SBA lender profile
Northern Great Lakes Initiatives
Northern Great Lakes Initiatives appears in the public SBA loan data with 23 funded 7(a) loans totaling $3.8M, an average of $165K per loan, and an estimated 112 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
23
Total volume
$3.8M
Average loan size
$165K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
112
Programs
7(a)
Where Northern Great Lakes Initiatives lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Michigan | 23 | $3.8M |
What Northern Great Lakes Initiatives funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 6 | $1.0M |
| Retail Trade | 4 | $676K |
| Manufacturing | 3 | $484K |
| Administrative and Support | 2 | $467K |
| Wholesale Trade | 2 | $248K |
| Educational Services | 1 | $207K |
Northern Great Lakes Initiatives SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 5 | $795K |
| 2021 | 7 | $1.0M |
| 2022 | 4 | $726K |
| 2023 | 1 | $217K |
| 2024 | 1 | $328K |
| 2025 | 5 | $693K |
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 Northern Great Lakes Initiatives'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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