Northern Great Lakes Initiatives approved 11 SBA loans worth $2.0M between October 2021 and June 2026, ranking #1155 of 2,283 SBA lenders nationally by loan count. Its median loan was $175,000, and 64% went to startups or businesses under two years old. It lent in 1 states, most often in Michigan, and its most financed industry was manufacturing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 11 | $2.0M | $175,000 | #87 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Manufacturing | 2 | $151,950 | |
| Restaurants and hotels | 2 | $251,600 | |
| Wholesale trade | 2 | $123,750 | |
| Administrative and support services | 1 | $217,300 | |
| Health care and social assistance | 1 | $110,000 | |
| Construction | 1 | $200,000 | |
| Real estate and rental | 1 | $60,000 | |
| Retail | 1 | $322,700 |