SBA Loans for Personal Services & Repair in Michigan
Since fiscal year 2021, at least 131 lenders made 1,247 SBA loans to Personal Services & Repair businesses in Michigan. These are the most active, based on public SBA data.
Most active SBA lenders for Personal Services & Repair in Michigan
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 609 | $168,791 | 26% | 7(a), Express |
| 2 | Fifth Third Bank Cincinnati, OH | 44 | $596,363 | 18% | 7(a), Express |
| 3 | Newtek Bank, National Association Miami, FL | 37 | $422,370 | 15% | 7(a), Express |
| 4 | ChoiceOne Bank Sparta, MI | 34 | $647,166 | 32% | 7(a), Express |
| 5 | Live Oak Banking Company Wilmington, NC | 31 | $1,334,820 | 21% | 7(a), Express |
| 6 | Readycap Lending, LLC Berkeley Heights, NJ | 24 | $302,754 | 14% | 7(a), Express |
| 7 | Northeast Bank Lewiston, ME | 23 | $147,807 | 7% | 7(a) |
| 8 | Newtek Small Business Finance, Inc. Lake Success, NY | 19 | $702,296 | 21% | 7(a), Express |
| 9 | Celtic Bank Corporation Salt Lake City, UT | 19 | $602,244 | 19% | 7(a) |
| 10 | KeyBank National Association Cleveland, OH | 16 | $412,081 | 66% | 7(a), Express |
Related guide: Loans for Salons and Barbershops
Other industries in Michigan
- Construction1,896 loans
- Retail Stores1,621 loans
- Restaurants & Lodging1,561 loans
- Trucking & Transportation1,409 loans
- Health Care1,068 loans
- Professional Services922 loans
- Manufacturing907 loans
- Cleaning, Landscaping & Admin739 loans
Frequently asked questions
Which lenders make the most SBA loans to Personal Services & Repair businesses in Michigan?
Based on public SBA data, the most active were The Huntington National Bank, Fifth Third Bank, Newtek Bank, National Association.
How many SBA loans did Personal Services & Repair businesses get in Michigan?
1,247 SBA loans since fiscal year 2021, from at least 131 different lenders.
Which SBA loan fits a Personal Services & Repair 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.