Comerica Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Comerica Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 360 | $132.9M | $369K | 3.1% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 336 | $172.2M | $512K | 2.9% |
| 813910 | Business Associations | 312 | $40.5M | $130K | 2.6% |
| 238990 | All Other Specialty Trade Contractors | 296 | $85.9M | $290K | 2.5% |
| 541110 | Offices of Lawyers | 288 | $48.5M | $169K | 2.4% |
| 541990 | All Other Professional, Scientific, and Technical Services | 288 | $63.9M | $222K | 2.4% |
| 524210 | Insurance Agencies and Brokerages | 264 | $51.3M | $194K | 2.2% |
| 722513 | Limited-Service Restaurants | 232 | $95.5M | $411K | 2.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 216 | $74.8M | $346K | 1.8% |
| 441120 | Used Car Dealers | 200 | $45.5M | $228K | 1.7% |
Geographic Distribution
SBA lending activity for Comerica Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 4,064 | $2.23B | 34.5% |
| Michigan (MI) | 3,288 | $1.75B | 27.9% |
| California (CA) | 3,528 | $857.9M | 30.0% |
| Florida (FL) | 296 | $218.0M | 2.5% |
| Arizona (AZ) | 504 | $115.4M | 4.3% |
| Ohio (OH) | 24 | $42.7M | 0.2% |
| Washington (WA) | 16 | $39.5M | 0.1% |
| New York (NY) | 16 | $36.2M | 0.1% |
| North Carolina (NC) | 16 | $29.8M | 0.1% |
| Colorado (CO) | 8 | $18.3M | 0.1% |
| Indiana (IN) | 16 | $6.3M | 0.1% |
Why Choose Comerica Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 11,776 SBA loans approved, totaling $5.34B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Plumbing, Heating, and Air-Conditioning Contractors, Business Associations
- ✓Competitive Terms: Average interest rate of 6.94% with flexible term lengths averaging 127 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $454K
- ✓Nationwide Reach: Active lending in 11 states, with strong presence in TX, CA, MI
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Comerica Bank SBA lending
What types of businesses does Comerica Bank typically finance?
Comerica Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, plumbing, heating, and air-conditioning contractors, business associations, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Comerica Bank's typical SBA loan terms?
Comerica Bank's SBA 7(a) loans typically feature an average interest rate of 6.94% and average term length of 127 months (approximately 11 years). Loan sizes range from $10K to $5.0M, with an average loan size of $454K.
Do I need a business valuation for a Comerica Bank SBA loan?
Yes, Comerica Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Comerica Bank compare to other SBA lenders?
Comerica Bank has originated 11,776 SBA loans totaling $5.34B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Comerica Bank lend in?
Comerica Bank provides SBA 7(a) financing with particularly strong presence in TX, CA, MI, AZ, FL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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