{"citation":"SBA loans to gyms, fitness studios and recreational sports centers in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/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/fitness-recreational-sports-centers/michigan/","title":"SBA loans to gyms, fitness studios and recreational sports centers 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":"713940","name":"Fitness and Recreational Sports Centers","url":"/industries/fitness-recreational-sports-centers/"},"loans":178,"dollars_approved":57094000,"measures":{"share_of_all_loans_pct":{"state":1.354,"national":1.957,"reading":"No clear gap"},"median_loan":{"state":184250,"national":265950,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":50000,"p75":400150},"national":{"p25":75000,"p75":500000}},"startup_pct":{"state":39.9,"national":53.8,"reading":"Clearly lower"},"new_pct":{"state":13.5,"national":14.3,"reading":"No clear gap"},"existing_pct":{"state":34.3,"national":24.5,"reading":"No clear gap"},"ownership_pct":{"state":10.7,"national":6.5,"reading":"No clear gap"},"express_pct":{"state":27.0,"national":27.1,"reading":"No clear gap"},"loc_pct":{"state":21.3,"national":17.8,"reading":"No clear gap"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.25,"national":2.5}},"clear_gaps":["startup"],"top_lenders":{"The Huntington National Bank":84,"Live Oak Banking Company":9,"Horizon Bank":8,"Oxford Bank":7,"Fifth Third Bank":6},"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."}}