GOOD
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
958
2010–2026
Total Volume
$595M
Gross loan amounts
States Active
5
With recorded loans
Programs
504
958 total segments
Great Lakes Commercial Finance is a 504-only lender, focusing entirely on real estate and equipment financing, which is beneficial for established businesses looking to expand or upgrade.
With an average deal size of $620,870 and a significant portion of deals (324) falling between $150K-$350K, this lender is well-suited for businesses seeking medium-sized financing for expansion or equipment purchases.
Great Lakes has experienced a remarkable growth trend of 73% year-over-year, indicating a strong demand for their services and suggesting they are a reliable partner for financing needs.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 958 504 loans, which use fixed SBA debenture rates.
States where Great Lakes Commercial Finance 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 Health Practitioners
Health Care & Social Assistance
Hotels & Accommodation
Accommodation & Food Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Physician & Dental Offices
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
+ 7 more
All recorded SBA lending activity for Great Lakes Commercial Finance, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Manufacturing · $500K – $1M | 504 | 52 | — | $705K | Q2 2024 |
| Michigan · Manufacturing · $150K – $350K | 504 | 45 | — | $255K | Q4 2022 |
| Michigan · Restaurants & Food Service · $150K – $350K | 504 | 37 | — | $245K | Q2 2025 |
| Michigan · Manufacturing · $350K – $500K | 504 | 29 | — | $433K | Q2 2024 |
| Michigan · Restaurants & Food Service · $500K – $1M | 504 | 26 | — | $715K | Q4 2025 |
| Michigan · Manufacturing · $1M – $2M | 504 | 25 | — | $1.4M | Q3 2022 |
| Michigan · Restaurants & Food Service · $350K – $500K | 504 | 23 | — | $410K | Q3 2025 |
| Michigan · Manufacturing · Under $150K | 504 | 21 | — | $106K | Q2 2024 |
| Michigan · Other Health Practitioners · $150K – $350K | 504 | 20 | — | $245K | Q3 2025 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 504 | 19 | — | $245K | Q2 2023 |
| Michigan · Physician & Dental Offices · $150K – $350K | 504 | 14 | — | $284K | Q3 2025 |
| Michigan · Auto Repair & Maintenance · $150K – $350K | 504 | 14 | — | $247K | Q4 2022 |
| Michigan · Real Estate · $150K – $350K | 504 | 14 | — | $276K | Q3 2025 |
| Michigan · Wholesale Trade · $150K – $350K | 504 | 14 | — | $221K | Q4 2024 |
| Michigan · Arts, Entertainment & Recreation · $500K – $1M | 504 | 13 | — | $716K | Q2 2025 |
| Michigan · Administrative & Waste Services · $150K – $350K | 504 | 13 | — | $248K | Q3 2025 |
| Michigan · General Merchandise · $150K – $350K | 504 | 12 | — | $218K | Q4 2021 |
| Michigan · Other Health Practitioners · $500K – $1M | 504 | 11 | — | $660K | Q2 2025 |
| Michigan · Hotels & Accommodation · $1M – $2M | 504 | 11 | — | $1.2M | Q4 2025 |
| Michigan · Retail Trade · $150K – $350K | 504 | 10 | — | $239K | Q1 2025 |
| Michigan · Other Health Practitioners · Under $150K | 504 | 10 | — | $105K | Q3 2024 |
| Michigan · Manufacturing · $2M – $5M | 504 | 10 | — | $2.6M | Q4 2024 |
| Michigan · Food & Beverage Stores · $150K – $350K | 504 | 10 | — | $225K | Q1 2021 |
| Michigan · Restaurants & Food Service · $1M – $2M | 504 | 9 | — | $1.2M | Q3 2025 |
| Michigan · Hotels & Accommodation · $350K – $500K | 504 | 9 | — | $438K | Q3 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 Great Lakes Commercial Finance.
No reviews yet. Be the first to review Great Lakes Commercial Finance.