Huron Community Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Huron Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 333514 | Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | 16 | $18.0M | $1.1M | 40.0% |
| 333241 | Food Product Machinery Manufacturing | 8 | $1.6M | $200K | 20.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $5.1M | $640K | 20.0% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 8 | $5.6M | $700K | 20.0% |
Geographic Distribution
SBA lending activity for Huron Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 40 | $30.3M | 100.0% |
Why Choose Huron Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $30.3M in financing
- ✓Industry Expertise: Specialized focus on Special Die and Tool, Die Set, Jig, and Fixture Manufacturing, Food Product Machinery Manufacturing, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 6.84% with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $200K to $1.3M, with an average of $757K
- ✓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 Huron Community Bank SBA lending
What types of businesses does Huron Community Bank typically finance?
Huron Community Bank specializes in SBA 7(a) lending to specific industries including special die and tool, die set, jig, and fixture manufacturing, food product machinery manufacturing, hotels (except casino hotels) and motels, supermarkets and other grocery (except convenience) stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Huron Community Bank's typical SBA loan terms?
Huron Community Bank's SBA 7(a) loans typically feature an average interest rate of 6.84% and average term length of 122 months (approximately 10 years). Loan sizes range from $200K to $1.3M, with an average loan size of $757K.
Do I need a business valuation for a Huron Community Bank SBA loan?
Yes, Huron Community 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 Huron Community Bank compare to other SBA lenders?
Huron Community Bank has originated 40 SBA loans totaling $30.3M 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 Huron Community Bank lend in?
Huron Community Bank 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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