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Southern Michigan Bank & Trust

COLDWATER, MI 49036

29
Loans Approved
$19.9M
Total Volume
$687K
Avg Loan Size
2
States Served

States Served

MichiganNew York

Top Industries Financed

  • Convenience Stores
  • Car Washes
  • Limited-Service Restaurants
  • Offices of Certified Public Accountants
  • Beauty Salons

Quick Summary

Southern Michigan Bank & Trust is an SBA-approved lender headquartered in COLDWATER, Michigan. Since 2020, they have approved 29 SBA 7(a) loans totaling $19.9M, with an average loan size of $687K. They serve businesses across 2 states.

About Southern Michigan Bank & Trust

Southern Michigan Bank & Trust is an SBA-approved lender headquartered in COLDWATER, Michigan. Since 2020, they have approved 29 SBA 7(a) loans totaling $19.9M, with an average loan size of $687K. They serve businesses across 2 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Southern Michigan Bank & Trust an SBA Preferred Lender?

Southern Michigan Bank & Trust is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Southern Michigan Bank & Trust approved?

According to SBA FOIA public records, Southern Michigan Bank & Trust has approved 29 SBA 7(a) loans totaling $19.9M since 2020. Their average loan size is $687K.

What states does Southern Michigan Bank & Trust serve?

Southern Michigan Bank & Trust serves businesses in 2 states: Michigan, New York.

How do I apply for an SBA loan with Southern Michigan Bank & Trust?

To apply for an SBA 7(a) loan with Southern Michigan Bank & Trust, 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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