SBA 7(a) lenders in Menominee, MI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
17 institutions have SBA 7(a) loans on record in Menominee, together $34.8M across 81 loans. The Stephenson National Bank and Trust is the largest, with 26% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Stephenson National Bank and Trust | 30 | $9.1M | 26.1% | 6.52% |
| 2 | UMB Bank, National Association | 5 | $7.5M | 21.5% | 0.00% |
| 3 | US Metro Bank | 1 | $5.0M | 14.3% | 0.00% |
| 4 | Wells Fargo Bank National Association | 7 | $3.5M | 10.1% | 0.00% |
| 5 | Nicolet National Bank | 5 | $3.3M | 9.6% | 0.00% |
| 6 | Byline Bank | 2 | $2.3M | 6.5% | 0.00% |
| 7 | Great North Bank | 5 | $1.2M | 3.5% | 0.00% |
| 8 | First National Bank & Trust Co | 10 | $1.2M | 3.3% | 23.34% |
| 9 | Bank of Ann Arbor | 3 | $470K | 1.3% | 28.95% |
| 10 | Farmers & Merchants Bank & Trust | 5 | $330K | 0.9% | 18.90% |
| 11 | Baybank | 1 | $300K | 0.9% | 0.00% |
| 12 | Northern Great Lakes Initiatives | 1 | $235K | 0.7% | 77.44% |
| 13 | Peoples State Bank | 1 | $125K | 0.4% | 0.00% |
| 14 | The Huntington National Bank | 2 | $121K | 0.3% | 0.00% |
| 15 | The Peshtigo National Bank | 1 | $113K | 0.3% | 33.12% |
| 16 | Northeast Bank | 1 | $50K | 0.1% | 0.00% |
| 17 | Associated Bank National Association | 1 | $15K | 0.0% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Manufacturing | 17 | $10.5M | 30.1% |
| 2 | Accommodation & food services | 11 | $6.5M | 18.7% |
| 3 | Manufacturing | 6 | $4.5M | 12.9% |
| 4 | Retail trade | 12 | $3.4M | 9.7% |
| 5 | Construction | 7 | $3.0M | 8.7% |
| 6 | Retail trade | 4 | $2.5M | 7.2% |
| 7 | Finance & insurance | 2 | $1.2M | 3.5% |
| 8 | Other services | 5 | $1.1M | 3.3% |
| 9 | Agriculture, forestry & fishing | 3 | $625K | 1.8% |
| 10 | Transportation & warehousing | 3 | $421K | 1.2% |
| 11 | Educational services | 1 | $420K | 1.2% |
| 12 | Manufacturing | 2 | $285K | 0.8% |
| 13 | Wholesale trade | 2 | $225K | 0.6% |
| 14 | Health care & social assistance | 2 | $50K | 0.1% |
| 15 | Public administration | 1 | $45K | 0.1% |
| 16 | Professional & technical services | 2 | $20K | 0.1% |
| 17 | Administrative & waste services | 1 | $8K | 0.0% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.