{"citation":"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/ 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/plumbing-heating-air-conditioning-contractors/michigan/","title":"SBA loans to plumbing and HVAC 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":"238220","name":"Plumbing, Heating, and Air-Conditioning Contractors","url":"/industries/plumbing-heating-air-conditioning-contractors/"},"loans":235,"dollars_approved":79623100,"measures":{"share_of_all_loans_pct":{"state":1.787,"national":1.752,"reading":"No clear gap"},"median_loan":{"state":120000,"national":150000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":50000,"p75":256000},"national":{"p25":51600,"p75":450000}},"startup_pct":{"state":4.7,"national":8.7,"reading":"No clear gap"},"new_pct":{"state":8.1,"national":15.0,"reading":"Clearly lower"},"existing_pct":{"state":72.3,"national":62.5,"reading":"Clearly higher"},"ownership_pct":{"state":14.5,"national":12.7,"reading":"No clear gap"},"express_pct":{"state":62.1,"national":49.3,"reading":"Clearly higher"},"loc_pct":{"state":52.3,"national":37.8,"reading":"Clearly higher"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.0,"national":2.75}},"clear_gaps":["loc","express","existing"],"top_lenders":{"The Huntington National Bank":114,"Live Oak Banking Company":25,"ChoiceOne Bank":12,"Fifth Third Bank":10,"Old National 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."}}