United Bank of Michigan
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by United Bank of Michigan
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 16 | $9.1M | $567K | 40.0% |
| 444130 | Hardware Stores | 8 | $22.1M | $2.8M | 20.0% |
| 459420 | Other | 8 | $5.4M | $670K | 20.0% |
| 459120 | Other | 8 | $3.1M | $388K | 20.0% |
Geographic Distribution
SBA lending activity for United Bank of Michigan by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 40 | $39.6M | 100.0% |
Why Choose United Bank of Michigan?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $39.6M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Hardware Stores, Other
- ✓Competitive Terms: Average interest rate of 5.45% with flexible term lengths averaging 204 months
- ✓Loan Range: Loan sizes from $388K to $2.8M, with an average of $990K
- ✓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 United Bank of Michigan SBA lending
What types of businesses does United Bank of Michigan typically finance?
United Bank of Michigan specializes in SBA 7(a) lending to specific industries including full-service restaurants, hardware stores, other, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are United Bank of Michigan's typical SBA loan terms?
United Bank of Michigan's SBA 7(a) loans typically feature an average interest rate of 5.45% and average term length of 204 months (approximately 17 years). Loan sizes range from $388K to $2.8M, with an average loan size of $990K.
Do I need a business valuation for a United Bank of Michigan SBA loan?
Yes, United Bank of 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 United Bank of Michigan compare to other SBA lenders?
United Bank of Michigan has originated 40 SBA loans totaling $39.6M 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 United Bank of Michigan lend in?
United Bank of 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.
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Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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