West Shore Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by West Shore Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 48 | $24.6M | $513K | 9.8% |
| 811111 | General Automotive Repair | 24 | $5.0M | $209K | 4.9% |
| 532284 | Other | 16 | $4.8M | $302K | 3.3% |
| 444190 | Other Building Material Dealers | 16 | $2.8M | $175K | 3.3% |
| 811192 | Car Washes | 16 | $7.9M | $493K | 3.3% |
| 445131 | Other | 16 | $12.2M | $762K | 3.3% |
| 441110 | New Car Dealers | 16 | $35.9M | $2.2M | 3.3% |
| 722513 | Limited-Service Restaurants | 16 | $18.3M | $1.1M | 3.3% |
| 561730 | Landscaping Services | 16 | $32.2M | $2.0M | 3.3% |
| 423690 | Other Electronic Parts and Equipment Merchant Wholesalers | 16 | $8.7M | $542K | 3.3% |
Geographic Distribution
SBA lending activity for West Shore Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 480 | $335.3M | 98.4% |
| Missouri (MO) | 8 | $14.7M | 1.6% |
Why Choose West Shore Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 488 SBA loans approved, totaling $350.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, General Automotive Repair, Other
- ✓Competitive Terms: Average interest rate of 6.67% with flexible term lengths averaging 195 months
- ✓Loan Range: Loan sizes from $30K to $3.5M, with an average of $717K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MI, MO
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 West Shore Bank SBA lending
What types of businesses does West Shore Bank typically finance?
West Shore Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, general automotive repair, other, other building material dealers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are West Shore Bank's typical SBA loan terms?
West Shore Bank's SBA 7(a) loans typically feature an average interest rate of 6.67% and average term length of 195 months (approximately 16 years). Loan sizes range from $30K to $3.5M, with an average loan size of $717K.
Do I need a business valuation for a West Shore Bank SBA loan?
Yes, West Shore 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 West Shore Bank compare to other SBA lenders?
West Shore Bank has originated 488 SBA loans totaling $350.0M 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 West Shore Bank lend in?
West Shore Bank provides SBA 7(a) financing with particularly strong presence in MI, MO. 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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