SBA lending data · fiscal year 2025

16 lenders funded all other amusement and recreation industries in Michigan last year

33 SBA 7(a) loans approved under NAICS 713990. Median approval $150,000, median term 120 months, median initial rate 10.25%.

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What was actually approved

33
loans approved
16
distinct lenders
$50k
25th percentile
$350k
75th percentile

Half of all approvals in this industry and state fell between $50,000 and $350,000. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.

The most active lenders

Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.

  1. 1The Huntington National Bank15 loans · $2M
  2. 2Newtek Bank, National Association3 loans · $1.4M
  3. 3Northeast Bank2 loans · $0.1M
  4. 4Bank of Ann Arbor1 loan · $3.3M
  5. 5CDC Small Business Finance Corp.1 loan · $0.2M
  6. 6Community Choice CU1 loan · $0.5M
  7. 7Lake Michigan CU1 loan · $0.3M
  8. 81st Source Bank1 loan · $0.1M
  9. 9Stearns Bank National Association1 loan · $0.3M
  10. 10Omni Community Credit Union1 loan · $0.3M
  11. 11PNC Bank, National Association1 loan · $0M
  12. 12Celtic Bank Corporation1 loan · $0M

This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.

Is this industry getting easier or harder to finance?

Fiscal yearLoansLendersMedian approval
FY2023288$313,900
FY2024158$50,000
FY20253316$150,000

Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.

Where this comes from

The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.

This page reports approvals. It says nothing about how many applications were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.

Other industries in Michigan

All Other Amusement and Recreation Industries in other states

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