ChoiceOne Bank
Headquartered in Sparta, MI. Analysis based on 451 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $288.4M.
Total 7(a) loans
451
Total approved
$288.4M
Average loan
$639K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
27.30%
Average rate
6.79%
Average term
168 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 238210 | Electrical Contractors | 20 |
| 722513 | Limited-Service Restaurants | 17 |
| 624410 | Child Day Care Services | 14 |
| 722511 | Full-Service Restaurants | 14 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 12 |
| 623110 | Nursing Care Facilities | 11 |
| 237130 | Power and Communication Line and Related Structures Construction | 11 |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 10 |
| 811111 | General Automotive Repair | 10 |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 10 |
Top 10 states
| State | Loans |
|---|---|
| MI | 443 |
| OH | 8 |
Top franchise brands financed
24 franchise loans across 11 distinct brands.
| Franchise | Loans |
|---|---|
| Little Caesars | 5 |
| Ace Hardware | 4 |
| Crumbl | 3 |
| The Learning Experience | 3 |
| Servpro | 2 |
| Beyond Juicery + Eatery | 2 |
| Big Boy | 1 |
| Dairy Queen Operating Agreemen | 1 |
| U.S. Oil (BP) Retailer Supply | 1 |
| Bubbleology | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.