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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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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of March 31, 2026
Median
$300K
Average
$538K
Sweet Spot
$0-$500K
Industries with highest loan volume
RV (Recreational Vehicle) Parks and Campgrounds
3
loans
$300K
avg. amount
RV (Recreational Vehicle) Parks and Campgrounds
Loans
3
Avg. Amount
$300K
Hardware Retailers
2
loans
$1.2M
avg. amount
Hardware Retailers
Loans
2
Avg. Amount
$1.2M
Limited-Service Restaurants
2
loans
$413K
avg. amount
Limited-Service Restaurants
Loans
2
Avg. Amount
$413K
Offices of Optometrists
2
loans
$294K
avg. amount
Offices of Optometrists
Loans
2
Avg. Amount
$294K
Full-Service Restaurants
1
loans
$227K
avg. amount
Full-Service Restaurants
Loans
1
Avg. Amount
$227K
Supermarkets and Other Grocery Retailers (except Convenience Retailers)
1
loans
$1.1M
avg. amount
Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Loans
1
Avg. Amount
$1.1M
Other Millwork (including Flooring)
1
loans
$253K
avg. amount
Other Millwork (including Flooring)
Loans
1
Avg. Amount
$253K
All Other Miscellaneous Fabricated Metal Product Manufacturing
1
loans
$626K
avg. amount
All Other Miscellaneous Fabricated Metal Product Manufacturing
Loans
1
Avg. Amount
$626K
All Other Amusement and Recreation Industries
1
loans
$990K
avg. amount
All Other Amusement and Recreation Industries
Loans
1
Avg. Amount
$990K
Machine Shops
1
loans
$200K
avg. amount
Machine Shops
Loans
1
Avg. Amount
$200K
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.33% |
| $500K-$1M | Prime + 1.19% |
| $1M-$2M | Prime + 0.45% |
Spread over Prime at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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