SBA lender profile
Lake Trust CU
Lake Trust CU appears in the public SBA loan data with 40 funded 7(a) loans totaling $15.5M, an average of $386K per loan, and an estimated 573 jobs supported. Its SBA lending concentrates in Michigan and the Accommodation and Food Services 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
40
Total volume
$15.5M
Average loan size
$386K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
573
Programs
7(a)
Where Lake Trust CU lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Michigan | 40 | $15.5M |
What Lake Trust CU funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 14 | $6.6M |
| Retail Trade | 5 | $1.9M |
| Professional and Technical Services | 2 | $1.6M |
| Health Care and Social Assistance | 4 | $1.5M |
| Other Services | 5 | $1.1M |
| Administrative and Support | 2 | $970K |
Lake Trust CU SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 6 | $3.5M |
| 2021 | 7 | $2.5M |
| 2022 | 7 | $2.7M |
| 2023 | 4 | $637K |
| 2024 | 6 | $2.9M |
| 2025 | 9 | $2.9M |
| 2026 | 1 | $252K |
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 Lake Trust CU'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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