SBA lending data · fiscal year 2025
20 lenders funded snack and nonalcoholic beverage bars in Michigan last year
35 SBA 7(a) loans approved under NAICS 722515. Median approval $324,000, median term 120 months, median initial rate 9.75%.
What was actually approved
Half of all approvals in this industry and state fell between $100,000 and $495,000. 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 Bank11 loans · $3M
- 2Newtek Bank, National Association3 loans · $0.7M
- 3Alliance Catholic CU3 loans · $1M
- 4First Bank of the Lake2 loans · $1M
- 5Honor CU1 loan · $0.2M
- 6Wilmington Savings Fund Society FSB1 loan · $0.7M
- 7The Dart Bank1 loan · $0.8M
- 8Community Choice CU1 loan · $0.3M
- 9Shoreham Bank1 loan · $0.1M
- 10Happen Bank1 loan · $0.6M
- 11ChoiceOne Bank1 loan · $0.5M
- 12Horizon Bank1 loan · $0.1M
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 | 37 | 13 | $119,000 |
| FY2024 | 44 | 15 | $125,000 |
| FY2025 | 35 | 20 | $324,000 |
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
- Limited-Service Restaurants · 93 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
Snack and Nonalcoholic Beverage Bars in other states
Your plan can name these lenders
Every plan we build pulls this same data for your state and industry, positions your request against the real distribution of approvals, and computes the coverage ratio your deal is actually held to.
See your free preview