{"citation":"SBA loans to auto repair shops in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/general-automotive-repair/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/general-automotive-repair/michigan/","title":"SBA loans to auto repair shops 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":"811111","name":"General Automotive Repair","url":"/industries/general-automotive-repair/"},"loans":201,"dollars_approved":74623400,"measures":{"share_of_all_loans_pct":{"state":1.529,"national":1.484,"reading":"No clear gap"},"median_loan":{"state":135000,"national":240400,"reading":"Clearly lower"},"middle_half_of_loans":{"state":{"p25":50000,"p75":500000},"national":{"p25":55000,"p75":643250}},"startup_pct":{"state":8.0,"national":10.6,"reading":"No clear gap"},"new_pct":{"state":14.9,"national":16.3,"reading":"No clear gap"},"existing_pct":{"state":64.2,"national":55.3,"reading":"No clear gap"},"ownership_pct":{"state":12.4,"national":16.7,"reading":"No clear gap"},"express_pct":{"state":45.8,"national":35.3,"reading":"No clear gap"},"loc_pct":{"state":38.8,"national":23.7,"reading":"Clearly higher"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.0,"national":2.5}},"clear_gaps":["loc","size"],"top_lenders":{"The Huntington National Bank":103,"ChoiceOne Bank":9,"Newtek Bank":9,"Live Oak Banking Company":7,"Fifth Third Bank":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."}}