{"citation":"SBA loans to finish carpentry and cabinet installers in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/finish-carpentry-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/finish-carpentry-contractors/michigan/","title":"SBA loans to finish carpentry and cabinet installers 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":"238350","name":"Finish Carpentry Contractors","url":"/industries/finish-carpentry-contractors/"},"loans":59,"dollars_approved":7307000,"measures":{"share_of_all_loans_pct":{"state":0.449,"national":0.346,"reading":"No clear gap"},"median_loan":{"state":50000,"national":99000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":22500,"p75":125500},"national":{"p25":30000,"p75":229650}},"startup_pct":{"state":null,"national":9.9,"reading":"n/a"},"new_pct":{"state":8.5,"national":15.6,"reading":"No clear gap"},"existing_pct":{"state":88.1,"national":67.5,"reading":"Clearly higher"},"ownership_pct":{"state":null,"national":6.1,"reading":"n/a"},"express_pct":{"state":78.0,"national":63.8,"reading":"No clear gap"},"loc_pct":{"state":64.4,"national":48.7,"reading":"No clear gap"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.0,"national":2.75}},"clear_gaps":["existing"],"top_lenders":{"The Huntington National Bank":38,"Citizens Bank":7},"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."}}