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Michigan's largest credit union founded in 1933, serving over 500,000 members with personal and business banking, mortgages, loans, investments, and commercial services across Michigan and Florida
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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
$957K
Average
$917K
Sweet Spot
$500K-$1M
Industries with highest loan volume
Offices of Chiropractors
1
loans
$563K
avg. amount
Offices of Chiropractors
1
loans
$563K
avg
Full-Service Restaurants
1
loans
$1.0M
avg. amount
Full-Service Restaurants
1
loans
$1.0M
avg
Limited-Service Restaurants
1
loans
$1.9M
avg. amount
Limited-Service Restaurants
1
loans
$1.9M
avg
Other Personal and Household Goods Repair and Maintenance
1
loans
$957K
avg. amount
Other Personal and Household Goods Repair and Maintenance
1
loans
$957K
avg
Janitorial Services
1
loans
$116K
avg. amount
Janitorial Services
1
loans
$116K
avg
10-Year Default Rate
2.1%
Percentile Ranking
89th
89th percentile
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 3.00% |
| $500K-$1M | Prime + 2.88% |
| $1M-$2M | Prime + 1.00% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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