Top SBA Lenders in Michigan for Retail Trade
5 SBA 7(a) lenders active in Michigan's retail trade sector.
Lenders
34 loans
Total Volume
Median Rate
State avg: Prime + 2.00%
Default Rate
State avg: 1.6%
Top Retail Trade Lenders in Michigan
Rate Distribution (Retail Trade in Michigan)
All Retail Trade Lenders in Michigan
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | United FCU | 18 | $20.0M | P+2.50% | 0.0% |
| 2 | The Huntington National Bank | 5 | $5.2M | P+2.25% | 1.5% |
| 3 | First Internet Bank of Indiana | 5 | $5.9M | P+2.75% | 1.7% |
| 4 | Centerstone SBA Lending, Inc. | 3 | $4.5M | P+2.00% | 0.9% |
| 5 | American Momentum Bank | 3 | $2.8M | P+2.25% | 1.3% |
Need more specific results?
Filter by loan size, compare rates, and narrow the list to your deal.
Customize your search →Retail Trade SBA Lending in Michigan
5 SBA 7(a) lenders are active in Michigan's retail trade sector, having originated 34 loans totaling $38.4M. The median rate for retail trade acquisitions in Michigan is Prime + 2.25%, compared to the statewide median of Prime + 2.00%.
The 10-year cumulative default rate for this niche is 1.4%, which is below the state average of 1.6% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in retail trade in Michigan?
5 SBA 7(a) lenders have originated retail trade acquisition loans in Michigan, with a combined 34 loans.
What rate can I expect for a retail trade acquisition in Michigan?
The median rate is Prime + 2.25% (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 retail trade SBA loans in Michigan?
The 10-year cumulative default rate is 1.4%, 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.