First National Bank of Michigan approved 27 SBA loans worth $25.5M between October 2021 and June 2026, ranking #773 of 2,283 SBA lenders nationally by loan count. Its median loan was $500,000, and 11% went to startups or businesses under two years old. It lent in 2 states, most often in Michigan, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 26 | $20.6M | $495,100 | #49 |
| West Virginia | 1 | $4.9M | $4,920,000 | #73 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 5 | $250,000 | |
| Wholesale trade | 5 | $1,464,700 | |
| Manufacturing | 5 | $500,000 | |
| Retail | 2 | $1,327,500 | |
| Administrative and support services | 2 | $540,000 | |
| Professional and technical services | 2 | $875,000 | |
| Other services (repair, personal care) | 2 | $420,100 | |
| Arts, entertainment and recreation | 1 | $360,000 | |
| Health care and social assistance | 1 | $200,000 | |
| Restaurants and hotels | 1 | $610,000 |