SBA loans to plumbing and HVAC companies in Michigan
Short answer
SBA's loan file shows 235 loans to plumbing and HVAC companies in Michigan since October 2019. 52.3% were lines of credit, against 37.8% nationally. 62.1% went through SBA Express, against 49.3% nationally.
- SBA loans, Oct 2019 to Jun 2026
- 235
- median loan
- $120,000
- dollars approved
- $79.62M
- were lines of credit
- 52.3%
These are the 235 SBA 7(a) loans to plumbing and HVAC companies in Michigan approved October 2019 to June 2026. Each figure is set against the national figure for the same industry and period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what lenders have done and not what any lender will do for you. Every state page for this industry uses this same period, so the pages can be compared with each other.
How Michigan differs from the U.S.
What this means for you. If you need working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition you can draw on and repay, revolving lines were more common here, so ask lenders about one.
Lines of credit
52.3% of the loans in Michigan were lines of creditA credit limit you can draw on, repay and draw on again. , against 37.8% nationally.
SBA Express
62.1% of the loans in Michigan went through SBA Express, against 49.3% nationally.
Established businesses
72.3% of the loans in Michigan went to businesses more than two years old, against 62.5% nationally.
We compared 9 measures with the national figure for the same period, and these are the 3 that differ clearly. One more difference is in the table.
Michigan next to the U.S.
| Measure | Michigan | United States | Reading |
|---|---|---|---|
| Industry's share of all SBA loans | 1.8% | 1.8% | No clear gap |
| Median loan | $120,000 | $150,000 | No clear gap |
| Middle half of loans | $50,000 to $256,000 | $51,600 to $450,000 | – |
| Startups (the loan opens the business) | 4.7% | 8.7% | No clear gap |
| In business 2 years or less | 8.1% | 15.0% | Clearly lower |
| In business more than 2 years | 72.3% | 62.5% | Clearly higher |
| Change of ownership | 14.5% | 12.7% | No clear gap |
| SBA Express | 62.1% | 49.3% | Clearly higher |
| Lines of credit | 52.3% | 37.8% | Clearly higher |
| Median term | 10 years | 10 years | – |
| Median spread over Prime at approval | 2 points over Prime | 2.75 points over Prime | – |
Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference.
Who lends in Michigan
The 5 lenders below made 168 of the 235 loans approved October 2019 to June 2026, or 71.5%. A lender is listed when it has 5 or more of them, five at most.
| Lender | Loans | Share here | U.S. share |
|---|---|---|---|
| The Huntington National Bank | 114 | 48.5% | 11.2% |
| Live Oak Banking Company | 25 | 10.6% | 6.0% |
| ChoiceOne Bank | 12 | 5.1% | Not in top 5 |
| Fifth Third Bank | 10 | 4.3% | Not in top 5 |
| Old National Bank | 7 | 3.0% | Not in top 5 |
Share here is the lender's share of the loans in this state. U.S. share is its share of all loans to this industry nationally. Not in top 5 means it is not one of the five lenders with the most loans to the industry.
Plumbing and HVAC companies in other states
Other states where these loans differ clearly from the national pattern, most loans first.
| State | Loans since October 2019 |
|---|---|
| California | 639 |
| Florida | 521 |
| Texas | 440 |
| Ohio | 349 |
| New York | 347 |
| Pennsylvania | 255 |
| Colorado | 195 |
| Massachusetts | 187 |
More industries in Michigan
Other industries in Michigan with a clear difference from the national pattern, most loans first.
| Industry | Loans since October 2019 |
|---|---|
| Long-haul truckload carriers | 848 |
| Sit-down restaurants | 584 |
| Local trucking companies | 385 |
| Home remodeling contractors | 317 |
| Paving, fencing, pool and other specialty contractors | 292 |
| Auto repair shops | 201 |
| Coffee shops, ice cream parlors, juice and tea bars and doughnut shops | 191 |
| Hair salons and beauty salons | 185 |
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. How we build these pages.
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Cite this page: SBA loans to plumbing and HVAC companies in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/plumbing-heating-air-conditioning-contractors/michigan/
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