Credit union · Grand Rapids, MI
Lake Michigan CU
Made 12 SBA 7(a) change-of-ownership loans totaling $18.0M in FY2024 to FY2026: #217 of 1,054 lenders by loans and #177 by dollars. Lends in 2 states.
#217by loans, FY24–26
12loans
$18.0Mapproved
$1.5Mmedian 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 |
|---|---|---|---|---|
| FY2025 | 3 | $3.5M | $1.0M | 0.0% |
| FY2026 | 9 | $14.5M | $1.7M | 0.1% |
Loan size
Deal size mix
67% of its loans were $1M or more.
- Under $350K2 loans · 17% · $450K
- $350K to $1M2 loans · 17% · $1.2M
- $1M to $2M5 loans · 42% · $7.8M
- $2M to $5M3 loans · 25% · $8.5M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Construction | 3 | $5.3M |
| Manufacturing | 3 | $4.0M |
| Retail Trade | 3 | $5.3M |
| Accommodation & Food Services | 2 | $2.9M |
| Health Care & Social Assistance | 1 | $562K |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Michigan | 10 | $16.8M |
| Florida | 2 | $1.2M |
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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