West Shore Bank
Headquartered in LUDINGTON, MI. Analysis based on 61 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $43.8M.
Total 7(a) loans
61
Total approved
$43.8M
Average loan
$717K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
10.00%
Average rate
6.67%
Average term
195 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 6 |
| 811111 | General Automotive Repair | 3 |
| 444190 | Other Building Material Dealers | 2 |
| 441110 | New Car Dealers | 2 |
| 423690 | Other Electronic Parts and Equipment Merchant Wholesalers | 2 |
| 561431 | Private Mail Centers | 2 |
| 561730 | Landscaping Services | 2 |
| 811192 | Car Washes | 2 |
| 562111 | Solid Waste Collection | 2 |
| 722513 | Limited-Service Restaurants | 2 |
Top 10 states
| State | Loans |
|---|---|
| MI | 60 |
| MO | 1 |
Top franchise brands financed
7 franchise loans across 4 distinct brands.
| Franchise | Loans |
|---|---|
| The UPS Store (f/k/a Mail Box | 2 |
| Ace Hardware | 2 |
| Chrysler - Sales and Service A | 2 |
| Little Caesars | 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.