Lenders › Bank of Ann Arbor
7(a) lenderAnn Arbor, MichiganFDIC-insured bank504th of 2,184 by approvals
Bank of Ann Arbor
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Bank of Ann Arbor, based in Ann Arbor, Michigan, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 50 of its 7(a) loans worth $48.7M in FY2021 to FY2025, which places it 504th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 12 approvals totalling $11.9M. FY2026 to 30 Jun 2026 adds 2 more.
The median approval was $534K, against $190K for the 7(a) program as a whole; 6.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 4 states and territories and 12 counties, led by Michigan (90.0%), Connecticut (4.0%) and Wisconsin (4.0%). The largest industry group was accommodation and food services at 20.0% of approvals, and 16.0% of approvals were to franchise businesses.
Of 662 disbursed loans approved in FY2010 to FY2021, SBA records 26 as charged off (3.9%), 604 as paid in full and 32 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 2 | — | — | — | 12 |
| FY2025 | 12 | $11.9M | $500K | $995K | 124 |
| FY2024 | 7 | $9.3M | $1.3M | $1.3M | 101 |
| FY2023 | 6 | $4.8M | $407K | $799K | 70 |
| FY2022 | 10 | $7.5M | $534K | $755K | 143 |
| FY2021 | 15 | $15.1M | $750K | $1.0M | 287 |
| FY2020 | 18 | $12.6M | $313K | $701K | 175 |
| FY2019 | 20 | $13.7M | $534K | $686K | 400 |
| FY2018 | 17 | $12.1M | $475K | $713K | 425 |
| FY2017 | 32 | $19.6M | $325K | $612K | 712 |
| FY2016 | 43 | $21.2M | $250K | $494K | 571 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 130 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Michigan | 7(a) program |
|---|---|---|---|
| Approvals in these years | 763 | 25,129 | 639,905 |
| Cancelled or never disbursed | 101 | 3,087 | 79,313 |
| Disbursed loans | 662 | 22,042 | 560,592 |
| Paid in full | 604 | 17,774 | 435,813 |
| Charged off | 26 | 1,035 | 36,891 |
| Still outstanding (status exempt from disclosure) | 32 | 3,233 | 87,888 |
| Charged off, share of disbursed loans | 3.9% | 4.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.2% | 2.0% | 2.5% |
| Dollars charged off | $6.5M | $136M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 12 | 3 | 0 | — | 2.8% |
| FY2020 | 15 | 8 | 0 | — | 4.0% |
| FY2019 | 17 | 9 | 1 | — | 6.7% |
| FY2018 | 15 | 11 | 0 | — | 7.9% |
| FY2017 | 27 | 25 | 0 | — | 7.7% |
| FY2016 | 36 | 31 | 3 | 8.3% | 7.2% |
| FY2015 | 52 | 51 | 1 | 1.9% | 6.9% |
| FY2014 | 86 | 83 | 2 | 2.3% | 6.4% |
| FY2013 | 89 | 84 | 5 | 5.6% | 6.0% |
| FY2012 | 88 | 83 | 5 | 5.7% | 6.3% |
| FY2011 | 122 | 118 | 4 | 3.3% | 6.9% |
| FY2010 | 103 | 98 | 5 | 4.9% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $534K | $190K |
| Average approval | $974K | $518K |
| Approvals of $150,000 or less | 6.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 32.0% | 34.3% |
| Approvals to franchise businesses | 16.0% | 11.5% |
| Jobs supported per approval, as reported | 14.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 3.9% | 6.6% |
States served
| # | State of the business (4 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Michigan | 45 | $40.4M | 90.0% | |
| 2 | Connecticut | 2 | — | 4.0% | |
| 3 | Wisconsin | 2 | — | 4.0% | |
| 4 | Texas | 1 | — | 2.0% |
In Michigan the lender accounts for 0.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (12 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Oakland County, MI | 22 | $20.4M | 44.0% | |
| 2 | Livingston County, MI | 12 | $4.7M | 24.0% | |
| 3 | Wayne County, MI | 4 | $6.9M | 8.0% | |
