Lake Trust CU approved 30 SBA loans worth $10.2M between October 2021 and June 2026, ranking #721 of 2,283 SBA lenders nationally by loan count. Its median loan was $251,000, and 50% 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 | 30 | $10.2M | $251,000 | #42 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 9 | $522,900 | |
| Health care and social assistance | 5 | $189,900 | |
| Retail | 5 | $270,000 | |
| Construction | 3 | $200,000 | |
| Other services (repair, personal care) | 3 | $270,000 | |
| Administrative and support services | 1 | $500,000 | |
| Arts, entertainment and recreation | 1 | $219,700 | |
| Professional and technical services | 1 | $108,300 | |
| Real estate and rental | 1 | $246,600 | |
| Transportation and warehousing | 1 | $200,000 |