ChoiceOne Bank
MI
SBA-approved lender offering 7 loan programs across 15 industries.
Key Metrics
Interest Rate
7.75%
1.00% over prime
Average Loan
$605K
Per approval
Total Approvals
34
FY 2025
Loan Programs (7)
7a General
Asset Base Working Capital Line (CAPLine)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
New Business or 2 years or less
Preferred Lenders Program
Industries Served (15)
All Other Professional, Scientific, and Technical ServicesAmusement ArcadesClothing Accessories StoresElectrical ContractorsFitness and Recreational Sports CentersFull-Service RestaurantsLandscaping ServicesNursing Care FacilitiesOffices of DentistsOffices of OptometristsOther Foundation, Structure, and Building Exterior ContractorsPlumbing, Heating, and Air-Conditioning ContractorsPromoters of Performing Arts, Sports, and Similar Events without FacilRV (Recreational Vehicle) Parks and CampgroundsSnack and Nonalcoholic Beverage Bars
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.00%
- Effective Rate
- 7.75%
- Fiscal Year
- 2025
- States Served
- MI
- Website
- www.choiceone.bank
Ready to apply with ChoiceOne Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.