Great Lakes National Bank Michigan
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Great Lakes National Bank Michigan · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 334519 | Other Measuring and Controlling Device Manufacturing | 1 | $833K | $833K | 8.3% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $150K | $150K | 8.3% |
| 561440 | Collection Agencies | 1 | $92K | $92K | 8.3% |
| 541512 | Computer Systems Design Services | 1 | $363K | $363K | 8.3% |
| 811111 | General Automotive Repair | 1 | $76K | $76K | 8.3% |
Geographic Distribution
SBA lending activity for Great Lakes National Bank Michigan by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 12 | $5.2M | 100.0% |
Why Choose Great Lakes National Bank Michigan?
Based on SBA 7(a) lending track record from 1991-2004
- ✓Proven Track Record: 12 SBA loans approved, totaling $5.2M in financing
- ✓Industry Expertise: Specialized focus on Other Measuring and Controlling Device Manufacturing, All Other Amusement and Recreation Industries, Collection Agencies
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 75 months
- ✓Loan Range: Loan sizes from $50K to $1.4M, with an average of $431K
- ✓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 Great Lakes National Bank Michigan SBA lending
What types of businesses does Great Lakes National Bank Michigan typically finance?
Great Lakes National Bank Michigan specializes in SBA 7(a) lending to specific industries including other measuring and controlling device manufacturing, all other amusement and recreation industries, collection agencies, computer systems design services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Great Lakes National Bank Michigan's typical SBA loan terms?
Great Lakes National Bank Michigan's SBA 7(a) loans typically feature an average interest rate of — and average term length of 75 months (approximately 6 years). Loan sizes range from $50K to $1.4M, with an average loan size of $431K.
Do I need a business valuation for a Great Lakes National Bank Michigan SBA loan?
Yes, Great Lakes National 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 Great Lakes National Bank Michigan compare to other SBA lenders?
Great Lakes National Bank Michigan has originated 12 SBA loans totaling $5.2M since 1991. 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 Great Lakes National Bank Michigan lend in?
Great Lakes National Bank Michigan 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.
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?
Certified valuations are often required for SBA loans over $250,000.
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