SBA by industry · MI
SBA lenders for auto repair shops in Michigan
50 lenders made 171 SBA loans to auto repair shops in Michigan in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 62. The typical loan was about $150K.
- Evidence
- SBA 7(a) and 504 loans to auto repair shops in Michigan, NAICS 8111, excluding car washes
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 50
- SBA FOIA,
- SBA loans, 36 months
- 171
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $76.1M
- SBA FOIA,
- Last 12 months
- 42
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for auto repair shops in Michigan, https://lender.report/sba-lenders-for/auto-repair/michigan/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 62 | $14.6M | 62 | 0 | 12 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 13 | $9.13M | 13 | 0 | 3 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 8 | $8.57M | 8 | 0 | 2 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 7 | $3.58M | 7 | 0 | 1 |
| ChoiceOne Bank SBA 7(a) record | Bank | Sparta, MI | 6 | $1.25M | 6 | 0 | 1 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 5 | $796K | 5 | 0 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 5 | $352K | 5 | 0 | 1 |
| Highpoint Community Bank SBA 7(a) record | Bank | Hastings, MI | 4 | $620K | 4 | 0 | 1 |
| First Internet Bank of Indiana SBA 7(a) record | Bank | Fishers, IN | 3 | $2.83M | 3 | 0 | 3 |
| Bank Michigan SBA 7(a) record | Bank | Brooklyn, MI | 3 | $1.28M | 3 | 0 | 1 |
| Heritage Bank, Inc. SBA 7(a) record | Bank | Burlington, KY | 2 | $2.40M | 2 | 0 | 2 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 2 | $2.20M | 2 | 0 | 0 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 2 | $1.70M | 2 | 0 | 0 |
| Michigan Schools and Government Credit Union SBA 7(a) record | Credit union | Clinton Township, MI | 2 | $1.33M | 1 | 1 | 0 |
| Lake Michigan Credit Union SBA 7(a) record | Credit union | Grand Rapids, MI | 2 | $1.28M | 1 | 1 | 1 |
| United Credit Union SBA 7(a) record | Credit union | St Joseph, MI | 2 | $780K | 2 | 0 | 0 |
| PFCU Credit Union SBA 7(a) record | Credit union | Portland, MI | 2 | $454K | 2 | 0 | 1 |
| Bank of Ann Arbor SBA 7(a) record | Bank | Ann Arbor, MI | 2 | $350K | 2 | 0 | 1 |
| 4front Credit Union SBA 7(a) record | Credit union | Traverse City, MI | 2 | $270K | 2 | 0 | 1 |
| Michigan Certified Development Corporation SBA 7(a) record | Non-bank | East Lansing, MI | 2 | $260K | 2 | 0 | 0 |
| West Michigan Community Bank SBA 504 record | Bank | Hudsonville, MI | 1 | $4.60M | 0 | 1 | 0 |
| Lafcu Credit Union SBA 7(a) record | Credit union | Lansing, MI | 1 | $3.70M | 1 | 0 | 0 |
| IncredibleBank SBA 7(a) record | Bank | Wausau, WI | 1 | $1.50M | 1 | 0 | 0 |
| Banc of California SBA 7(a) record | Bank | Los Angeles, CA | 1 | $1.30M | 1 | 0 | 0 |
| Mercantile Bank SBA 504 record | Bank | Grand Rapids, MI | 1 | $1.30M | 0 | 1 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| General Automotive Repair | 91 |
| Automotive Body, Paint, and Interior Repair and Maintenance | 34 |
| All Other Automotive Repair and Maintenance | 23 |
| Automotive Glass Replacement Shops | 12 |
| Automotive Oil Change and Lubrication Shops | 7 |
| Specialized Automotive Repair | 4 |
| Loan size | Loans |
|---|---|
| Under $150K | 80 |
| $150K to $350K | 30 |
| $350K to $1M | 32 |
| $1M to $2.5M | 18 |
| $2.5M or more | 6 |
- SBA lenders recorded 171 loans to auto repair shops totaling $76.1M in Michigan in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $150K, with the middle half between $50K and $560K. SBA FOIA,
- 161 were SBA 7(a) loans and 5 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.25% on 161 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 139 of the loans, credit unions 17, and non-banks 10. SBA FOIA,
- The five most active lenders made 56.1% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 62, Newtek Bank, National Association with 13, and Live Oak Banking Company with 8. SBA FOIA,
- 80 of the loans were under $150K, and 24 were $1M or more. SBA FOIA,
- 5 of these loans were made by lenders that have since merged or closed, that the file lists under a name with no lender record here, or that the loan tape shows only at a broader industry level. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 42 approvals of these loans dated in the 12 months to September 30, 2026, versus 65 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 27 of the 50 lenders are based in Michigan. The rest are based elsewhere, most often in Ohio, Indiana and California. SBA FOIA,
- The most common detailed industry in Michigan was General Automotive Repair, with 91 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to auto repair shops in Michigan
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Michigan, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 8111, excluding car washes.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. Lenders that merged or stopped filing are left out.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.