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Other Accounting Services: SBA acquisition loans in Michigan
12 SBA-financed business acquisitions in Michigan classified as Other Accounting Services, FY2024–FY2026. Median loan $434K. See which lenders did them.
- Acquisitions financed
- 12
- Total approved
- $7.4M
- Median loan
- $434K
- Middle half of loans
- $164K to $1000K
- Median starting rate
- 8.88%
- 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 | 8 | 67% | $218K | $4.7M |
| 2 | The Farmers and Merchants State Bank | 1 | 8% | $1.1M | $1.1M |
| 3 | United Midwest Savings Bank National Association | 1 | 8% | $812K | $812K |
| 4 | Live Oak Banking Company | 1 | 8% | $619K | $619K |
| 5 | Citizens Bank, National Association | 1 | 8% | $216K | $216K |
For comparison, the same industry nationwide: 123 loans, median $614K, median starting rate 9.50%. See Other Accounting Services 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.