First National Bank of Michigan
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First National Bank of Michigan · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 4 | $1.2M | $299K | 3.5% |
| 561730 | Landscaping Services | 4 | $2.4M | $602K | 3.5% |
| 541219 | Other Accounting Services | 4 | $660K | $165K | 3.5% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 3 | $2.7M | $904K | 2.6% |
| 812910 | Pet Care (except Veterinary) Services | 3 | $325K | $108K | 2.6% |
| 332811 | Metal Heat Treating | 3 | $530K | $177K | 2.6% |
| 541380 | Testing Laboratories and Services | 2 | $420K | $210K | 1.7% |
| 327991 | Cut Stone and Stone Product Manufacturing | 2 | $760K | $380K | 1.7% |
| 238990 | All Other Specialty Trade Contractors | 2 | $200K | $100K | 1.7% |
| 812112 | Beauty Salons | 2 | $697K | $349K | 1.7% |
Geographic Distribution
SBA lending activity for First National Bank of Michigan by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 114 | $44.7M | 99.1% |
| West Virginia (WV) | 1 | $4.9M | 0.9% |
Why Choose First National Bank of Michigan?
Based on SBA 7(a) lending track record from 2008-2025
- ✓Proven Track Record: 115 SBA loans approved, totaling $49.7M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Landscaping Services, Other Accounting Services
- ✓Competitive Terms: Average interest rate of 5.94% with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $20K to $4.9M, with an average of $432K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MI, WV
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 First National Bank of Michigan SBA lending
What types of businesses does First National Bank of Michigan typically finance?
First National Bank of Michigan specializes in SBA 7(a) lending to specific industries including full-service restaurants, landscaping services, other accounting services, all other miscellaneous fabricated metal product manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank of Michigan's typical SBA loan terms?
First National Bank of Michigan's SBA 7(a) loans typically feature an average interest rate of 5.94% and average term length of 101 months (approximately 8 years). Loan sizes range from $20K to $4.9M, with an average loan size of $432K.
Do I need a business valuation for a First National Bank of Michigan SBA loan?
Yes, First National Bank of 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 First National Bank of Michigan compare to other SBA lenders?
First National Bank of Michigan has originated 115 SBA loans totaling $49.7M since 2008. 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 First National Bank of Michigan lend in?
First National Bank of Michigan provides SBA 7(a) financing with particularly strong presence in MI, WV. 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.
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Certified valuations are often required for SBA loans over $250,000.
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