Lake Michigan CU
12 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 12
- Total approved
- $18.0M
- Median loan
- $1.5M
- Middle half of loans
- $637K to $2.0M
- Median starting rate
- 7.50%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 10 industries and 2 states and territories. The largest industry by count was Conveyor and Conveying Equipment Manufacturing (2 of 12 approvals). Michigan had the highest count among recorded project locations (10).
The median approved loan was $1.5M 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 | Conveyor and Conveying Equipment Manufacturing | 2 | 17% | $1.2M | $2.3M |
| 2 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | 17% | $1.1M | $2.2M |
| 3 | Beer, Wine, and Liquor Retailers | 1 | 8% | $3.3M | $3.3M |
| 4 | Flooring Contractors | 1 | 8% | $3.1M | $3.1M |
| 5 | Limited-Service Restaurants | 1 | 8% | $1.9M | $1.9M |
| 6 | Sign Manufacturing | 1 | 8% | $1.7M | $1.7M |
| 7 | Floor Covering Retailers | 1 | 8% | $1.3M | $1.3M |
| 8 | Full-Service Restaurants | 1 | 8% | $1.0M | $1.0M |
| 9 | Meat Retailers | 1 | 8% | $662K | $662K |
| 10 | Offices of Chiropractors | 1 | 8% | $562K | $562K |