SBA lender profile
Great Lakes Commercial Finance
Great Lakes Commercial Finance appears in the public SBA loan data with 971 funded 504 loans totaling $605.3M, an average of $623K per loan, and an estimated 8,579 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
971
Total volume
$605.3M
Average loan size
$623K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
8,579
Programs
504
Great Lakes Commercial Finance is a Certified Development Company (a 504 lender), not an FDIC-insured bank.
Where Great Lakes Commercial Finance lends
Top states by funded SBA volume.
What Great Lakes Commercial Finance funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 185 | $125.9M |
| Accommodation and Food Services | 149 | $110.5M |
| Health Care and Social Assistance | 121 | $60.1M |
| Retail Trade | 104 | $59.2M |
| Other Services | 78 | $44.4M |
| Arts, Entertainment, Recreation | 42 | $38.5M |
Great Lakes Commercial Finance SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 48 | $13.9M |
| 2011 | 58 | $26.4M |
| 2012 | 91 | $48.1M |
| 2013 | 68 | $30.0M |
| 2014 | 62 | $24.7M |
| 2015 | 56 | $27.8M |
| 2016 | 49 | $36.7M |
| 2017 | 58 | $33.3M |
| 2018 | 62 | $29.9M |
| 2019 | 37 | $25.7M |
| 2020 | 54 | $30.7M |
| 2021 | 89 | $54.3M |
| 2022 | 73 | $61.8M |
| 2023 | 49 | $45.9M |
| 2024 | 38 | $36.7M |
| 2025 | 58 | $61.5M |
| 2026 | 21 | $17.9M |
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 Great Lakes Commercial Finance'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.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.