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
103
2010–2025
Total Volume
$44M
Gross loan amounts
States Active
1
With recorded loans
Programs
7(a) & 504
103 total segments
Lake Trust CU has a strong focus on startups, with 53% of their SBA deals going to new businesses. This could be a great option if you're starting a new venture.
With an average 7(a) spread of P+1.94%, Lake Trust CU offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest.
Although Lake Trust CU has a minimal 504 presence (8% of deals), they still offer a balanced mix of financing options. If you need a 504 loan, consider this before applying.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 8 504 loans, which use fixed SBA debenture rates.
States where Lake Trust CU has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Transportation & Warehousing
Transportation & Warehousing
Other Health Practitioners
Health Care & Social Assistance
Manufacturing
Manufacturing
Auto Repair & Maintenance
Other Services
Food & Beverage Stores
Retail Trade
Specialty Trade Contractors
Construction
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
+ 7 more
All recorded SBA lending activity for Lake Trust CU, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 8 | P+2.13% | $262K | Q4 2023 |
| Michigan · Restaurants & Food Service · $500K – $1M | 7(a) | 6 | P+1.63% | $673K | Q1 2025 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 5 | P+2.50% | $77K | Q4 2021 |
| Michigan · Manufacturing · Under $150K | 7(a) | 5 | P+2.50% | $57K | Q3 2019 |
| Michigan · Auto Repair & Maintenance · $150K – $350K | 7(a) | 4 | P+2.25% | $271K | Q1 2025 |
| Michigan · Transportation & Warehousing · $150K – $350K | 7(a) | 4 | P+2.13% | $246K | Q2 2025 |
| Michigan · Other Health Practitioners · Under $150K | 7(a) | 4 | P+1.75% | $54K | Q3 2021 |
| Michigan · Transportation & Warehousing · $500K – $1M | 7(a) | 4 | P+2.25% | $672K | Q1 2017 |
| Michigan · Other Health Practitioners · $150K – $350K | 7(a) | 4 | P+2.00% | $204K | Q1 2025 |
| Michigan · Food & Beverage Stores · Under $150K | 7(a) | 4 | P+2.75% | $92K | Q1 2022 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 7(a) | 3 | P+2.25% | $265K | Q3 2025 |
| Michigan · Transportation & Warehousing · Under $150K | 7(a) | 3 | P+2.00% | $127K | Q1 2017 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 3 | P+2.25% | $246K | Q2 2021 |
| Michigan · Other Health Practitioners · $1M – $2M | 7(a) | 2 | P+1.25% | $1.2M | Q3 2021 |
| Michigan · Specialty Trade Contractors · Under $150K | 7(a) | 2 | P+1.63% | $75K | Q2 2023 |
| Michigan · Other Repair & Services · Under $150K | 7(a) | 2 | P+1.50% | $100K | Q3 2024 |
| Michigan · Wholesale Trade · Under $150K | 7(a) | 2 | P+3.38% | $50K | Q2 2017 |
| Michigan · Restaurants & Food Service · $1M – $2M | 7(a) | 2 | P+1.50% | $1.3M | Q4 2021 |
| Michigan · Hotels & Accommodation · $2M – $5M | 504 | 2 | — | $2.5M | Q3 2018 |
| Michigan · Administrative & Waste Services · $350K – $500K | 7(a) | 2 | P+1.13% | $485K | Q4 2024 |
| Michigan · Arts, Entertainment & Recreation · Under $150K | 7(a) | 2 | P+2.63% | $52K | Q3 2012 |
| Michigan · Transportation & Warehousing · $1M – $2M | 7(a) | 1 | P+1.25% | $1.7M | Q1 2017 |
| Michigan · Transportation & Warehousing · $350K – $500K | 7(a) | 1 | P+2.25% | $367K | Q1 2017 |
| Michigan · Real Estate · $150K – $350K | 7(a) | 1 | P+0.00% | $247K | Q3 2023 |
| Michigan · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 1 | P+2.75% | $220K | Q4 2021 |
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