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
835
2010–2026
Total Volume
$476M
Gross loan amounts
States Active
4
With recorded loans
Programs
7(a) & 504
835 total segments
ChoiceOne Bank has a strong focus on existing businesses, with 63% of their 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+1.26%, ChoiceOne Bank offers competitive pricing compared to the national median of ~P+2.75%. This could save you money on interest payments over the life of your loan.
The lender's growth trend shows a significant decline of 47% year-over-year in deal volume, which may indicate a tightening of lending criteria. This could make it more challenging to secure a loan compared to previous years.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 93 504 loans, which use fixed SBA debenture rates.
States where ChoiceOne Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Restaurants & Food Service
Accommodation & Food Services
Other Health Practitioners
Health Care & Social Assistance
Retail Trade
Retail Trade
Real Estate
Real Estate
Administrative & Waste Services
Administrative & Waste Services
Auto Repair & Maintenance
Other Services
+ 7 more
All recorded SBA lending activity for ChoiceOne Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Specialty Trade Contractors · Under $150K | 7(a) | 33 | P+1.70% | $82K | Q2 2023 |
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 28 | P+1.50% | $269K | Q4 2025 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 7(a) | 22 | P+1.50% | $266K | Q1 2025 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 20 | P+1.50% | $258K | Q4 2024 |
| Michigan · Manufacturing · Under $150K | 7(a) | 19 | P+1.25% | $85K | Q3 2024 |
| Michigan · Retail Trade · Under $150K | 7(a) | 18 | P+1.63% | $90K | Q3 2021 |
| Michigan · Other Health Practitioners · Under $150K | 7(a) | 16 | P+1.38% | $103K | Q1 2025 |
| Michigan · Administrative & Waste Services · Under $150K | 7(a) | 13 | P+2.00% | $68K | Q1 2025 |
| Michigan · Manufacturing · $500K – $1M | 7(a) | 13 | P+0.25% | $675K | Q4 2023 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 13 | P+1.50% | $89K | Q1 2022 |
| Michigan · Auto Repair & Maintenance · Under $150K | 7(a) | 13 | P+1.00% | $78K | Q2 2024 |
| Michigan · Restaurants & Food Service · $500K – $1M | 7(a) | 11 | P+1.50% | $738K | Q3 2025 |
| Michigan · Restaurants & Food Service · $350K – $500K | 7(a) | 11 | P+1.25% | $431K | Q1 2025 |
| Michigan · Transportation & Warehousing · Under $150K | 7(a) | 10 | P+1.52% | $74K | Q2 2024 |
| Michigan · Personal Care (Salons, Spas) · $150K – $350K | 7(a) | 9 | P+1.50% | $260K | Q3 2022 |
| Michigan · Miscellaneous Retail · Under $150K | 7(a) | 9 | P+1.25% | $67K | Q3 2023 |
| Michigan · Finance & Insurance · Under $150K | 7(a) | 9 | P+1.50% | $71K | Q3 2022 |
| Michigan · Specialty Trade Contractors · $350K – $500K | 7(a) | 9 | P+0.75% | $447K | Q2 2025 |
| Michigan · Auto Dealers & Parts · Under $150K | 7(a) | 9 | P+2.25% | $83K | Q1 2023 |
| Michigan · Physician & Dental Offices · $150K – $350K | 7(a) | 8 | P+1.00% | $228K | Q1 2025 |
| Michigan · Real Estate · $150K – $350K | 7(a) | 8 | P+0.75% | $266K | Q1 2023 |
| Michigan · Personal Care (Salons, Spas) · Under $150K | 7(a) | 8 | P+1.38% | $56K | Q2 2023 |
| Michigan · Other Health Practitioners · $500K – $1M | 7(a) | 8 | P+0.50% | $747K | Q3 2024 |
| Michigan · Retail Trade · $150K – $350K | 7(a) | 8 | P+2.13% | $270K | Q2 2025 |
| Michigan · Manufacturing · $2M – $5M | 7(a) | 7 | P+1.00% | $2.9M | Q1 2025 |
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