{"citation":"SBA loans to site preparation and excavation contractors in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/site-preparation-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/site-preparation-contractors/michigan/","title":"SBA loans to site preparation and excavation contractors 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":"238910","name":"Site Preparation Contractors","url":"/industries/site-preparation-contractors/"},"loans":95,"dollars_approved":22174200,"measures":{"share_of_all_loans_pct":{"state":0.723,"national":0.602,"reading":"No clear gap"},"median_loan":{"state":80000,"national":100000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":38400,"p75":154200},"national":{"p25":48000,"p75":335000}},"startup_pct":{"state":null,"national":6.0,"reading":"n/a"},"new_pct":{"state":5.3,"national":19.5,"reading":"Clearly lower"},"existing_pct":{"state":88.4,"national":67.2,"reading":"Clearly higher"},"ownership_pct":{"state":null,"national":6.0,"reading":"n/a"},"express_pct":{"state":78.9,"national":60.4,"reading":"Clearly higher"},"loc_pct":{"state":54.7,"national":41.3,"reading":"No clear gap"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.0,"national":2.5}},"clear_gaps":["existing","mix","express"],"top_lenders":{"The Huntington National Bank":71,"Horizon 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."}}