LAF CU approved 23 SBA loans worth $16.3M between October 2021 and June 2026, ranking #829 of 2,283 SBA lenders nationally by loan count. Its median loan was $446,400, and 65% went to startups or businesses under two years old. It lent in 1 states, most often in Michigan, and its most financed industry was arts, entertainment and recreation.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 23 | $16.3M | $446,400 | #54 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Arts, entertainment and recreation | 6 | $561,250 | |
| Transportation and warehousing | 3 | $200,000 | |
| Health care and social assistance | 3 | $550,000 | |
| Professional and technical services | 2 | $403,000 | |
| Education | 2 | $452,700 | |
| Manufacturing | 2 | $292,500 | |
| Administrative and support services | 1 | $455,000 | |
| Construction | 1 | $227,700 | |
| Other services (repair, personal care) | 1 | $3,705,000 | |
| Restaurants and hotels | 1 | $1,063,500 |