Bank Michigan
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank Michigan
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 32 | $50.9M | $1.6M | 5.9% |
| 238990 | All Other Specialty Trade Contractors | 32 | $16.8M | $526K | 5.9% |
| 561730 | Landscaping Services | 24 | $13.5M | $563K | 4.4% |
| 312140 | Distilleries | 24 | $17.9M | $746K | 4.4% |
| 812910 | Pet Care (except Veterinary) Services | 16 | $7.7M | $480K | 2.9% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 16 | $40.0M | $2.5M | 2.9% |
| 441330 | Other | 16 | $6.8M | $422K | 2.9% |
| 459140 | Other | 16 | $6.6M | $414K | 2.9% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $4.3M | $270K | 2.9% |
| 238150 | Glass and Glazing Contractors | 16 | $5.8M | $360K | 2.9% |
Geographic Distribution
SBA lending activity for Bank Michigan by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 536 | $387.2M | 98.5% |
| Ohio (OH) | 8 | $35.7M | 1.5% |
Why Choose Bank Michigan?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 544 SBA loans approved, totaling $422.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, All Other Specialty Trade Contractors, Landscaping Services
- ✓Competitive Terms: Average interest rate of 8.45% with flexible term lengths averaging 161 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $777K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MI, OH
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 Bank Michigan SBA lending
What types of businesses does Bank Michigan typically finance?
Bank Michigan specializes in SBA 7(a) lending to specific industries including full-service restaurants, all other specialty trade contractors, landscaping services, distilleries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank Michigan's typical SBA loan terms?
Bank Michigan's SBA 7(a) loans typically feature an average interest rate of 8.45% and average term length of 161 months (approximately 13 years). Loan sizes range from $25K to $5.0M, with an average loan size of $777K.
Do I need a business valuation for a Bank Michigan SBA loan?
Yes, Bank Michigan 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 Bank Michigan compare to other SBA lenders?
Bank Michigan has originated 544 SBA loans totaling $422.9M 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 Bank Michigan lend in?
Bank Michigan provides SBA 7(a) financing with particularly strong presence in MI, OH. 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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