Unverified listing What this means
The Lender Report built this page from public records. Citizens National Bank of Cheboygan has not reviewed it. Every lender's page starts this way, and it says nothing about Citizens National Bank of Cheboygan itself. Each figure shows its source and date. Work at Citizens National Bank of Cheboygan? You can claim this page for free.
SBA 7(a) record
Citizens National Bank of Cheboygan: SBA 7(a) loans made
Citizens National Bank of Cheboygan, a bank based in Cheboygan, MI, made 8 SBA 7(a) loans in the 36 months ending September 30, 2026, $4.2M in all, net of cancelled approvals. The typical loan was about $500K, and 0 were in the last 12 months. Most were in Michigan.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 8
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $4.18M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $500K
- SBA FOIA,
- Largest loan
- $1.6M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 0
- SBA FOIA,
Cite this
Source: The Lender Report, Citizens National Bank of Cheboygan: SBA 7(a) loans made, https://lender.report/lender/citizens-national-bank-of-cheboygan-mi/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2025 | Michigan | SBA 7(a), Funeral Homes and Funeral Services | $1M | 8% | 15 yr | SBA FOIA | |
| Aug 2025 | Michigan | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $340K | 7.75% | 10 yr | SBA FOIA | |
| May 2025 | Michigan | SBA 7(a), New Single-Family Housing Construction (except For-Sale Builders) | $1.6M | 7.5% | 10 yr | SBA FOIA | |
| Jan 2025 | Michigan | SBA 7(a), Sporting Goods Retailers | $550K | 9% | 10 yr | SBA FOIA | |
| Oct 2024 | Michigan | SBA 7(a), Manufacturing | $36K | 8% | 10 yr | SBA FOIA | |
| May 2024 | Michigan | SBA 7(a), Power and Communication Line and Related Structures Construction | $500K | 9% | 10 yr | SBA FOIA | |
| May 2024 | Michigan | SBA 7(a), Offices of Chiropractors | $82K | 8.25% | 7 yr | SBA FOIA | |
| Jan 2024 | Michigan | SBA 7(a), Hotels (except Casino Hotels) and Motels | $75K | 9.5% | 8 yr | SBA FOIA | |
| 8 SBA 7(a) loans since October 2023, net of cancelled | $4.18M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| Michigan | 8 | $4.18M |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 3 | $193K |
| $150K to $350K | 1 | $340K |
| $350K to $1M | 2 | $1.05M |
| $1M to $2.5M | 2 | $2.60M |
| $2.5M or more | 0 | $0 |
| Quarter | Loans | Dollars |
|---|---|---|
| 2024 Q1 | 1 | $75.0K |
| 2024 Q2 | 2 | $582K |
| 2024 Q4 | 1 | $36.0K |
| 2025 Q1 | 1 | $550K |
| 2025 Q2 | 1 | $1.60M |
| 2025 Q3 | 2 | $1.34M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Administrative and Support and Waste Management and Remediation Services | 1 |
| Funeral Homes and Funeral Services (812210) | 1 |
| Hotels (except Casino Hotels) and Motels (721110) | 1 |
| Manufacturing | 1 |
| New Single-Family Housing Construction (except For-Sale Builders) (236115) | 1 |
| Offices of Chiropractors (621310) | 1 |
| Power and Communication Line and Related Structures Construction (237130) | 1 |
| Sporting Goods Retailers (459110) | 1 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| 7a General | 4 |
| SBA Express Program | 4 |
- Citizens National Bank of Cheboygan made 8 SBA 7(a) loans totaling $4.2M in the 36 months ending September 30, 2026, net of cancelled approvals, in 1 state. SBA FOIA,
- 0 of them were in the 12 months to September 30, 2026, and 5 in the 12 months before. SBA FOIA,
- The typical loan was about $500K, with the middle half between $82K and $1M. SBA FOIA,
- The largest was about $1.6M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 3 loans were under $150K, and 2 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 8.25% on 8 loans, with the middle half between 8.00% and 9.00%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Administrative and Support and Waste Management and Remediation Services, with 1. SBA FOIA,
- The SBA file lists 4 of its loans as processed under 7a General. SBA FOIA,
- Its loans were most often in Michigan (8). SBA FOIA,
What we don't know
- Whether Citizens National Bank of Cheboygan is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.