University Bank approved 43 SBA loans worth $32.3M between October 2021 and June 2026, ranking #609 of 2,283 SBA lenders nationally by loan count. Its median loan was $400,000, and 16% went to startups or businesses under two years old. It lent in 6 states, most often in Michigan, and its most financed industry was administrative and support services.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 27 | $17.0M | $365,000 | #45 |
| Florida | 8 | $6.3M | $400,050 | #152 |
| Connecticut | 4 | $3.8M | $654,350 | #76 |
| Ohio | 2 | $499K | $249,700 | #168 |
| North Carolina | 1 | $3.5M | $3,472,400 | #175 |
| New York | 1 | $1.3M | $1,263,100 | #249 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Administrative and support services | 8 | $1,069,650 | |
| Wholesale trade | 7 | $709,000 | |
| Construction | 5 | $365,000 | |
| Retail | 5 | $315,000 | |
| Health care and social assistance | 4 | $253,250 | |
| Other services (repair, personal care) | 4 | $252,900 | |
| Restaurants and hotels | 2 | $2,650,700 | |
| Utilities | 2 | $249,700 | |
| Professional and technical services | 2 | $736,700 | |
| Finance and insurance | 1 | $181,800 |