SBA lender profile
ChoiceOne Bank
ChoiceOne Bank appears in the public SBA loan data with 462 funded 7(a) loans totaling $294.3M, an average of $637K per loan, and an estimated 9,051 jobs supported. Its SBA lending concentrates in Michigan and the Health Care and Social Assistance 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
462
Total volume
$294.3M
Average loan size
$637K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
9,051
Programs
7(a)
Bank profile
via FDIC- Total assets
- $4.4B
- Headquarters
- Sparta, MI
- FDIC cert
- #1014
- Status
- Active
Where ChoiceOne Bank lends
Top states by funded SBA volume.
What ChoiceOne Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Health Care and Social Assistance | 70 | $52.1M |
| Retail Trade | 64 | $34.7M |
| Construction | 71 | $33.4M |
| Manufacturing | 46 | $32.7M |
| Accommodation and Food Services | 47 | $29.3M |
| Real Estate | 22 | $25.1M |
ChoiceOne Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 51 | $27.0M |
| 2021 | 108 | $93.7M |
| 2022 | 89 | $45.9M |
| 2023 | 89 | $48.0M |
| 2024 | 72 | $45.5M |
| 2025 | 34 | $20.6M |
| 2026 | 19 | $13.8M |
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 ChoiceOne Bank'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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