Michigan Schools and Government Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Michigan Schools and Government Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $1.9M | $78K | 12.0% |
| 722513 | Limited-Service Restaurants | 24 | $11.6M | $483K | 12.0% |
| 456110 | Other | 16 | $20.1M | $1.3M | 8.0% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 16 | $1.9M | $120K | 8.0% |
| 812310 | Coin-Operated Laundries and Drycleaners | 8 | $3.2M | $405K | 4.0% |
| 445320 | Other | 8 | $1.6M | $200K | 4.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $2.0M | $248K | 4.0% |
| 441120 | Used Car Dealers | 8 | $2.2M | $279K | 4.0% |
| 624410 | Child Day Care Services | 8 | $3.5M | $439K | 4.0% |
| 445310 | Beer, Wine, and Liquor Stores | 8 | $5.8M | $726K | 4.0% |
Geographic Distribution
SBA lending activity for Michigan Schools and Government Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 200 | $70.1M | 100.0% |
Why Choose Michigan Schools and Government Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 200 SBA loans approved, totaling $70.1M in financing
- ✓Industry Expertise: Specialized focus on Snack and Nonalcoholic Beverage Bars, Limited-Service Restaurants, Other
- ✓Competitive Terms: Average interest rate of 7.86% with flexible term lengths averaging 155 months
- ✓Loan Range: Loan sizes from $20K to $2.3M, with an average of $351K
- ✓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 Michigan Schools and Government Credit Union SBA lending
What types of businesses does Michigan Schools and Government Credit Union typically finance?
Michigan Schools and Government Credit Union specializes in SBA 7(a) lending to specific industries including snack and nonalcoholic beverage bars, limited-service restaurants, other, offices of all other miscellaneous health practitioners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Michigan Schools and Government Credit Union's typical SBA loan terms?
Michigan Schools and Government Credit Union's SBA 7(a) loans typically feature an average interest rate of 7.86% and average term length of 155 months (approximately 13 years). Loan sizes range from $20K to $2.3M, with an average loan size of $351K.
Do I need a business valuation for a Michigan Schools and Government Credit Union SBA loan?
Yes, Michigan Schools and Government Credit Union 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 Michigan Schools and Government Credit Union compare to other SBA lenders?
Michigan Schools and Government Credit Union has originated 200 SBA loans totaling $70.1M 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 Michigan Schools and Government Credit Union lend in?
Michigan Schools and Government Credit Union 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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