SBA Loans for Fitness & Entertainment in Michigan
Since fiscal year 2021, at least 82 lenders made 422 SBA loans to Fitness & Entertainment businesses in Michigan. These are the most active, based on public SBA data.
Most active SBA lenders for Fitness & Entertainment in Michigan
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 213 | $168,791 | 26% | 7(a), Express |
| 2 | Fifth Third Bank Cincinnati, OH | 14 | $596,363 | 18% | 7(a), Express |
| 3 | ChoiceOne Bank Sparta, MI | 12 | $647,166 | 32% | 7(a), Express |
| 4 | Horizon Bank Michigan City, IN | 12 | $431,485 | 36% | 7(a), Express |
| 5 | Oxford Bank Oxford, MI | 11 | $447,105 | 38% | 7(a), Express |
| 6 | Newtek Bank, National Association Miami, FL | 11 | $422,370 | 15% | 7(a), Express |
| 7 | Northeast Bank Lewiston, ME | 10 | $147,807 | 7% | 7(a) |
| 8 | Lake Michigan CU Grand Rapids, MI | 7 | $989,249 | 35% | 7(a), Express |
| 9 | LAF CU Lansing, MI | 6 | $709,452 | 65% | 7(a) |
| 10 | CDC Small Business Finance Corp. San Diego, CA | 6 | $114,887 | 52% | 7(a) |
Related guide: Loans for Gyms and Fitness Studios
Other industries in Michigan
- Construction1,896 loans
- Retail Stores1,621 loans
- Restaurants & Lodging1,561 loans
- Trucking & Transportation1,409 loans
- Personal Services & Repair1,247 loans
- Health Care1,068 loans
- Professional Services922 loans
- Manufacturing907 loans
Frequently asked questions
Which lenders make the most SBA loans to Fitness & Entertainment businesses in Michigan?
Based on public SBA data, the most active were The Huntington National Bank, Fifth Third Bank, ChoiceOne Bank.
How many SBA loans did Fitness & Entertainment businesses get in Michigan?
422 SBA loans since fiscal year 2021, from at least 82 different lenders.
Which SBA loan fits a Fitness & Entertainment business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.