Bank · Sparta, MI
ChoiceOne Bank
Made 18 SBA 7(a) change-of-ownership loans totaling $14.1M in FY2024 to FY2026: #165 of 1,054 lenders by loans and #203 by dollars. Lends in 2 states. Part of Choiceone Finl Services Inc.
#165by loans, FY24–26
18loans
$14.1Mapproved
$579Kmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 3 | $1.3M | $253K | 0.1% |
| FY2025 | 4 | $1.3M | $297K | 0.1% |
| FY2026 | 11 | $11.4M | $1.1M | 0.2% |
Loan size
Deal size mix
33% of its loans were $1M or more.
- Under $350K8 loans · 44% · $1.8M
- $350K to $1M4 loans · 22% · $2.9M
- $1M to $2M5 loans · 28% · $6.6M
- $2M to $5M1 loans · 6% · $2.8M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Accommodation & Food Services | 6 | $4.4M |
| Manufacturing | 5 | $2.3M |
| Retail Trade | 4 | $6.3M |
| Health Care & Social Assistance | 2 | $906K |
| Other Services | 1 | $163K |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Michigan | 17 | $11.3M |
| Indiana | 1 | $2.8M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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