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
166
2010–2025
Total Volume
$33M
Gross loan amounts
States Active
1
With recorded loans
Programs
7(a) & 504
166 total segments
Honor Bank has a strong focus on existing businesses, with 79% of their deals supporting established companies. This is beneficial if you're looking to expand or refinance an existing operation.
With an average 7(a) spread of P+1.50%, Honor Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of the loan.
Honor Bank's total volume of $33M with a 29% YoY decline in growth suggests they may be tightening their lending criteria. If you're considering applying, be prepared to present a strong case for your business.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 17 504 loans, which use fixed SBA debenture rates.
States where Honor Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Real Estate
Real Estate
Retail Trade
Retail Trade
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Other Health Practitioners
Health Care & Social Assistance
Administrative & Waste Services
Administrative & Waste Services
Finance & Insurance
Finance & Insurance
Wholesale Trade
Wholesale Trade
+ 7 more
All recorded SBA lending activity for Honor Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Real Estate · Under $150K | 7(a) | 13 | P+2.25% | $80K | Q2 2020 |
| Michigan · Retail Trade · Under $150K | 7(a) | 12 | P+2.25% | $61K | Q3 2019 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 11 | P+2.50% | $84K | Q4 2021 |
| Michigan · Administrative & Waste Services · Under $150K | 7(a) | 10 | P+1.88% | $81K | Q4 2022 |
| Michigan · Manufacturing · Under $150K | 7(a) | 10 | P+2.13% | $77K | Q1 2017 |
| Michigan · Other Health Practitioners · Under $150K | 7(a) | 6 | P+1.63% | $52K | Q4 2018 |
| Michigan · Real Estate · $150K – $350K | 7(a) | 5 | P+2.00% | $247K | Q2 2020 |
| Michigan · Wholesale Trade · Under $150K | 7(a) | 5 | P+2.25% | $61K | Q2 2014 |
| Michigan · Information & Media · Under $150K | 7(a) | 5 | P+1.75% | $65K | Q2 2020 |
| Michigan · Specialty Trade Contractors · Under $150K | 7(a) | 4 | P+2.25% | $46K | Q3 2018 |
| Michigan · General Merchandise · Under $150K | 7(a) | 4 | P+2.23% | $72K | Q2 2015 |
| Michigan · Other Repair & Services · Under $150K | 7(a) | 4 | P+2.75% | $69K | Q3 2015 |
| Michigan · Heavy & Civil Engineering · Under $150K | 7(a) | 3 | P+1.75% | $95K | Q1 2014 |
| Michigan · Building Construction · Under $150K | 7(a) | 3 | P+1.75% | $73K | Q3 2019 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 3 | P+2.25% | $277K | Q2 2015 |
| Michigan · Real Estate · $150K – $350K | 504 | 2 | — | $299K | Q3 2025 |
| Michigan · Restaurants & Food Service · $500K – $1M | 7(a) | 2 | P+1.13% | $909K | Q2 2025 |
| Michigan · Wholesale Trade · $150K – $350K | 7(a) | 2 | P+2.50% | $338K | Q1 2012 |
| Michigan · Food & Beverage Stores · $150K – $350K | 7(a) | 2 | P+1.25% | $249K | Q4 2024 |
| Michigan · Other Professional Services · Under $150K | 7(a) | 2 | P+2.38% | $63K | Q3 2020 |
| Michigan · Auto Repair & Maintenance · $150K – $350K | 7(a) | 2 | P+0.25% | $252K | Q3 2017 |
| Michigan · Auto Dealers & Parts · Under $150K | 7(a) | 2 | P+1.93% | $70K | Q2 2015 |
| Michigan · Hotels & Accommodation · Under $150K | 7(a) | 2 | P+1.75% | $50K | Q4 2014 |
| Michigan · Finance & Insurance · $150K – $350K | 7(a) | 2 | P+0.88% | $318K | Q2 2017 |
| Michigan · Agriculture & Forestry · Under $150K | 7(a) | 2 | P+1.75% | $100K | Q2 2016 |
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 Honor Bank.
No reviews yet. Be the first to review Honor Bank.