SBA lending data · fiscal year 2025
33 lenders funded limited-service restaurants in Michigan last year
93 SBA 7(a) loans approved under NAICS 722513. Median approval $281,000, median term 120 months, median initial rate 9.75%.
What was actually approved
Half of all approvals in this industry and state fell between $50,000 and $496,000. 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.
- 1The Huntington National Bank38 loans · $5.7M
- 2Oxford Bank4 loans · $1.6M
- 3Horizon Bank4 loans · $3.4M
- 4United FCU4 loans · $2.4M
- 5Community Choice CU3 loans · $2.2M
- 6TowneBank3 loans · $1.6M
- 7Fifth Third Bank3 loans · $2M
- 8KeyBank National Association3 loans · $0.8M
- 9Everwise Credit Union3 loans · $0.5M
- 10Northeast Bank2 loans · $0.1M
- 11Live Oak Banking Company2 loans · $4.1M
- 12First National Bank of Pennsylvania2 loans · $0.8M
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 year | Loans | Lenders | Median approval |
|---|---|---|---|
| FY2023 | 67 | 25 | $250,000 |
| FY2024 | 88 | 32 | $240,450 |
| FY2025 | 93 | 33 | $281,000 |
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
- Full-Service Restaurants · 127 loans
- Residential Remodelers · 78 loans
- General Freight Trucking, Local · 77 loans
- All Other Specialty Trade Contractors · 71 loans
- Landscaping Services · 69 loans
- Plumbing, Heating, and Air-Conditioning Contractors · 60 loans
- Beer, Wine, and Liquor Retailers · 50 loans
- Beauty Salons · 44 loans
Limited-Service Restaurants in other states
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