SBA lender profile
Northern Great Lakes Initiatives
Northern Great Lakes Initiatives appears in the public SBA loan data with 82 funded 7(a) loans since FY2010, totaling $12.4M, an average of $151K per loan, and an estimated 428 jobs supported. Its SBA lending concentrates in Michigan and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 8.5%. 6.1% 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 51
- Scale 32
- Activity 27
- Consistency 77
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Northern Great Lakes Initiatives the right lender for you?
Lenders fund what they know. Northern Great Lakes Initiatives's SBA lending concentrates in Michigan (82 loans) and Accommodation and Food Services (24 loans), at an average loan of $151K. If your business does not look like that, a different SBA lender is likely the better fit.
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Where Northern Great Lakes Initiatives lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Michigan | 82 | $12.4M |
Metro areas where Northern Great Lakes Initiatives funds
What Northern Great Lakes Initiatives funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 24 | $4.0M |
| Retail Trade | 10 | $1.6M |
| Manufacturing | 9 | $1.3M |
| Other Services | 10 | $1.2M |
| Construction | 5 | $901K |
| Transportation and Warehousing | 5 | $587K |
Northern Great Lakes Initiatives SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2011 | 2 | $333K |
| 2012 | 6 | $1.2M |
| 2013 | 4 | $727K |
| 2014 | 7 | $1.1M |
| 2015 | 11 | $1.3M |
| 2016 | 11 | $1.7M |
| 2017 | 11 | $1.4M |
| 2018 | 7 | $867K |
| 2020 | 5 | $795K |
| 2021 | 7 | $1.0M |
| 2022 | 4 | $726K |
| 2023 | 1 | $217K |
| 2024 | 1 | $328K |
| 2025 | 5 | $693K |
Related SBA lenders
Other lenders active in Michigan or in Accommodation and Food Services.
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Northern Great Lakes Initiatives: frequently asked questions
Does Northern Great Lakes Initiatives offer SBA loans?
Yes. Northern Great Lakes Initiatives appears in the public SBA data with 82 funded SBA 7(a) loans totaling $12.4M.
How many SBA loans has Northern Great Lakes Initiatives made?
Northern Great Lakes Initiatives is associated with 82 SBA 7(a) loans totaling $12.4M in the public SBA data (as of 2026-03-31).
What is Northern Great Lakes Initiatives's SBA charge-off rate?
About 8.5% of Northern Great Lakes Initiatives'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 Northern Great Lakes Initiatives do most of its SBA lending?
Northern Great Lakes Initiatives's SBA lending in the data is most concentrated in Michigan, and by industry in Accommodation and Food Services.
Is Northern Great Lakes Initiatives an SBA Preferred Lender (PLP)?
The loan record shows Northern Great Lakes Initiatives operating under PLP delegated authority: 5 of its 7(a) loans (6.1%) were processed through the Preferred Lenders Program, including 5 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). Northern Great Lakes Initiatives SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/northern-great-lakes-initiatives/
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