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    Bank · Sparta, MI

    ChoiceOne Bank: SBA lending profile

    SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026 · Lender website
    311
    SBA loans approved
    $178.0M
    Total approved
    $327,200
    Median loan
    2
    States lent in
    32%
    To startups
    #140
    National rank by loans

    ChoiceOne Bank approved 311 SBA loans worth $178.0M between October 2021 and June 2026, ranking #140 of 2,283 SBA lenders nationally by loan count. Its median loan was $327,200, and 32% went to startups or businesses under two years old. It lent in 2 states, most often in Michigan, and its most financed industry was health care and social assistance.

    SBA loans per fiscal year

    067133200FY14: 38 loansFY14FY15: 24 loansFY15FY16: 33 loansFY16FY17: 36 loansFY17FY18: 56 loansFY18FY19: 56 loansFY19FY20: 51 loansFY20FY21: 108 loansFY21108FY22: 89 loansFY22FY23: 89 loansFY23FY24: 72 loansFY24FY25: 34 loansFY25FY26 (Oct to Jun): 27 loansFY2627
    Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

    Where ChoiceOne Bank lends

    StateLoansApprovedMedian loanRank in state
    Michigan304$173.3M$326,100#5
    Ohio7$4.7M$350,000#104

    Industries ChoiceOne Bank finances

    IndustryLoansShareMedian loan
    Health care and social assistance49
    16%
    		$460,000
    Retail42
    14%
    		$350,000
    Construction40
    13%
    		$265,000
    Manufacturing38
    12%
    		$325,000
    Restaurants and hotels32
    10%
    		$403,600
    Other services (repair, personal care)29
    9%
    		$327,200
    Professional and technical services15
    5%
    		$150,000
    Administrative and support services14
    5%
    		$275,000
    Real estate and rental14
    5%
    		$461,150
    Transportation and warehousing13
    4%
    		$225,000
    Loan size mix
    • Under $150,00026%
    • $150,000 to $500,00041%
    • $500,000 to $2 million28%
    • $2 million and up6%
    Loan programs used
    • Preferred Lender (PLP)52%
    • SBA Express36%
    • Standard 7(a)6%
    • CAPLines5%
    • Contract CAPLine0%
    SBA Lenders by StateLender DirectoryLender MatchMethodologyAboutPrivacyTermsDisclaimerContact
    Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.