 | Wildfire CU | Kac*****LLC | Saint Charles, MI | $78,300 |
| 2022-11 | The Huntington National Bank | Kei****ake | Madison Heights, MI | $125,000 |
| 2022-10 | 1st State Bank | Rea*****nc. | AUBURN, MI | $166,000 |
| 2022-10 | 1st State Bank | Rea*****nc. | AUBURN, MI | $144,000 |
| 2022-10 | The Huntington National Bank | Eas*****LLC | Ann Arbor, MI | $70,000 |
| 2022-08 | The Huntington National Bank | The*****LLC | Kalamazoo, MI | $100,000 |
| 2022-08 | The Huntington National Bank | The*****LLC | Kalamazoo, MI | $25,000 |
| 2022-08 | Bank of America, National Association | Mro*****LLC | GARDEN CITY, MI | $923,300 |
| 2022-08 | ChoiceOne Bank | Gre*****LLC | MADISON HEIGHTS, MI | $816,500 |
| 2022-08 | Banesco USA | Lil*****LLC | DETROIT, MI | $350,000 |
| 2022-05 | BayFirst National Bank | TRU*****LLC | GRAND RAPIDS, MI | $275,000 |
| 2021-08 | The Huntington National Bank | Kid*****.C. | WEST BLOOMFIELD, MI | $200,000 |
| 2021-08 | Horizon Bank | AT**LLC | KALAMAZOO, MI | $657,500 |
| 2021-08 | ChoiceOne Bank | She*****LLC | SHELBY TOWNSHIP, MI | $1,710,000 |
| 2021-08 | The Huntington National Bank | A B*****ion | FLINT, MI | $10,000 |
| 2021-05 | The Huntington National Bank | LAK*****INC | SAUGATUCK, MI | $10,000 |
| 2020-11 | US Eagle FCU | Pre*****LLC | Rochester, MI | $4,140,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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