SBA Loans for Wholesale & Distribution in Michigan
Since fiscal year 2021, at least 56 lenders made 442 SBA loans to Wholesale & Distribution businesses in Michigan. These are the most active, based on public SBA data.
Most active SBA lenders for Wholesale & Distribution 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 | 31 | $596,363 | 18% | 7(a), Express |
| 3 | Newtek Bank, National Association Miami, FL | 18 | $422,370 | 15% | 7(a), Express |
| 4 | Northeast Bank Lewiston, ME | 15 | $147,807 | 7% | 7(a) |
| 5 | JPMorgan Chase Bank, National Association Columbus, OH | 14 | $341,020 | 13% | 7(a), Express |
| 6 | Old National Bank Evansville, IN | 9 | $1,052,402 | 29% | 7(a), Express |
| 7 | BayFirst National Bank Saint Petersburg, FL | 9 | $159,655 | 6% | 7(a) |
| 8 | University Bank Ann Arbor, MI | 9 | $581,806 | 23% | 7(a), Express |
| 9 | Independent Bank Grand Rapids, MI | 7 | $724,501 | 30% | 7(a), Express |
| 10 | Bank of America, National Association Charlotte, NC | 6 | $496,865 | 30% | 7(a), Express |
Related guide: Loans for Food Distributors
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 Wholesale & Distribution 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 Wholesale & Distribution businesses get in Michigan?
442 SBA loans since fiscal year 2021, from at least 56 different lenders.
Which SBA loan fits a Wholesale & Distribution 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.