SBA Loans for Trucking & Transportation in Michigan
Since fiscal year 2021, at least 62 lenders made 1,409 SBA loans to Trucking & Transportation businesses in Michigan. These are the most active, based on public SBA data.
Most active SBA lenders for Trucking & Transportation in Michigan
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 1,174 | $168,791 | 26% | 7(a), Express |
| 2 | ChoiceOne Bank Sparta, MI | 20 | $647,166 | 32% | 7(a), Express |
| 3 | Northeast Bank Lewiston, ME | 19 | $147,807 | 7% | 7(a) |
| 4 | Fifth Third Bank Cincinnati, OH | 19 | $596,363 | 18% | 7(a), Express |
| 5 | KeyBank National Association Cleveland, OH | 12 | $412,081 | 66% | 7(a), Express |
| 6 | Lendistry SBLC, LLC Los Angeles, CA | 10 | $212,556 | 0% | 7(a) |
| 7 | Readycap Lending, LLC Berkeley Heights, NJ | 10 | $302,754 | 14% | 7(a), Express |
| 8 | Horizon Bank Michigan City, IN | 9 | $431,485 | 36% | 7(a), Express |
| 9 | JPMorgan Chase Bank, National Association Columbus, OH | 7 | $341,020 | 13% | 7(a), Express |
| 10 | Oxford Bank Oxford, MI | 7 | $447,105 | 38% | 7(a), Express |
Related guide: Trucking Business Loans
Other industries in Michigan
- Construction1,896 loans
- Retail Stores1,621 loans
- Restaurants & Lodging1,561 loans
- Personal Services & Repair1,247 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 Trucking & Transportation businesses in Michigan?
Based on public SBA data, the most active were The Huntington National Bank, ChoiceOne Bank, Northeast Bank.
How many SBA loans did Trucking & Transportation businesses get in Michigan?
1,409 SBA loans since fiscal year 2021, from at least 62 different lenders.
Which SBA loan fits a Trucking & Transportation 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.