SBA lender · 7(a) program
Eastern Michigan Bank
Eastern Michigan Bank has approved 33 SBA loans worth $14.2M since FY2010. Everything below comes from the SBA’s own loan-level records.
National rank
-
<0.01% of all SBA dollars
Total approved
$14.2M
FY2010 onward
Loans
33
Median loan
$240,000
+33% vs national
Median rate
5.50%
-1.25 pts vs national
Charge-off rate
-
Cohort too small
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What Eastern Michigan Bank’s numbers say
Eastern Michigan Bank sits in the long tail of the SBA lending field, having approved 33 loans for a gross total of $14.2M since fiscal 2010. Its median loan of $240,000 is substantially larger than the $180,000 national median, which usually signals a focus on real-estate-backed or acquisition deals rather than small working-capital notes.
The median initial note rate across its 7(a) approvals is 5.50%, 1.25 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Roughly 4% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally.
Where Eastern Michigan Bank lends
| State | Loans | Share |
|---|---|---|
| Michigan | 33 |
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Questions about Eastern Michigan Bank
- How many SBA loans has Eastern Michigan Bank approved?
- Eastern Michigan Bank has approved 33 SBA loans totalling $14,237,000 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it outside the top 500 among all SBA lenders by dollars approved.
- What is the typical Eastern Michigan Bank SBA loan size?
- The median gross approval is $240,000, with the middle 80% of loans falling between $60,000 and $780,000. The national median across all SBA lenders is $180,000.
- What interest rate does Eastern Michigan Bank charge on SBA 7(a) loans?
- The median initial note rate on Eastern Michigan Bank's 7(a) approvals is 5.50%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
Where to go from here
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