MICHIGAN · NAICS NAICS 484, 4885, 4931 families
Michigan trucking and logistics projects ride the automotive supply chain along the I-94 and I-75 corridors, with specialized freight lanes among the densest in the country. Studies translate rate per mile, fuel, utilization, and contract concentration into projections, and reconcile equipment, real estate, and working capital structures against coverage under stress.
FEASIBILITY TRIGGER
Trucking and logistics deals carry projection-sensitive underwriting; rate per mile, fuel, and contract concentration must be stress-tested.
From FY2010 through FY2026, Michigan recorded 4,159 SBA-disbursed trucking and logistics loans across the 7(a) and 504 programs, representing $466.4 million in approved financing at an average loan size of $112,000. The state sits at rank #2 of 38 for trucking and logistics SBA lending volume and holds 5.2% of the national trucking and logistics dollar pool. 7(a) accounts for 99.0% of the count, 504 for the rest, with 279 fresh approvals dated FY2024 or later.
| Disbursed loans (FY2010–FY2026) | 4,159 |
| Approved volume | $466.4 million |
| Average loan size | $112,000 |
| 7(a) share | 99.0% |
| Approvals since FY2024 | 279 |
| State rank by loan count | #2 of 38 |
Among the 3,415 seasoned loans in this segment (approvals FY2010–FY2021), 5.9% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for trucking and logistics is 9.2%, against 7.3% across all industries. That performance runs below the national benchmark for this asset class, a credit-positive signal for lenders.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 5.9% adverse-resolution rate below the national trucking and logistics benchmark of 9.2% supports the credit story for well-underwritten Michigan projects in this class. Across 4,159 SBA loans averaging $112,000, that track record does not eliminate the need for a third-party feasibility study, but it means a rigorous study reinforces rather than defends the projections.
Every Michigan trucking and logistics 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.
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.
Long-distance general freight trucking drew $14 million across 91 calendar 2025 Michigan loans, riding the automotive supply chain that makes the I-94 and I-75 corridors among the densest specialized freight lanes in the country.
For a national view of this asset class, see our trucking and logistics SBA feasibility overview, and read our related analysis in the trucking and logistics lending research on our blog.
Compare neighboring markets: Massachusetts, Minnesota, Texas.
Public SBA and CDC program records, cited as program evidence
Two SBA 504 loans through SomerCor for refinance and building improvements
Renovating 8,500 square feet and cutting annual occupancy costs by roughly $52,000, moving and storage operator, national program evidence
Chicago, Cook County, Illinois
Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
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