SBA by industry · MI
SBA lenders for gyms and fitness businesses in Michigan
55 lenders made 197 SBA loans to gyms and fitness businesses in Michigan in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 82. The typical loan was about $210K.
- Evidence
- SBA 7(a) and 504 loans to gyms and fitness businesses in Michigan, NAICS 7139
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 55
- SBA FOIA,
- SBA loans, 36 months
- 197
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $98.7M
- SBA FOIA,
- Last 12 months
- 54
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for gyms and fitness businesses in Michigan, https://lender.report/sba-lenders-for/gyms-and-fitness/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 | 82 | $14.8M | 82 | 0 | 17 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 8 | $3.72M | 8 | 0 | 2 |
| Lake Michigan Credit Union SBA 7(a) record | Credit union | Grand Rapids, MI | 7 | $2.90M | 7 | 0 | 3 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 7 | $2.46M | 7 | 0 | 0 |
| Lafcu Credit Union SBA 7(a) record | Credit union | Lansing, MI | 6 | $2.56M | 6 | 0 | 4 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 5 | $5.29M | 5 | 0 | 0 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 4 | $3.03M | 4 | 0 | 1 |
| ChoiceOne Bank SBA 7(a) record | Bank | Sparta, MI | 4 | $3.00M | 4 | 0 | 1 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 4 | $2.00M | 4 | 0 | 2 |
| Chelsea State Bank SBA 7(a) record | Bank | Chelsea, MI | 3 | $3.75M | 3 | 0 | 3 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 3 | $1.47M | 3 | 0 | 2 |
| CDC Small Business Finance Corp. SBA 7(a) record | Non-bank | San Diego, CA | 3 | $530K | 3 | 0 | 1 |
| First Internet Bank of Indiana SBA 7(a) record | Bank | Fishers, IN | 2 | $2.20M | 2 | 0 | 0 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 2 | $1.82M | 2 | 0 | 1 |
| Consumers Credit Union SBA 504 record | Credit union | Oshtemo, MI | 2 | $1.46M | 0 | 2 | 0 |
| PFCU Credit Union SBA 7(a) record | Credit union | Portland, MI | 2 | $680K | 2 | 0 | 0 |
| Highpoint Community Bank SBA 7(a) record | Bank | Hastings, MI | 2 | $540K | 2 | 0 | 1 |
| The Dart Bank SBA 7(a) record | Bank | Mason, MI | 2 | $520K | 1 | 1 | 1 |
| Magnifi Financial Credit Union SBA 7(a) record | Credit union | Melrose, MN | 2 | $490K | 2 | 0 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 2 | $100K | 2 | 0 | 0 |
| PNC Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 2 | $45.0K | 2 | 0 | 0 |
| Everwise Credit Union SBA 7(a) record | Credit union | South Bend, IN | 1 | $5.00M | 1 | 0 | 1 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 1 | $4.40M | 1 | 0 | 1 |
| Bank of Ann Arbor SBA 7(a) record | Bank | Ann Arbor, MI | 1 | $3.30M | 1 | 0 | 0 |
| United Credit Union SBA 7(a) record | Credit union | St Joseph, MI | 1 | $2.10M | 1 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Fitness and Recreational Sports Centers | 96 |
| All Other Amusement and Recreation Industries | 70 |
| Bowling Centers | 16 |
| Golf Courses and Country Clubs | 11 |
| Marinas | 2 |
| Loan size | Loans |
|---|---|
| Under $150K | 69 |
| $150K to $350K | 48 |
| $350K to $1M | 50 |
| $1M to $2.5M | 18 |
| $2.5M or more | 5 |
- SBA lenders recorded 197 loans to gyms and fitness businesses totaling $98.7M in Michigan in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $210K, with the middle half between $50K and $510K. SBA FOIA,
- 186 were SBA 7(a) loans and 4 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.00% on 186 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 151 of the loans, credit unions 27, and non-banks 10. SBA FOIA,
- The five most active lenders made 55.8% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 82, Fifth Third Bank, National Association with 8, and Horizon Bank with 7. SBA FOIA,
- 69 of the loans were under $150K, and 23 were $1M or more. SBA FOIA,
- 9 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 54 approvals of these loans dated in the 12 months to September 30, 2026, versus 73 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 23 of the 55 lenders are based in Michigan. The rest are based elsewhere, most often in Indiana, Ohio and California. SBA FOIA,
- The most common detailed industry in Michigan was Fitness and Recreational Sports Centers, with 96 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to gyms and fitness businesses 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 7139.
- 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.