{"citation":"SBA loans to paving, fencing, pool and other specialty contractors in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/all-other-specialty-trade-contractors/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-specialty-trade-contractors/michigan/","title":"SBA loans to paving, fencing, pool and other specialty contractors 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":"238990","name":"All Other Specialty Trade Contractors","url":"/industries/all-other-specialty-trade-contractors/"},"loans":292,"dollars_approved":73362800,"measures":{"share_of_all_loans_pct":{"state":2.221,"national":1.661,"reading":"No clear gap"},"median_loan":{"state":100000,"national":180000,"reading":"Clearly lower"},"middle_half_of_loans":{"state":{"p25":41475,"p75":250000},"national":{"p25":57700,"p75":492000}},"startup_pct":{"state":11.3,"national":9.5,"reading":"No clear gap"},"new_pct":{"state":7.2,"national":13.3,"reading":"Clearly lower"},"existing_pct":{"state":76.4,"national":62.9,"reading":"Clearly higher"},"ownership_pct":{"state":5.1,"national":13.3,"reading":"Clearly lower"},"express_pct":{"state":68.8,"national":48.1,"reading":"Clearly higher"},"loc_pct":{"state":55.1,"national":37.2,"reading":"Clearly higher"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.0,"national":2.5}},"clear_gaps":["express","loc","mix","size","existing"],"top_lenders":{"The Huntington National Bank":195,"Fifth Third Bank":17,"JPMorgan Chase Bank":7,"Old National Bank":6,"Bank Michigan":5},"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."}}