Citizens National Bank of Cheboygan approved 22 SBA loans worth $9.5M between October 2021 and June 2026, ranking #843 of 2,283 SBA lenders nationally by loan count. Its median loan was $337,950, and 59% went to startups or businesses under two years old. It lent in 1 states, most often in Michigan, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 22 | $9.5M | $337,950 | #55 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 6 | $193,000 | |
| Administrative and support services | 3 | $342,900 | |
| Other services (repair, personal care) | 3 | $996,800 | |
| Construction | 2 | $1,037,500 | |
| Manufacturing | 2 | $157,500 | |
| Health care and social assistance | 2 | $296,300 | |
| Professional and technical services | 1 | $40,000 | |
| Real estate and rental | 1 | $475,600 | |
| Retail | 1 | $546,700 | |
| Wholesale trade | 1 | $239,800 |