Bank Michigan
Headquartered in BROOKLYN, MI. Analysis based on 68 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $52.9M.
Total 7(a) loans
68
Total approved
$52.9M
Average loan
$777K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
41.03%
Average rate
8.45%
Average term
161 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 4 |
| 722511 | Full-Service Restaurants | 4 |
| 312140 | Distilleries | 3 |
| 561730 | Landscaping Services | 3 |
| 321999 | All Other Miscellaneous Wood Product Manufacturing | 2 |
| 311991 | Perishable Prepared Food Manufacturing | 2 |
| 444220 | Nursery and Garden Centers | 2 |
| 311920 | Coffee and Tea Manufacturing | 2 |
| 238150 | Glass and Glazing Contractors | 2 |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 2 |
Top 10 states
| State | Loans |
|---|---|
| MI | 67 |
| OH | 1 |
Top franchise brands financed
8 franchise loans across 7 distinct brands.
| Franchise | Loans |
|---|---|
| Camp Bow Wow | 2 |
| Fowling Warehouse | 1 |
| BEARCLAW COFFEE CO. | 1 |
| Tropical Smoothie Cafe | 1 |
| Play It Again Sports | 1 |
| RPF Oil Company (Clark Brand) | 1 |
| Great Harvest Bread Co. | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.