ChoiceOne Bank: SBA Lending Record
What SBA's own loan files show about ChoiceOne Bank as an SBA lender, and how a lender's record bears on a feasibility study.
ChoiceOne Bank: loans and programs
ChoiceOne Bank stands at 630 approved loans and $368.4 million gross, FY2017 to FY2026. These 630 loans are ones that SBA shows ChoiceOne Bank holding, now or before. SBA lists ChoiceOne Bank with the lender state MI. All 630 loans at ChoiceOne Bank are 7(a); 0 are 504. ChoiceOne Bank does not guarantee these 630 loans; SBA does. Counts for ChoiceOne Bank describe records only.
Where the loans of ChoiceOne Bank sit
The followed classes leave 443 of ChoiceOne Bank's 630 loans out of view. Tracked class by class, the record of ChoiceOne Bank reads Full-service restaurant (22), Limited-service restaurant (20), Child care center (17), Automotive mechanical repair (car and truck) (15), Self storage (13), Rehabilitation and therapy clinic (12), Medical office (physicians) (12), Skilled nursing (11), Coffee shop and snack bar (7), Beverage manufacturing (breweries, wineries, distilleries) (6). The smallest followed class is Beauty salon, at 5. A buyer planning Full-service restaurant can see 22 loans on the record of ChoiceOne Bank. ChoiceOne Bank shows 20 loans in Limited-service restaurant, the next class. In Child care center, ChoiceOne Bank shows 17 loans. By state, ChoiceOne Bank begins Michigan (621). MI is the lender state; Michigan carries the most loans, 621.
ChoiceOne Bank: cancellations and losses
The cancellation floor for ChoiceOne Bank on FY2017 to FY2024 approvals is 11.7%, and 11.7% is the ceiling if undisbursed loans are treated as cancelled. ChoiceOne Bank: the FY2017 to FY2021 charge-off floor is withheld since fewer than 30 loans qualify, and held back never means that none were charged off. These are minimum rates for ChoiceOne Bank, and further write-offs inside the group would raise it.
The ChoiceOne Bank record and a feasibility study
Full-service restaurant at ChoiceOne Bank leads off with a read of demand. Then, a study of Limited-service restaurant must test cost, with 20 such loans on ChoiceOne Bank's record. Coverage of debt service comes next, and $368.4 million across 630 loans at ChoiceOne Bank does not settle it for any one project. A formal appraisal closes the study, and 17 Child care center loans at ChoiceOne Bank cannot do its job. ChoiceOne Bank alone can say what it requires. No approval is guaranteed here, and ChoiceOne Bank sets its own terms.
SBA loans held by ChoiceOne Bank
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 630 |
|---|---|
| Gross dollars approved | $368.4 million |
| SBA 7(a) loans | 630 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 11.7% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 11.7% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 443 |
| Full-service restaurant | 22 |
| Limited-service restaurant | 20 |
| Child care center | 17 |
| Automotive mechanical repair (car and truck) | 15 |
| Self storage | 13 |
| Rehabilitation and therapy clinic | 12 |
| Medical office (physicians) | 12 |
| Skilled nursing | 11 |
| Coffee shop and snack bar | 7 |
| Beverage manufacturing (breweries, wineries, distilleries) | 6 |
| Liquor store | 6 |
| Dental office | 5 |
| Beauty salon | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| Michigan | 621 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-1014.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by ChoiceOne Bank or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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