Top Industries Financed
- Electrical Contractors
- Limited-Service Restaurants
- Child Day Care Services
- Full-Service Restaurants
- Plumbing, Heating, and Air-Conditioning Contractors
Quick Summary
ChoiceOne Bank is an SBA-approved lender headquartered in Sparta, Michigan. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 451 SBA 7(a) loans totaling $288.4M, with an average loan size of $639K. They serve businesses across 2 states.
About ChoiceOne Bank
ChoiceOne Bank is an SBA-approved lender headquartered in Sparta, Michigan. Since 2020, they have approved 451 SBA 7(a) loans totaling $288.4M, with an average loan size of $639K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is ChoiceOne Bank an SBA Preferred Lender?
Yes, ChoiceOne Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has ChoiceOne Bank approved?
According to SBA FOIA public records, ChoiceOne Bank has approved 451 SBA 7(a) loans totaling $288.4M since 2020. Their average loan size is $639K.
What states does ChoiceOne Bank serve?
ChoiceOne Bank serves businesses in 2 states: Michigan, Ohio.
How do I apply for an SBA loan with ChoiceOne Bank?
To apply for an SBA 7(a) loan with ChoiceOne Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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