SBA lender profile
Bank Michigan
Bank Michigan appears in the public SBA loan data with 71 funded 7(a) loans totaling $54.7M, an average of $770K per loan, and an estimated 1,315 jobs supported. Its SBA lending concentrates in Michigan and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
71
Total volume
$54.7M
Average loan size
$770K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
1,315
Programs
7(a)
Bank profile
via FDIC- Total assets
- $160M
- Headquarters
- Brooklyn, MI
- FDIC cert
- #1008
- Status
- Active
Where Bank Michigan lends
Top states by funded SBA volume.
What Bank Michigan funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 14 | $13.2M |
| Health Care and Social Assistance | 6 | $11.8M |
| Accommodation and Food Services | 7 | $7.8M |
| Transportation and Warehousing | 3 | $5.2M |
| Other Services | 10 | $4.6M |
| Retail Trade | 11 | $3.5M |
Bank Michigan SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 4 | $3.3M |
| 2021 | 12 | $3.9M |
| 2022 | 15 | $11.4M |
| 2023 | 8 | $5.5M |
| 2024 | 19 | $15.6M |
| 2025 | 9 | $12.8M |
| 2026 | 4 | $2.1M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Bank Michigan's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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