SBA lender profile
MI Bank
MI Bank appears in the public SBA loan data with 19 funded 7(a) loans totaling $12.0M, an average of $630K per loan, and an estimated 538 jobs supported. Its SBA lending concentrates in Michigan and the Arts, Entertainment, Recreation 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
19
Total volume
$12.0M
Average loan size
$630K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
538
Programs
7(a)
Bank profile
via FDIC- Total assets
- $257M
- Headquarters
- Bloomfield Township, MI
- FDIC cert
- #59138
- Status
- Active
Where MI Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Michigan | 18 | $9.8M |
| New Jersey | 1 | $2.2M |
What MI Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Arts, Entertainment, Recreation | 3 | $3.0M |
| Administrative and Support | 1 | $2.0M |
| Accommodation and Food Services | 3 | $1.9M |
| Other Services | 6 | $1.7M |
| Real Estate | 3 | $1.6M |
| Health Care and Social Assistance | 2 | $1.4M |
MI Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $890K |
| 2021 | 3 | $1.8M |
| 2022 | 3 | $1.9M |
| 2023 | 3 | $3.9M |
| 2024 | 3 | $2.4M |
| 2025 | 5 | $1.1M |
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 MI 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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