Chemical Bank Shoreline
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Chemical Bank Shoreline · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 4 | $417K | $104K | 5.6% |
| 445292 | Confectionery and Nut Retailers | 3 | $427K | $142K | 4.2% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $200K | $100K | 2.8% |
| 423690 | Other Electronic Parts and Equipment Merchant Wholesalers | 2 | $60K | $30K | 2.8% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $425K | $213K | 2.8% |
| 423440 | Other Commercial Equipment Merchant Wholesalers | 2 | $165K | $83K | 2.8% |
| 713950 | Bowling Centers | 2 | $360K | $180K | 2.8% |
| 326199 | All Other Plastics Product Manufacturing | 1 | $25K | $25K | 1.4% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $120K | $120K | 1.4% |
| 541420 | Industrial Design Services | 1 | $323K | $323K | 1.4% |
Geographic Distribution
SBA lending activity for Chemical Bank Shoreline by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 72 | $9.3M | 100.0% |
Why Choose Chemical Bank Shoreline?
Based on SBA 7(a) lending track record from 1992-2006
- ✓Proven Track Record: 72 SBA loans approved, totaling $9.3M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Confectionery and Nut Retailers, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 70 months
- ✓Loan Range: Loan sizes from $16K to $480K, with an average of $129K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Chemical Bank Shoreline SBA lending
What types of businesses does Chemical Bank Shoreline typically finance?
Chemical Bank Shoreline specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), confectionery and nut retailers, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, other electronic parts and equipment merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Chemical Bank Shoreline's typical SBA loan terms?
Chemical Bank Shoreline's SBA 7(a) loans typically feature an average interest rate of — and average term length of 70 months (approximately 6 years). Loan sizes range from $16K to $480K, with an average loan size of $129K.
Do I need a business valuation for a Chemical Bank Shoreline SBA loan?
Yes, Chemical Bank Shoreline 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 Chemical Bank Shoreline compare to other SBA lenders?
Chemical Bank Shoreline has originated 72 SBA loans totaling $9.3M since 1992. 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 Chemical Bank Shoreline lend in?
Chemical Bank Shoreline provides SBA 7(a) financing with particularly strong presence in MI. 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.
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