Lender record
Lake Michigan CU
The real lending record — every figure from funded deals. HQ: Grand Rapids, MI.
312
Recent deals (FY20+)
$563K
Typical deal
14 days
Approval → funding
1.7%
Failure rate (FY20–23)
Where Lake Michigan CU lends
Deal profile
Most Lake Michigan CU deals land between $294K and $1.1M — that range covers half of everything they fund. Top industries and states:
Industries they fund most
- 1.Limited-Service Restaurants (18)
- 2.Landscaping Services (13)
- 3.Full-Service Restaurants (11)
- 4.All Other Specialty Trade Contractors (8)
- 5.Snack and Nonalcoholic Beverage Bars (7)
- 6.Fitness and Recreational Sports Centers (6)
- 7.Beauty Salons (6)
- 8.Drinking Places (Alcoholic Beverages) (6)
Most active states
- 1.Florida (265 deals)
- 2.Michigan (42 deals)
- 3.Georgia (1 deals)
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Recent deals
- NEWCO HOLDINGS INC in Grand Rapids, MI — $5.0M (2026) · Commercial and Institutional Building Construction
- Program
- Preferred Lenders Program
- Rate at approval
- 6.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $3.8M (75%)
- Approval → funding
- 14 days
- Approved
- 1/21/2026
- First disbursed
- 2/4/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
Failed deals
4 of Lake Michigan CU's loans on record were charged off — the lender gave up collecting, which usually means the business failed. Each links to its full record.
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Businesses Lake Michigan CU financed
269 businesses on record — the 60 largest by funding. Each links to its full SBA record.
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DealRoom analysis of public lending records, FY2020–present. Not affiliated with Lake Michigan CU.
AI summary
Lake Michigan CU is an SBA lender tracked by DealRoom.so SBA Intelligence, with lending activity broken down by state, industry, and loan size from public records. DealRoom is not a lender.
Source: DealRoom.so SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. DealRoom is not a lender and does not guarantee financing.
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