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Plumbing, Heating, and Air-Conditioning Contractors: SBA acquisition loans in Michigan
17 SBA-financed business acquisitions in Michigan classified as Plumbing, Heating, and Air-Conditioning Contractors, FY2024–FY2026. Median loan $830K. See which lenders did them.
- Acquisitions financed
- 17
- Total approved
- $20.4M
- Median loan
- $830K
- Middle half of loans
- $200K to $1.8M
- Median starting rate
- 9.00%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 29% | $1.3M | $5.9M |
| 2 | Old National Bank | 4 | 24% | $883K | $3.7M |
| 3 | Lake Michigan CU | 2 | 12% | $1.1M | $2.2M |
| 4 | Oxford Bank | 2 | 12% | $465K | $930K |
| 5 | Fifth Third Bank | 1 | 6% | $4.9M | $4.9M |
| 6 | Byline Bank | 1 | 6% | $2.2M | $2.2M |
| 7 | Upper Peninsula State Bank | 1 | 6% | $387K | $387K |
| 8 | Citizens Bank | 1 | 6% | $242K | $242K |
For comparison, the same industry nationwide: 429 loans, median $800K, median starting rate 9.50%. See Plumbing, Heating, and Air-Conditioning Contractors 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.