Top SBA Lenders in Michigan for Other Services
4 SBA 7(a) lenders active in Michigan's other services sector.
Lenders
26 loans
Total Volume
Median Rate
State avg: Prime + 2.00%
Default Rate
State avg: 1.6%
Top Other Services Lenders in Michigan
Rate Distribution (Other Services in Michigan)
All Other Services Lenders in Michigan
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Horizon Bank | 8 | $4.1M | P+0.75% | 0.0% |
| 2 | Live Oak Bank | 8 | $30.7M | P+1.50% | 0.8% |
| 3 | The Huntington National Bank | 6 | $5.3M | P+2.25% | 1.5% |
| 4 | Milestone Bank | 4 | $5.5M | P+2.75% | 0.0% |
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Customize your search →Other Services SBA Lending in Michigan
4 SBA 7(a) lenders are active in Michigan's other services sector, having originated 26 loans totaling $45.6M. The median rate for other services acquisitions in Michigan is Prime + 1.88%, compared to the statewide median of Prime + 2.00%.
The 10-year cumulative default rate for this niche is 1.1%, which is below the state average of 1.6% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in other services in Michigan?
4 SBA 7(a) lenders have originated other services acquisition loans in Michigan, with a combined 26 loans.
What rate can I expect for a other services acquisition in Michigan?
The median rate is Prime + 1.88% (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 other services SBA loans in Michigan?
The 10-year cumulative default rate is 1.1%, 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.