SBA lender profile
Lake Michigan CU
Lake Michigan CU appears in the public SBA loan data with 357 funded 7(a) loans since FY2010, totaling $348.2M, an average of $975K per loan, and an estimated 5,849 jobs supported. Its SBA lending concentrates in Florida and the Wholesale Trade sector. Across its 7(a) loans, the charge-off rate is 1.7%. 66.4% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 80
- Scale 83
- Activity 87
- Consistency 70
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Lake Michigan CU the right lender for you?
Lenders fund what they know. Lake Michigan CU's SBA lending concentrates in Florida (310 loans) and Wholesale Trade (31 loans), at an average loan of $975K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Where Lake Michigan CU lends
Top states by funded SBA volume.
Metro areas where Lake Michigan CU funds
What Lake Michigan CU funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 31 | $53.1M |
| Accommodation and Food Services | 52 | $46.0M |
| Manufacturing | 24 | $40.4M |
| Construction | 41 | $36.3M |
| Retail Trade | 35 | $33.0M |
| Administrative and Support | 32 | $31.0M |
Lake Michigan CU SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 2 | $133K |
| 2011 | 3 | $1.9M |
| 2012 | 5 | $2.6M |
| 2013 | 3 | $615K |
| 2014 | 4 | $1.3M |
| 2016 | 1 | $160K |
| 2018 | 4 | $1.9M |
| 2019 | 23 | $26.1M |
| 2020 | 41 | $55.6M |
| 2021 | 103 | $110.0M |
| 2022 | 38 | $37.8M |
| 2023 | 59 | $55.7M |
| 2024 | 41 | $31.9M |
| 2025 | 16 | $8.7M |
| 2026 | 14 | $13.9M |
Related SBA lenders
Other lenders active in Florida or in Wholesale Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Lake Michigan CU: frequently asked questions
Does Lake Michigan CU offer SBA loans?
Yes. Lake Michigan CU appears in the public SBA data with 357 funded SBA 7(a) loans totaling $348.2M.
How many SBA loans has Lake Michigan CU made?
Lake Michigan CU is associated with 357 SBA 7(a) loans totaling $348.2M in the public SBA data (as of 2026-03-31).
What is Lake Michigan CU's SBA charge-off rate?
About 1.7% of Lake Michigan CU's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Lake Michigan CU do most of its SBA lending?
Lake Michigan CU's SBA lending in the data is most concentrated in Florida, and by industry in Wholesale Trade.
Is Lake Michigan CU an SBA Preferred Lender (PLP)?
The loan record shows Lake Michigan CU operating under PLP delegated authority: 237 of its 7(a) loans (66.4%) were processed through the Preferred Lenders Program, including 64 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Lake Michigan CU SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/lake-michigan-cu/
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