| 4 | Washtenaw County, MI | 3 | $2.0M | 6.0% | |
| 5 | Macomb County, MI | 2 | — | 4.0% | |
| 6 | Nueces County, TX | 1 | — | 2.0% | |
| 7 | Western Connecticut Planning Region, CT | 1 | — | 2.0% | |
| 8 | Grand Traverse County, MI | 1 | — | 2.0% | |
| 9 | Hartford County, CT | 1 | — | 2.0% | |
| 10 | Outagamie County, WI | 1 | — | 2.0% | |
| 11 | Eaton County, MI | 1 | — | 2.0% | |
| 12 | Brown County, WI | 1 | — | 2.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 10 | 20.0% | |
| 2 | Health Care and Social Assistance | 6 | 12.0% | |
| 3 | Retail Trade | 5 | 10.0% | |
| 4 | Manufacturing | 4 | 8.0% | |
| 5 | Wholesale Trade | 4 | 8.0% | |
| 6 | Construction | 4 | 8.0% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 4 | 8.0% | |
| 8 | Professional, Scientific, and Technical Services | 4 | 8.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 16.0% | |
| 2 | Waste CollectionNAICS 5621 | 3 | 6.0% | |
| 3 | Traveler AccommodationNAICS 7211 | 2 | 4.0% | |
| 4 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 4.0% | |
| 5 | Other Schools and InstructionNAICS 6116 | 2 | 4.0% | |
| 6 | Offices of PhysiciansNAICS 6211 | 2 | 4.0% | |
| 7 | Beer, Wine, and Liquor StoresNAICS 4453 | 2 | 4.0% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 2 | 4.0% | |
| 9 | Beverage ManufacturingNAICS 3121 | 2 | 4.0% | |
| 10 | Architectural, Engineering, and Related ServicesNAICS 5413 | 2 | 4.0% |
Approval sizes
- $50,001 to $150,0006.0%3
- $150,001 to $350,00024.0%12
- $350,001 to $1 million36.0%18
- $1 million to $2 million22.0%11
- Over $2 million12.0%6
Loan terms
- Over 5 to 10 years52.0%26
- Over 10 to 20 years30.0%15
- Over 20 years18.0%9
Age of the businesses
- Existing, more than 2 years old46.0%23
- New business, 2 years or less8.0%4
- Startup, loan funds will open the business24.0%12
- Change of ownership22.0%11
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 30 | 60.0% | |
| 2 | SBA Express Program | 11 | 22.0% | |
| 3 | Preferred Lenders Program | 9 | 18.0% |
Franchise share
8 of 50 approvals in FY2021–FY2025 (16.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Goldfish Swim School | 2 | 4.0% | |
| 2 | Baymont by Wyndham | 1 | 2.0% | |
| 3 | Leo's Coney Island | 1 | 2.0% | |
| 4 | Massage Luxe | 1 | 2.0% | |
| 5 | Little Caesars | 1 | 2.0% | |
| 6 | The UPS Store | 1 | 2.0% | |
| 7 | Anytime Fitness | 1 | 2.0% |
Questions and answers
How many SBA loans does Bank of Ann Arbor make?
SBA approved 12 7(a) loans through Bank of Ann Arbor in FY2025, worth $11.9M, and 50 over FY2021 to FY2025. That ranks 504th of 2,184 active 7(a) lenders by number of approvals.
How large are Bank of Ann Arbor's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $534K and the average $974K. The program-wide median was $190K.
What is Bank of Ann Arbor's charge-off rate?
Of 662 disbursed loans approved in FY2010 to FY2021, SBA records 26 as charged off (3.9%), 604 as paid in full and 32 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Bank of Ann Arbor lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (8); waste collection (3); traveler accommodation (2); miscellaneous durable goods merchant wholesalers (2).
Where does Bank of Ann Arbor make SBA loans?
In 4 states and territories. Michigan 45, Connecticut 2, Wisconsin 2, Texas 1. In Michigan it accounts for 0.4% of all 7(a) approvals.
Is Bank of Ann Arbor's SBA lending rising?
Approvals in the three latest complete fiscal years total 25, against 43 in the three before: falling (-42%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error