SBA lending by metro area
SBA lenders in Iron Mountain, MI
Which lenders fund Iron Mountain-area businesses, how much, and how the market compares with Michigan: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Iron Mountain area
Ranked by SBA volume funded to businesses located in the Iron Mountain micropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Great North Bank | 27 | $13.3M | $492K | 14.81% |
| 2 | First National Bank & Trust Co | 18 | $11.1M | $616K | not reported |
| 3 | Nicolet National Bank | 8 | $7.5M | $936K | not reported |
| 4 | IncredibleBank | 7 | $1.5M | $210K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Iron Mountain compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Iron Mountain area | $255K ▲ 104.0% | 4.1% ▼ 4.1 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Iron Mountain
| Industry | Loans | Total funded |
|---|---|---|
| Agriculture, Forestry, Fishing | 8 | $10.7M |
| Accommodation and Food Services | 19 | $8.3M |
| Wholesale Trade | 6 | $7.9M |
| Retail Trade | 11 | $5.4M |
| Construction | 12 | $4.8M |
| Other Services | 9 | $4.0M |
| Transportation and Warehousing | 9 | $3.5M |
| Manufacturing | 8 | $3.4M |
SBA lending in Iron Mountain by year
Geography, precisely
"Iron Mountain area" here means the Iron Mountain, MI-WI micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Dickinson County, MI; Florence County, WI. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.