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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
$423K
Average
$589K
Sweet Spot
$0-$500K
Industries with highest loan volume
Limited-Service Restaurants
2
loans
$413K
avg. amount
Limited-Service Restaurants
2
loans
$413K
avg
Hardware Retailers
2
loans
$1.2M
avg. amount
Hardware Retailers
2
loans
$1.2M
avg
Bolt, Nut, Screw, Rivet, and Washer Manufacturing
1
loans
$861K
avg. amount
Bolt, Nut, Screw, Rivet, and Washer Manufacturing
1
loans
$861K
avg
All Other Amusement and Recreation Industries
1
loans
$990K
avg. amount
All Other Amusement and Recreation Industries
1
loans
$990K
avg
Offices of Optometrists
1
loans
$294K
avg. amount
Offices of Optometrists
1
loans
$294K
avg
Full-Service Restaurants
1
loans
$227K
avg. amount
Full-Service Restaurants
1
loans
$227K
avg
Supermarkets and Other Grocery Retailers (except Convenience Retailers)
1
loans
$1.1M
avg. amount
Supermarkets and Other Grocery Retailers (except Convenience Retailers)
1
loans
$1.1M
avg
All Other Miscellaneous Fabricated Metal Product Manufacturing
1
loans
$626K
avg. amount
All Other Miscellaneous Fabricated Metal Product Manufacturing
1
loans
$626K
avg
Machine Shops
1
loans
$200K
avg. amount
Machine Shops
1
loans
$200K
avg
RV (Recreational Vehicle) Parks and Campgrounds
1
loans
$300K
avg. amount
RV (Recreational Vehicle) Parks and Campgrounds
1
loans
$300K
avg
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.46% |
| $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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