{"citation":"SBA loans to local trucking companies in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/general-freight-trucking-local/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-freight-trucking-local/michigan/","title":"SBA loans to local trucking companies 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":"484110","name":"General Freight Trucking, Local","url":"/industries/general-freight-trucking-local/"},"loans":385,"dollars_approved":63966700,"measures":{"share_of_all_loans_pct":{"state":2.928,"national":1.514,"reading":"Clearly higher"},"median_loan":{"state":50000,"national":64600,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":25000,"p75":123000},"national":{"p25":26000,"p75":200000}},"startup_pct":{"state":5.5,"national":8.1,"reading":"No clear gap"},"new_pct":{"state":8.6,"national":24.1,"reading":"Clearly lower"},"existing_pct":{"state":82.1,"national":61.3,"reading":"Clearly higher"},"ownership_pct":{"state":null,"national":5.0,"reading":"n/a"},"express_pct":{"state":68.3,"national":57.9,"reading":"Clearly higher"},"loc_pct":{"state":29.4,"national":30.5,"reading":"No clear gap"},"median_term_months":{"state":84,"national":120},"median_spread_over_prime_points":{"state":2.0,"national":2.75}},"clear_gaps":["mix","existing","express","share"],"top_lenders":{"The Huntington National Bank":318,"Horizon Bank":7,"ChoiceOne Bank":5,"Nicolet National 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."}}