STRONG
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
140
2010–2026
Total Volume
$88M
Gross loan amounts
States Active
4
With recorded loans
Programs
7(a) & 504
140 total segments
First National Bank of Michigan has a significant focus on 504 loans, with 32% of their total SBA deals being 504. This is notably higher than the national average of around 18%, making them a strong option for borrowers looking for real estate financing.
The average spread for 7(a) loans at First National Bank of Michigan is P+1.54%, which is lower than the national median of approximately P+2.75%. This competitive pricing could save you money on interest over the life of your loan.
The bank's growth trend shows a decline of 42% year-over-year in deal volume, which could indicate a tightening of lending criteria. Borrowers should be prepared for potentially stricter approval processes when seeking financing.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 45 504 loans, which use fixed SBA debenture rates.
States where First National Bank of 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
Retail Trade
Retail Trade
Accounting & Tax
Professional Services
Administrative & Waste Services
Administrative & Waste Services
Physician & Dental Offices
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
+ 7 more
All recorded SBA lending activity for First National Bank of Michigan, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Manufacturing · $150K – $350K | 7(a) | 8 | P+1.13% | $253K | Q2 2022 |
| Michigan · Manufacturing · $350K – $500K | 7(a) | 6 | P+1.42% | $457K | Q1 2024 |
| Michigan · Manufacturing · $500K – $1M | 504 | 5 | — | $703K | Q2 2024 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 7(a) | 5 | P+1.00% | $235K | Q4 2022 |
| Michigan · Retail Trade · Under $150K | 7(a) | 4 | P+1.50% | $49K | Q4 2012 |
| Michigan · Physician & Dental Offices · $500K – $1M | 504 | 4 | — | $717K | Q3 2020 |
| Michigan · Restaurants & Food Service · $150K – $350K | 504 | 4 | — | $188K | Q4 2015 |
| Michigan · Social Assistance · $500K – $1M | 504 | 3 | — | $821K | Q4 2021 |
| Michigan · Engineering & Architecture · $150K – $350K | 7(a) | 3 | P+2.75% | $240K | Q2 2017 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 3 | P+2.00% | $88K | Q2 2017 |
| Michigan · Manufacturing · Under $150K | 7(a) | 3 | P+1.50% | $77K | Q3 2017 |
| Michigan · Administrative & Waste Services · $500K – $1M | 7(a) | 3 | P+1.00% | $606K | Q2 2024 |
| Michigan · Accounting & Tax · Under $150K | 7(a) | 3 | P+2.00% | $77K | Q1 2015 |
| Michigan · Specialty Trade Contractors · Under $150K | 7(a) | 2 | P+1.00% | $100K | Q3 2023 |
| Michigan · Auto Repair & Maintenance · $150K – $350K | 7(a) | 2 | P+1.80% | $250K | Q1 2017 |
| Michigan · Retail Trade · $500K – $1M | 7(a) | 2 | P+1.25% | $863K | Q2 2022 |
| Michigan · Real Estate · $150K – $350K | 504 | 2 | — | $210K | Q4 2014 |
| Michigan · Administrative & Waste Services · Under $150K | 7(a) | 2 | P+1.75% | $100K | Q4 2018 |
| Michigan · Hotels & Accommodation · $2M – $5M | 504 | 2 | — | $3.1M | Q3 2025 |
| Michigan · Manufacturing · $2M – $5M | 504 | 2 | — | $2.5M | Q4 2023 |
| Michigan · Restaurants & Food Service · $500K – $1M | 7(a) | 2 | P+1.63% | $580K | Q1 2023 |
| Michigan · Wholesale Trade · $1M – $2M | 7(a) | 2 | P+0.38% | $1.5M | Q3 2024 |
| Michigan · Manufacturing · $150K – $350K | 504 | 2 | — | $283K | Q3 2025 |
| Michigan · Manufacturing · $1M – $2M | 504 | 2 | — | $1.2M | Q3 2012 |
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 1 | P+2.25% | $350K | Q3 2014 |
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Real experiences from borrowers who closed SBA loans with First National Bank of Michigan.
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