ChoiceOne Bank
19 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 19
- Total approved
- $14.3M
- Median loan
- $545K
- Middle half of loans
- $245K to $1.1M
- Median starting rate
- 8.50%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 13 industries and 2 states and territories. The largest industry by count was Limited-Service Restaurants (3 of 19 approvals). Michigan had the highest count among recorded project locations (18).
The median approved loan was $545K 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 | Limited-Service Restaurants | 3 | 16% | $545K | $2.0M |
| 2 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | 11% | $2.0M | $3.9M |
| 3 | Hardware Retailers | 2 | 11% | $1.2M | $2.4M |
| 4 | Full-Service Restaurants | 2 | 11% | $1.0M | $2.1M |
| 5 | Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers | 2 | 11% | $485K | $970K |
| 6 | Bolt, Nut, Screw, Rivet, and Washer Manufacturing | 1 | 5% | $861K | $861K |
| 7 | Offices of Physicians (except Mental Health Specialists) | 1 | 5% | $612K | $612K |
| 8 | RV (Recreational Vehicle) Parks and Campgrounds | 1 | 5% | $300K | $300K |
| 9 | Offices of Optometrists | 1 | 5% | $294K | $294K |
| 10 | Other Millwork (including Flooring) | 1 | 5% | $253K | $253K |
| 11 | General Automotive Repair | 1 | 5% | $236K | $236K |
| 12 | Machine Shops | 1 | 5% | $200K | $200K |
| 13 | Pet Care (except Veterinary) Services | 1 | 5% | $163K | $163K |