Top SBA Lenders in Michigan for Arts & Entertainment
3 SBA 7(a) lenders active in Michigan's arts & entertainment sector.
Lenders
12 loans
Total Volume
Median Rate
State avg: Prime + 2.00%
Default Rate
State avg: 1.6%
Top Arts & Entertainment Lenders in Michigan
Rate Distribution (Arts & Entertainment in Michigan)
All Arts & Entertainment Lenders in Michigan
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Baybank | 6 | $5.4M | P+0.00% | 0.0% |
| 2 | The Bancorp Bank National Association | 3 | $990K | P+1.00% | 0.7% |
| 3 | The Huntington National Bank | 3 | $1.5M | P+2.25% | 1.8% |
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Customize your search →Arts & Entertainment SBA Lending in Michigan
3 SBA 7(a) lenders are active in Michigan's arts & entertainment sector, having originated 12 loans totaling $7.9M. The median rate for arts & entertainment acquisitions in Michigan is Prime + 1.63%, compared to the statewide median of Prime + 2.00%.
The 10-year cumulative default rate for this niche is 1.2%, which is below the state average of 1.6% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in arts & entertainment in Michigan?
3 SBA 7(a) lenders have originated arts & entertainment acquisition loans in Michigan, with a combined 12 loans.
What rate can I expect for a arts & entertainment acquisition in Michigan?
The median rate is Prime + 1.63% (Prime + spread). This compares to a statewide median of Prime + 2.00%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for arts & entertainment SBA loans in Michigan?
The 10-year cumulative default rate is 1.2%, compared to a statewide average of 1.6%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.