MICHIGAN · NAICS 3121
Michigan brewery, distillery, and winery projects span the Grand Rapids craft scene and the Old Mission and Leelanau peninsula wine corridor tied to lakeshore tourism. Studies translate production capacity, taproom revenue, distribution mix, and inventory cycles into projections, and reconcile build-out and equipment structures against coverage under stress.
FEASIBILITY TRIGGER
Production capacity, taproom revenue, and inventory cycles make these projection-heavy deals where studies are routinely required.
From FY2010 through FY2026, Michigan recorded 235 SBA-disbursed brewery, distillery, and winery loans across the 7(a) and 504 programs, representing $108.8 million in approved financing at an average loan size of $463,000. The state sits at rank #7 of 38 for brewery, distillery, and winery SBA lending volume and holds 3.7% of the national brewery, distillery, and winery dollar pool. 7(a) accounts for 86.0% of the count, 504 for the rest, with 18 fresh approvals dated FY2024 or later.
| Disbursed loans (FY2010–FY2026) | 235 |
| Approved volume | $108.8 million |
| Average loan size | $463,000 |
| 7(a) share | 86.0% |
| Approvals since FY2024 | 18 |
| State rank by loan count | #7 of 38 |
Among the 193 seasoned loans in this segment (approvals FY2010–FY2021), 7.8% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for brewery, distillery, and winery is 8.1%, against 7.3% across all industries. That is broadly in line with the national benchmark for this asset class.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 7.8%, close to the national brewery, distillery, and winery benchmark of 8.1%, puts Michigan deals in this class on ordinary SBA credit footing. Across 235 loans averaging $463,000, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every Michigan breweries, distilleries and wineries project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
The national SBA brewery feasibility study tests practical capacity, on-site coverage, distribution law and aging-inventory funding. Its lending ledger benchmarks a Michigan brewery file against 5,393 disbursed SBA brewery loans.
Michigan projects most often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, and the state's Collateral Support Program can layer up to 40 percent collateral coverage onto qualifying deals. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Grand Rapids carries one of the Midwest's deepest craft scenes and the Old Mission and Leelanau peninsulas anchor a northern wine corridor tied to lakeshore tourism.
For a national view of this asset class, see our brewery, distillery, and winery SBA feasibility overview, and read our related analysis in the brewery, distillery, and winery lending research on our blog.
Compare neighboring markets: Massachusetts, Minnesota, Texas.
Public SBA and CDC program records, cited as program evidence
$2.8M SBA 504 ground-up through Florida First Capital plus $300K state working capital
7,500 square foot brewery, taproom, restaurant, and event space, national program evidence
Bradenton, Manatee County, Florida
Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
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