Northern Great Lakes Initiatives: SBA Lending Activity & Industry Focus
Based on historical SBA 7(a) lending data.
Total Approvals
6
by Northern Great Lakes Initiatives
Total Volume
$900,000
approved amount
Median Loan Size
$160,000
per approval
Recent Activity
3
last 90 days through Feb 2025
Northern Great Lakes Initiatives is a lender based in Michigan with a strong focus on Full-Service Restaurants and Breweries. With 6 SBA 7(a) approvals and a typical loan size of $160,000, their lending data provides a detailed picture of where and how they deploy SBA capital.
What you should know
Key insights derived from Northern Great Lakes Initiatives's SBA 7(a) lending history
Industry specialist: Full-Service Restaurants
83% of Northern Great Lakes Initiatives's SBA loans go to just 3 industries: Full-Service Restaurants (50%), Breweries (17%), Industrial Machinery and Equipment Merchant Wholesalers (17%). If your business is in one of these sectors, Northern Great Lakes Initiatives likely understands your industry's economics well — a major advantage during underwriting.
Sweet spot: $50K–$150K loans
53% of Northern Great Lakes Initiatives's SBA loans fall in the $50K–$150K range. Their typical loan (median) is $147,500, with the middle 50% of loans between $87,200 and $203,500. If your loan request is in this range, you may see a faster, smoother process.
Local lender: primarily Michigan
Northern Great Lakes Initiatives focuses their SBA lending in 1 state, with 100% in Michigan. Local lenders often prioritize community relationships and may be easier to work with if you're in their market.
Smaller loan specialist
Northern Great Lakes Initiatives's median loan of $160,000 is well below the SBA 7(a) average. They appear to specialize in smaller loans — making them a strong option if you need under $300,000 and may face minimum-amount barriers elsewhere.
Smaller SBA program
Northern Great Lakes Initiatives has 6 SBA 7(a) approvals. Their smaller volume may mean longer processing times, but could also mean more personalized attention for borrowers.
Steady lending pace
Northern Great Lakes Initiatives's SBA activity has been relatively stable, with 8 approvals in the last 6 months. Consistent volume suggests a reliable, ongoing SBA program without major disruptions.
Lending trends for Northern Great Lakes Initiatives
Loan size distribution
Based on 15 SBA 7(a) approvals
Summary
Median (50th percentile)
$147,500
25th percentile
$87,200
75th percentile
$203,500
Average
$153,160
Typical range
States served
State-by-state lending activity
| # | State | Approvals |
|---|---|---|
| 1 | Michigan | 6 |
Northern Great Lakes Initiatives by industry
Industry focus
| # | Industry | NAICS | Approvals |
|---|---|---|---|
| 1 | Limited-Service Restaurants | 722 | 3 |
| 2 | Breweries | 312 | 1 |
| 3 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 423 | 1 |
| 4 | Landscaping Services | 561 | 1 |
Recent SBA 7(a) approvals by Northern Great Lakes Initiatives
| Month | Borrower | Location | Industry | Amount |
|---|---|---|---|---|
| 2025-04 | Pen*****LLC | Marquette, MI | Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasi | $60,000 |
| 2025-04 | Hur*****LLC | Alpena, MI | — | $322,700 |
| 2025-02 | Alv*****LLC | Midland, MI | Sporting and Recreational Goods and Supplies Merchant Wholesalers | $100,000 |
| 2022-02 | Nak*****LLC | Petoskey, MI | Limited-Service Restaurants | $175,000 |
| 2021-10 | Bra*****its | Traverse City, MI | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | $147,500 |
| 2021-09 | Dpj*****LLC | Williamsburg, MI | Other Automotive Mechanical and Electrical Repair and Maintenance | $113,000 |
| 2021-08 | Roc*****LLC | Lowell, MI | Landscaping Services | $250,000 |
| 2021-08 | Nor*****.C. | Newberry, MI | Gasoline Stations with Convenience Stores | $87,200 |
| 2021-05 | Har*****LLC | Harbor Springs, MI | Outdoor Power Equipment Stores | $82,500 |
| 2021-05 | Bee*****LLC | Roscommon, MI | Full-Service Restaurants | $145,000 |
| 2021-03 | Sui*****LLC | Battle Creek, MI | Full-Service Restaurants | $173,700 |
| 2021-02 | Bre*****LLC | Kalamazoo, MI | Breweries | $180,000 |
| 2020-09 | Mos*****LLC | Grand Rapids, MI | Cosmetology and Barber Schools | $207,300 |
| 2020-07 | My *****LLC | Charlevoix, MI | Limited-Service Restaurants | $50,000 |
| 2019-10 | Myh*****.C. | Ontonagon, MI | Logging | $203,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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