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
104
2010–2024
Total Volume
$68M
Gross loan amounts
States Active
2
With recorded loans
Programs
7(a) & 504
104 total segments
West Shore Bank has a strong focus on startups, with 47% of their SBA deals going to new businesses. This could be beneficial if you're a first-time borrower looking for support.
Their average 7(a) spread of P+1.60% is significantly lower than the national median of ~P+2.75%. This suggests that borrowing costs could be more favorable with West Shore Bank compared to other lenders.
Despite their solid offerings, West Shore Bank's growth trend shows an 8% decline year-over-year. This could indicate potential challenges in securing approval or support as they may be tightening lending criteria.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 14 504 loans, which use fixed SBA debenture rates.
States where West Shore Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Food & Beverage Stores
Retail Trade
Auto Repair & Maintenance
Other Services
Administrative & Waste Services
Administrative & Waste Services
Real Estate
Real Estate
Manufacturing
Manufacturing
Retail Trade
Retail Trade
Hotels & Accommodation
Accommodation & Food Services
+ 7 more
All recorded SBA lending activity for West Shore Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 5 | P+2.25% | $280K | Q3 2023 |
| Michigan · Food & Beverage Stores · $350K – $500K | 7(a) | 4 | P+2.25% | $443K | Q2 2023 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 7(a) | 3 | P+1.00% | $279K | Q2 2023 |
| Michigan · Food & Beverage Stores · $150K – $350K | 7(a) | 3 | P+2.25% | $342K | Q1 2022 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 3 | P+2.00% | $52K | Q4 2020 |
| Michigan · Restaurants & Food Service · $350K – $500K | 7(a) | 3 | P+1.25% | $416K | Q3 2024 |
| Michigan · Restaurants & Food Service · $500K – $1M | 7(a) | 3 | P+1.75% | $712K | Q3 2023 |
| Michigan · Auto Repair & Maintenance · $150K – $350K | 7(a) | 3 | P+2.00% | $264K | Q4 2023 |
| Michigan · Auto Repair & Maintenance · $500K – $1M | 7(a) | 3 | P+1.75% | $687K | Q3 2021 |
| Michigan · Arts, Entertainment & Recreation · $1M – $2M | 7(a) | 2 | P+1.38% | $1.6M | Q2 2022 |
| Michigan · Manufacturing · $500K – $1M | 7(a) | 2 | P+1.75% | $677K | Q3 2023 |
| Michigan · Other Services · $500K – $1M | 7(a) | 2 | P+2.06% | $727K | Q2 2016 |
| Michigan · Real Estate · $500K – $1M | 7(a) | 2 | P+2.00% | $672K | Q1 2022 |
| Michigan · General Merchandise · $150K – $350K | 7(a) | 2 | P+1.88% | $310K | Q3 2021 |
| Michigan · Real Estate · $350K – $500K | 7(a) | 2 | P+2.13% | $398K | Q1 2024 |
| Michigan · Retail Trade · $150K – $350K | 7(a) | 2 | P+1.63% | $270K | Q2 2021 |
| Michigan · Retail Trade · $1M – $2M | 7(a) | 2 | P+1.00% | $1.4M | Q4 2023 |
| Michigan · Real Estate · $500K – $1M | 504 | 2 | — | $753K | Q3 2023 |
| Michigan · Restaurants & Food Service · $150K – $350K | 504 | 2 | — | $304K | Q2 2019 |
| Michigan · Food & Beverage Stores · $1M – $2M | 7(a) | 2 | P+1.10% | $1.2M | Q4 2023 |
| Michigan · Administrative & Waste Services · Under $150K | 7(a) | 2 | P+1.38% | $78K | Q4 2022 |
| Michigan · Hotels & Accommodation · $150K – $350K | 7(a) | 2 | P+1.88% | $233K | Q2 2018 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 2 | P+1.38% | $254K | Q2 2023 |
| Michigan · Hotels & Accommodation · $350K – $500K | 7(a) | 2 | P+1.50% | $368K | Q1 2024 |
| Michigan · Administrative & Waste Services · $350K – $500K | 7(a) | 2 | P+1.00% | $487K | Q1 2024 |
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