GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
101
2010–2026
Total Volume
$67M
Gross loan amounts
States Active
2
With recorded loans
Programs
7(a) & 504
101 total segments
Bank Michigan has a strong focus on existing businesses, with 53% of their SBA deals supporting established companies. This could be beneficial if you're looking to expand or refinance an existing operation.
With an average 7(a) spread of P+2.33%, Bank Michigan offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
The lender's growth trend shows a significant decline of 73% year-over-year, which may indicate a tightening of lending criteria. If you're considering applying, be prepared for potentially stricter approval processes.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 3 504 loans, which use fixed SBA debenture rates.
States where Bank Michigan has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Other Repair & Services
Other Services
Administrative & Waste Services
Administrative & Waste Services
Food & Beverage Stores
Retail Trade
Other Health Practitioners
Health Care & Social Assistance
Real Estate
Real Estate
+ 7 more
All recorded SBA lending activity for Bank Michigan, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Food & Beverage Stores · $150K – $350K | 7(a) | 5 | P+2.75% | $246K | Q4 2025 |
| Michigan · Restaurants & Food Service · $350K – $500K | 7(a) | 4 | P+2.75% | $444K | Q4 2023 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 4 | P+2.75% | $275K | Q3 2024 |
| Michigan · Manufacturing · Under $150K | 7(a) | 4 | P+2.13% | $88K | Q3 2024 |
| Michigan · Other Repair & Services · Under $150K | 7(a) | 3 | P+2.50% | $70K | Q4 2024 |
| Michigan · Other Health Practitioners · Under $150K | 7(a) | 3 | P+2.00% | $127K | Q3 2019 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 7(a) | 2 | P+2.75% | $212K | Q2 2023 |
| Michigan · Other Professional Services · $150K – $350K | 7(a) | 2 | P+2.38% | $298K | Q2 2024 |
| Michigan · Real Estate · $350K – $500K | 7(a) | 2 | P+3.13% | $456K | Q1 2022 |
| Michigan · Specialty Trade Contractors · $500K – $1M | 7(a) | 2 | P+2.63% | $735K | Q2 2024 |
| Michigan · Personal Care (Salons, Spas) · $150K – $350K | 7(a) | 2 | P+2.63% | $269K | Q1 2022 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 2 | P+2.75% | $104K | Q1 2015 |
| Michigan · Administrative & Waste Services · $150K – $350K | 7(a) | 2 | P+2.13% | $179K | Q2 2024 |
| Michigan · Administrative & Waste Services · $1M – $2M | 7(a) | 2 | P+1.75% | $1.3M | Q2 2024 |
| Michigan · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 2 | P+3.00% | $244K | Q3 2024 |
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 2 | P+2.75% | $187K | Q4 2021 |
| Michigan · Auto Dealers & Parts · $500K – $1M | 7(a) | 2 | P+3.00% | $674K | Q1 2024 |
| Michigan · Other Repair & Services · $500K – $1M | 7(a) | 2 | P+2.13% | $801K | Q4 2024 |
| Michigan · Specialty Trade Contractors · Under $150K | 7(a) | 2 | P+2.38% | $38K | Q2 2024 |
| Michigan · Manufacturing · $1M – $2M | 7(a) | 2 | P+2.63% | $1.3M | Q1 2023 |
| Michigan · Manufacturing · $2M – $5M | 7(a) | 2 | P+1.38% | $2.3M | Q3 2024 |
| Michigan · Manufacturing · $500K – $1M | 7(a) | 2 | P+2.63% | $646K | Q3 2024 |
| Michigan · Retail Trade · $150K – $350K | 7(a) | 2 | P+2.38% | $305K | Q4 2019 |
| Michigan · Transportation & Warehousing · $2M – $5M | 7(a) | 2 | P+3.13% | $2.5M | Q1 2022 |
| Michigan · Auto Repair & Maintenance · $150K – $350K | 7(a) | 1 | P+2.75% | $293K | Q3 2024 |
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