The Huntington National Bank Fantastic Sams SBA Loans in Michigan — 9 Funded
Michigan loan data 1997–2019 · Updated April 2026
The Huntington National Bank has funded 9 SBA loans to Fantastic Sams franchisees in Michigan, totaling $725K in approved financing across 8 cities.
The average Fantastic Sams loan in Michigan from The Huntington National Bank is $81K at a 8.25% average interest rate, with terms averaging 74 months. The Michigan default rate is 42.9% based on 7 resolved loans — 9.6 points higher than The Huntington National Bank's national Fantastic Sams default rate of 33.3%. Michigan represents 56.3% of The Huntington National Bank's total Fantastic Sams lending nationally.
How Michigan Compares to The Huntington National Bank's National Fantastic Sams Lending
Looking to fund a Fantastic Sams franchise in Michigan?
The Huntington National Bank is one of 5+ lenders who have funded Fantastic Sams in Michigan. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
The Huntington National Bank Fantastic Sams Loan Performance in Michigan
Based on 9 SBA loans originated by The Huntington National Bank for Fantastic Sams franchisees with Michigan addresses, the Michigan-specific lending relationship spans 1997–2019. Of 7 resolved Michigan loans, 4 were paid in full and 3 resulted in chargeoffs.
The Michigan loan size range extends from $29K to $206K, indicating The Huntington National Bank funds both smaller single-unit Fantastic Sams operations and larger multi-unit or renovation projects in Michigan. Each loan supports an average of 10 jobs in the local economy.
The 42.9% Michigan default rate is above the SBA portfolio average. This may reflect local market conditions, the specific Michigan cities funded, or the economic cycle when these loans originated. Prospective borrowers should compare this to other Michigan lenders who have funded Fantastic Sams (shown below) and consider multiple options before committing.
SBA Programs Used for Fantastic Sams Loans in Michigan
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 9 | $81K | 8.25% | 74 mo |
Where in Michigan The Huntington National Bank Funds Fantastic Sams Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Wyoming | 2 | $45K | $90K | 50% — High Risk |
| Saginaw | 1 | $61K | $61K | 0% — Low Risk |
| Grandville | 1 | $85K | $85K | 0% — Low Risk |
| Delton | 1 | $85K | $85K | 100% — High Risk |
| Grand Rapids | 1 | $50K | $50K | N/A |
| Parma | 1 | $65K | $65K | 0% — Low Risk |
| Northville | 1 | $206K | $206K | N/A |
| Lake Odessa | 1 | $82K | $82K | 100% — High Risk |
The Huntington National Bank's strongest Fantastic Sams lending presence in Michigan is concentrated in Wyoming (2 loans), Saginaw (1 loans), Grandville (1 loans).
The Huntington National Bank Fantastic Sams Lending in Michigan Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2019 | 1 | $206K | $206K | 8.25% |
| 1999 | 1 | $50K | $50K | — |
| 1998 | 2 | $74K | $147K | — |
| 1997 | 5 | $64K | $322K | — |
Other Lenders That Fund Fantastic Sams in Michigan
The Huntington National Bank is not the only lender funding Fantastic Sams in Michigan. Compare 4 other banks who have originated Fantastic Sams SBA loans to Michigan borrowers.
| Lender | Michigan Loans | Avg Size | Default Rate |
|---|---|---|---|
| The Huntington National Bank (this page) | 9 | $81K | 42.9% — High Risk |
| PNC Bank, National Association | 7 | $57K | 42.9% — High Risk |
| Capitol National Bank | 4 | $69K | 25% — High Risk |
| JPMorgan Chase Bank, National Association | 4 | $57K | 0% — Low Risk |
| Independence Bank | 2 | $138K | N/A |
Other Franchises The Huntington National Bank Funds in Michigan
The Huntington National Bank is active in Michigan franchise lending beyond Fantastic Sams. Other Michigan franchise brands they have funded:
The Huntington National Bank Fantastic Sams Lending in Other States
The Huntington National Bank has also funded Fantastic Sams franchisees in 1 other states. View state-specific data:
How to Get an SBA Loan for a Fantastic Sams Franchise in Michigan
If you're considering a Fantastic Sams franchise in Michigan and want to finance through The Huntington National Bank or another SBA lender, here's what you need to know based on our analysis of 9 historical Michigan loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Fantastic Sams's franchise fee and total investment determine minimum capital requirements.
Compare Michigan Lenders
5 lenders have funded Fantastic Sams in Michigan. Lenders with more local Fantastic Sams experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches Michigan borrowers with lenders who have a proven track record funding Fantastic Sams in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on Michigan historical data: The average Fantastic Sams SBA loan from The Huntington National Bank in Michigan is $81K with a 8.25% interest rate and a 74-month term.Michigan loan amounts range from $29K to $206K.
Ready to Fund Your Fantastic Sams Franchise in Michigan?
We connect you with lenders who have already funded Fantastic Sams in Michigan — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.