Grand River Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Grand River Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 523999 | Miscellaneous Financial Investment Activities | 16 | $6.0M | $374K | 13.3% |
| 323111 | Commercial Gravure Printing | 16 | $5.8M | $365K | 13.3% |
| 621310 | Offices of Chiropractors | 16 | $992K | $62K | 13.3% |
| 238990 | All Other Specialty Trade Contractors | 16 | $13.2M | $825K | 13.3% |
| 812112 | Beauty Salons | 8 | $2.7M | $336K | 6.7% |
| 541990 | All Other Professional, Scientific, and Technical Services | 8 | $2.4M | $300K | 6.7% |
| 441330 | Other | 8 | $1.0M | $125K | 6.7% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $1.0M | $125K | 6.7% |
| 326199 | All Other Plastics Product Manufacturing | 8 | $2.0M | $250K | 6.7% |
| 327211 | Flat Glass Manufacturing | 8 | $2.8M | $350K | 6.7% |
Geographic Distribution
SBA lending activity for Grand River Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 104 | $40.1M | 86.7% |
| Florida (FL) | 16 | $5.8M | 13.3% |
Why Choose Grand River Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $45.9M in financing
- ✓Industry Expertise: Specialized focus on Miscellaneous Financial Investment Activities, Commercial Gravure Printing, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 6.62% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $25K to $1.5M, with an average of $382K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MI, FL
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 Grand River Bank SBA lending
What types of businesses does Grand River Bank typically finance?
Grand River Bank specializes in SBA 7(a) lending to specific industries including miscellaneous financial investment activities, commercial gravure printing, offices of chiropractors, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Grand River Bank's typical SBA loan terms?
Grand River Bank's SBA 7(a) loans typically feature an average interest rate of 6.62% and average term length of 112 months (approximately 9 years). Loan sizes range from $25K to $1.5M, with an average loan size of $382K.
Do I need a business valuation for a Grand River Bank SBA loan?
Yes, Grand River 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 Grand River Bank compare to other SBA lenders?
Grand River Bank has originated 120 SBA loans totaling $45.9M 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 Grand River Bank lend in?
Grand River Bank provides SBA 7(a) financing with particularly strong presence in MI, 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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