STRONG
How competitive are their spreads? Lower = better for you.
STRONG
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
1,023
2010–2026
Total Volume
$511M
Gross loan amounts
States Active
12
With recorded loans
Programs
7(a) & 504
1023 total segments
Choice Financial Group has a strong focus on existing businesses, with 62% of their deals going to this category. This makes them a solid choice for established businesses looking to expand or refinance.
With an average 7(a) spread of P+1.93%, Choice Financial Group offers competitive pricing compared to the national median of P+2.75%. This can lead to significant savings on interest for borrowers.
Despite a 20% share of 504 loans, which is above the national average, Choice Financial Group has seen a significant decline in overall deal volume, down 45% year-over-year. This trend may indicate a tightening of lending standards or reduced capacity, which could affect approval rates for new borrowers.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 201 504 loans, which use fixed SBA debenture rates.
States where Choice Financial Group has recorded SBA lending activity.
+ 7 more states
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
Wholesale Trade
Wholesale Trade
Administrative & Waste Services
Administrative & Waste Services
Other Professional Services
Professional Services
Other Health Practitioners
Health Care & Social Assistance
Management & IT Consulting
Professional Services
+ 7 more
All recorded SBA lending activity for Choice Financial Group, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Manufacturing · Under $150K | 7(a) | 31 | P+2.25% | $87K | Q3 2024 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 26 | P+2.75% | $83K | Q2 2025 |
| Minnesota · Manufacturing · $150K – $350K | 7(a) | 25 | P+2.50% | $236K | Q2 2025 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 21 | P+2.75% | $264K | Q4 2024 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 19 | P+2.25% | $100K | Q2 2019 |
| Minnesota · Other Professional Services · Under $150K | 7(a) | 18 | P+2.25% | $89K | Q1 2023 |
| Minnesota · Other Health Practitioners · Under $150K | 7(a) | 18 | P+2.25% | $74K | Q3 2024 |
| Minnesota · Manufacturing · $500K – $1M | 7(a) | 18 | P+2.13% | $805K | Q2 2024 |
| Minnesota · Wholesale Trade · Under $150K | 7(a) | 18 | P+2.50% | $89K | Q1 2025 |
| Minnesota · Wholesale Trade · $150K – $350K | 7(a) | 14 | P+2.75% | $280K | Q3 2024 |
| Minnesota · Administrative & Waste Services · Under $150K | 7(a) | 13 | P+2.75% | $81K | Q4 2024 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 7(a) | 13 | P+2.25% | $251K | Q1 2025 |
| Minnesota · General Merchandise · Under $150K | 7(a) | 11 | P+2.50% | $85K | Q1 2017 |
| Minnesota · Management & IT Consulting · Under $150K | 7(a) | 11 | P+2.50% | $96K | Q4 2022 |
| Minnesota · Management & IT Consulting · $150K – $350K | 7(a) | 11 | P+2.50% | $270K | Q1 2022 |
| North Dakota · Specialty Trade Contractors · Under $150K | 7(a) | 11 | P+2.75% | $74K | Q3 2017 |
| Minnesota · Specialty Trade Contractors · $500K – $1M | 7(a) | 11 | P+2.00% | $771K | Q3 2023 |
| Minnesota · Manufacturing · $1M – $2M | 7(a) | 11 | P+2.50% | $1.5M | Q1 2024 |
| Minnesota · Restaurants & Food Service · $500K – $1M | 7(a) | 10 | P+2.38% | $609K | Q4 2023 |
| Minnesota · Other Professional Services · $150K – $350K | 7(a) | 10 | P+2.00% | $219K | Q1 2017 |
| Minnesota · Engineering & Architecture · Under $150K | 7(a) | 10 | P+2.38% | $109K | Q4 2017 |
| Minnesota · Administrative & Waste Services · $150K – $350K | 7(a) | 9 | P+2.00% | $225K | Q1 2025 |
| North Dakota · Restaurants & Food Service · Under $150K | 7(a) | 9 | P+2.00% | $53K | Q1 2025 |
| Minnesota · Retail Trade · Under $150K | 7(a) | 8 | P+2.75% | $58K | Q1 2018 |
| Minnesota · Restaurants & Food Service · $350K – $500K | 7(a) | 8 | P+2.75% | $393K | Q1 2025 |
Get a free personalized report comparing this lender against the best matches for your specific situation.
Free. No broker fees. Results in 10-15 minutes.
Real experiences from borrowers who closed SBA loans with Choice Financial Group.
No reviews yet. Be the first to review Choice Financial Group.