Southern Michigan Bank & Trust approved 17 SBA loans worth $18.2M between October 2021 and June 2026, ranking #960 of 2,283 SBA lenders nationally by loan count. Its median loan was $1,045,200, and 59% went to startups or businesses under two years old. It lent in 2 states, most often in Michigan, and its most financed industry was retail.
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 6 | $1,640,050 | |
| Other services (repair, personal care) | 6 | $244,600 | |
| Construction | 2 | $1,070,000 | |
| Education | 1 | $350,000 | |
| Restaurants and hotels | 1 | $1,640,000 | |
| Transportation and warehousing | 1 | $1,746,900 |