{"citation":"SBA loans to specialty professional and technical service firms in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/all-other-professional-scientific-technical-services/michigan/ Source: SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/industries/all-other-professional-scientific-technical-services/michigan/","title":"SBA loans to specialty professional and technical service firms in Michigan","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"}],"data":{"window":{"id":"all","from":"2019-10-01","to":"2026-06-30"},"state":{"code":"MI","name":"Michigan"},"industry":{"naics":"541990","name":"All Other Professional, Scientific, and Technical Services","url":"/industries/all-other-professional-scientific-technical-services/"},"loans":80,"dollars_approved":35772700,"measures":{"share_of_all_loans_pct":{"state":0.608,"national":0.815,"reading":"No clear gap"},"median_loan":{"state":150000,"national":200000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":75000,"p75":388875},"national":{"p25":77900,"p75":468000}},"startup_pct":{"state":7.5,"national":4.2,"reading":"No clear gap"},"new_pct":{"state":13.8,"national":9.8,"reading":"No clear gap"},"existing_pct":{"state":68.8,"national":73.8,"reading":"No clear gap"},"ownership_pct":{"state":8.8,"national":11.2,"reading":"No clear gap"},"express_pct":{"state":47.5,"national":34.1,"reading":"No clear gap"},"loc_pct":{"state":47.5,"national":27.2,"reading":"Clearly higher"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.25,"national":2.75}},"clear_gaps":["loc"],"top_lenders":{"The Huntington National Bank":42},"note":"Null means fewer than 5 loans. Loans SBA approved only: the file has no denials. Spread over Prime is the rate at approval minus Prime that day, not today's rate."}}