64
Loans Approved
$27.5M
Total Volume
$430K
Avg Loan Size
2
States Served
Top Industries Financed
- Home Furnishing Merchant Wholesalers
- Electrical Contractors
- Offices of Physicians, Mental Health Specialists
- Charter Bus Industry
- Drinking Places (Alcoholic Beverages)
About 1st State Bank
1st State Bank is an SBA-approved lender headquartered in SAGINAW, Michigan. Since 2020, they have approved 64 SBA 7(a) loans totaling $27.5M, with an average loan size of $430K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
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