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Automotive Body, Paint, and Interior Repair and Maintenance: SBA acquisition loans in Michigan
13 SBA-financed business acquisitions in Michigan classified as Automotive Body, Paint, and Interior Repair and Maintenance, FY2024–FY2026. Median loan $150K. See which lenders did them.
- Acquisitions financed
- 13
- Total approved
- $9.0M
- Median loan
- $150K
- Middle half of loans
- $75K to $1.0M
- Median starting rate
- 8.95%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 9 | 69% | $150K | $6.5M |
| 2 | Horizon Bank | 2 | 15% | $826K | $1.7M |
| 3 | First State Bank of Michigan | 1 | 8% | $799K | $799K |
| 4 | Highpoint Community Bank | 1 | 8% | $70K | $70K |
For comparison, the same industry nationwide: 135 loans, median $810K, median starting rate 9.50%. See Automotive Body, Paint, and Interior Repair and Maintenance in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.