Southern Michigan Bank & Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southern Michigan Bank & Trust · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812990 | All Other Personal Services | 6 | $1.0M | $172K | 7.3% |
| 811192 | Car Washes | 4 | $1.5M | $379K | 4.9% |
| 722511 | Full-Service Restaurants | 3 | $1.6M | $518K | 3.7% |
| 326150 | Urethane and Other Foam Product (except Polystyrene) Manufacturing | 3 | $1.7M | $573K | 3.7% |
| 722513 | Limited-Service Restaurants | 3 | $4.8M | $1.6M | 3.7% |
| 541211 | Offices of Certified Public Accountants | 3 | $1.3M | $438K | 3.7% |
| 624410 | Child Care Services | 3 | $350K | $117K | 3.7% |
| 445320 | Beer, Wine, and Liquor Retailers | 2 | $3.5M | $1.8M | 2.4% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 2 | $2.6M | $1.3M | 2.4% |
| 812112 | Beauty Salons | 2 | $173K | $86K | 2.4% |
Geographic Distribution
SBA lending activity for Southern Michigan Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 80 | $41.4M | 97.6% |
| New York (NY) | 1 | $1.8M | 1.2% |
| Indiana (IN) | 1 | $215K | 1.2% |
Why Choose Southern Michigan Bank & Trust?
Based on SBA 7(a) lending track record from 1995-2025
- ✓Proven Track Record: 82 SBA loans approved, totaling $43.4M in financing
- ✓Industry Expertise: Specialized focus on All Other Personal Services, Car Washes, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.70% with flexible term lengths averaging 154 months
- ✓Loan Range: Loan sizes from $23K to $2.9M, with an average of $529K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MI, NY, IN
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 Southern Michigan Bank & Trust SBA lending
What types of businesses does Southern Michigan Bank & Trust typically finance?
Southern Michigan Bank & Trust specializes in SBA 7(a) lending to specific industries including all other personal services, car washes, full-service restaurants, urethane and other foam product (except polystyrene) manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southern Michigan Bank & Trust's typical SBA loan terms?
Southern Michigan Bank & Trust's SBA 7(a) loans typically feature an average interest rate of 5.70% and average term length of 154 months (approximately 13 years). Loan sizes range from $23K to $2.9M, with an average loan size of $529K.
Do I need a business valuation for a Southern Michigan Bank & Trust SBA loan?
Yes, Southern Michigan Bank & Trust 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 Southern Michigan Bank & Trust compare to other SBA lenders?
Southern Michigan Bank & Trust has originated 82 SBA loans totaling $43.4M since 1995. 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 Southern Michigan Bank & Trust lend in?
Southern Michigan Bank & Trust provides SBA 7(a) financing with particularly strong presence in MI, NY, IN. 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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