Community Choice CU approved 71 SBA loans worth $47.4M between October 2021 and June 2026, ranking #446 of 2,283 SBA lenders nationally by loan count. Its median loan was $346,500, and 45% went to startups or businesses under two years old. It lent in 3 states, most often in Michigan, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 60 | $35.9M | $345,000 | #26 |
| Ohio | 10 | $11.2M | $761,000 | #84 |
| Indiana | 1 | $217K | $217,000 | #227 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 18 | $688,900 | |
| Health care and social assistance | 10 | $832,500 | |
| Retail | 10 | $173,500 | |
| Other services (repair, personal care) | 8 | $312,500 | |
| Administrative and support services | 4 | $559,000 | |
| Transportation and warehousing | 4 | $857,650 | |
| Manufacturing | 4 | $775,250 | |
| Construction | 4 | $18,100 | |
| Professional and technical services | 3 | $250,000 | |
| Arts, entertainment and recreation | 2 | $254,000 |