ChoiceOne Bank
ChoiceOne Bank is a community-focused financial institution offering comprehensive banking and wealth solutions across Michigan. Founded in 1898, the bank serves personal, mortgage, business, and wealth management customers through 56 offices in West, Central, and Southeast Michigan with assets over $4 billion.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (16 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
ChoiceOne Bank ranks #96 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of ChoiceOne Bank’s 7(a) acquisition lending falls in the $0-$500K range: 8 loans, 50.0% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 8 | 50.0% | |
| $500K-$1M | 5 | 31.3% | |
| $1M-$2M | 3 | 18.8% |
Industries with highest loan volume
Hardware Retailers
2
loans
$1.2M
avg. amount
Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
2
loans
$485K
avg. amount
Limited-Service Restaurants
2
loans
$413K
avg. amount
Pet Care (except Veterinary) Services
1
loans
$163K
avg. amount
All Other Amusement and Recreation Industries
1
loans
$990K
avg. amount
RV (Recreational Vehicle) Parks and Campgrounds
1
loans
$300K
avg. amount
Bolt, Nut, Screw, Rivet, and Washer Manufacturing
1
loans
$861K
avg. amount
Full-Service Restaurants
1
loans
$227K
avg. amount
Other Millwork (including Flooring)
1
loans
$253K
avg. amount
Offices of Optometrists
1
loans
$294K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
ChoiceOne Bank’s median variable rate is + 1.50%, against a market median of Prime + 1.88%, 38 below market.
1 of the 16 loans in its trailing three-year book carried a fixed rate; the rest were variable.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.54% |
| $500K-$1M | Prime + 1.55% |
| $1M-$2M | Prime + 0.45% |
over at time of loan origination
ChoiceOne Bank has originated 7(a) acquisition loans in 1 states, most actively in Michigan (16). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Michigan | 16 | 100.0% |
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