Bank of Ann Arbor
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Bank of Ann Arbor
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 56 | $80.2M | $1.4M | 10.3% |
| 238150 | Glass and Glazing Contractors | 24 | $13.6M | $567K | 4.4% |
| 562111 | Solid Waste Collection | 24 | $16.8M | $698K | 4.4% |
| 812199 | Other Personal Care Services | 24 | $12.7M | $528K | 4.4% |
| 312120 | Breweries | 16 | $13.5M | $847K | 2.9% |
| 541511 | Custom Computer Programming Services | 16 | $46.4M | $2.9M | 2.9% |
| 722513 | Limited-Service Restaurants | 16 | $5.2M | $325K | 2.9% |
| 453910 | Pet and Pet Supplies Stores | 16 | $1.3M | $80K | 2.9% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $8.0M | $499K | 2.9% |
| 332912 | Fluid Power Valve and Hose Fitting Manufacturing | 16 | $3.6M | $222K | 2.9% |
Geographic Distribution
SBA lending activity for Bank of Ann Arbor by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 488 | $421.4M | 89.7% |
| Connecticut (CT) | 16 | $29.6M | 2.9% |
| Texas (TX) | 8 | $24.4M | 1.5% |
| Wisconsin (WI) | 32 | $15.0M | 5.9% |
Why Choose Bank of Ann Arbor?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 544 SBA loans approved, totaling $490.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Glass and Glazing Contractors, Solid Waste Collection
- ✓Competitive Terms: Average interest rate of 7.26% with flexible term lengths averaging 151 months
- ✓Loan Range: Loan sizes from $45K to $5.0M, with an average of $902K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in MI, WI, CT
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 of Ann Arbor SBA lending
What types of businesses does Bank of Ann Arbor typically finance?
Bank of Ann Arbor specializes in SBA 7(a) lending to specific industries including full-service restaurants, glass and glazing contractors, solid waste collection, other personal care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Ann Arbor's typical SBA loan terms?
Bank of Ann Arbor's SBA 7(a) loans typically feature an average interest rate of 7.26% and average term length of 151 months (approximately 13 years). Loan sizes range from $45K to $5.0M, with an average loan size of $902K.
Do I need a business valuation for a Bank of Ann Arbor SBA loan?
Yes, Bank of Ann Arbor 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 of Ann Arbor compare to other SBA lenders?
Bank of Ann Arbor has originated 544 SBA loans totaling $490.4M 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 of Ann Arbor lend in?
Bank of Ann Arbor provides SBA 7(a) financing with particularly strong presence in MI, WI, CT, TX. 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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