Great Lakes Commercial Finance approved 255 SBA loans worth $236.8M between October 2021 and June 2026, ranking #168 of 2,283 SBA lenders nationally by loan count. Its median loan was $605,000, and 18% went to startups or businesses under two years old. It lent in 4 states, most often in Michigan, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 251 | $231.6M | $588,000 | #7 |
| Ohio | 2 | $1.5M | $750,500 | #161 |
| Illinois | 1 | $784K | $784,000 | #226 |
| Colorado | 1 | $2.9M | $2,925,000 | #207 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 46 | $649,000 | |
| Health care and social assistance | 32 | $500,500 | |
| Other services (repair, personal care) | 28 | $417,000 | |
| Manufacturing | 27 | $783,000 | |
| Retail | 22 | $952,500 | |
| Construction | 17 | $724,000 | |
| Professional and technical services | 16 | $452,000 | |
| Real estate and rental | 14 | $560,500 | |
| Arts, entertainment and recreation | 14 | $668,000 | |
| Administrative and support services | 8 | $247,500 |