Top Industries Financed
- Home Furnishing Merchant Wholesalers
- Electrical Contractors
- Offices of Physicians, Mental Health Specialists
- Charter Bus Industry
- Drinking Places (Alcoholic Beverages)
Quick Summary
1st State Bank is an SBA-approved lender headquartered in SAGINAW, Michigan. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 64 SBA 7(a) loans totaling $27.5M, with an average loan size of $430K. They serve businesses across 2 states.
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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Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is 1st State Bank an SBA Preferred Lender?
Yes, 1st State Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has 1st State Bank approved?
According to SBA FOIA public records, 1st State Bank has approved 64 SBA 7(a) loans totaling $27.5M since 2020. Their average loan size is $430K.
What states does 1st State Bank serve?
1st State Bank serves businesses in 2 states: Georgia, Michigan.
How do I apply for an SBA loan with 1st State Bank?
To apply for an SBA 7(a) loan with 1st State Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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