Bank Michigan
13 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 13
- Total approved
- $8.7M
- Median loan
- $418K
- Middle half of loans
- $229K to $1.1M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 11 industries and 1 state or territory. The largest industry by count was Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) (2 of 13 approvals). Michigan had the highest count among recorded project locations (13).
The median approved loan was $418K versus $707K across the index for FY2024–FY2026. This profile is based on a small sample. Differences can reflect which industries, markets and deal sizes the lender serves.
Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) | 2 | 15% | $600K | $1.2M |
| 2 | Glass and Glazing Contractors | 2 | 15% | $360K | $720K |
| 3 | Beer, Wine, and Liquor Retailers | 1 | 8% | $1.9M | $1.9M |
| 4 | Other Building Material Dealers | 1 | 8% | $1.4M | $1.4M |
| 5 | Vocational Rehabilitation Services | 1 | 8% | $1.3M | $1.3M |
| 6 | General Automotive Repair | 1 | 8% | $758K | $758K |
| 7 | Child Care Services | 1 | 8% | $418K | $418K |
| 8 | Baked Goods Retailers | 1 | 8% | $296K | $296K |
| 9 | All Other Personal Services | 1 | 8% | $281K | $281K |
| 10 | Automotive Oil Change and Lubrication Shops | 1 | 8% | $229K | $229K |
| 11 | Fitness and Recreational Sports Centers | 1 | 8% | $188K | $188K |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Michigan | 13 | 100% | $418K | $8.7M |