States Served
Top Industries Financed
- Drinking Places (Alcoholic Beverages)
- General Automotive Repair
Quick Summary
State Savings Bank is an SBA-approved lender headquartered in FRANKFORT, Michigan. Since 2020, they have approved 3 SBA 7(a) loans totaling $1.2M, with an average loan size of $414K. They primarily serve Michigan businesses.
About State Savings Bank
State Savings Bank is an SBA-approved lender headquartered in FRANKFORT, Michigan. Since 2020, they have approved 3 SBA 7(a) loans totaling $1.2M, with an average loan size of $414K. They primarily serve businesses in Michigan.
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Frequently Asked Questions
Is State Savings Bank an SBA Preferred Lender?
State Savings Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has State Savings Bank approved?
According to SBA FOIA public records, State Savings Bank has approved 3 SBA 7(a) loans totaling $1.2M since 2020. Their average loan size is $414K.
What states does State Savings Bank serve?
State Savings Bank primarily serves businesses in Michigan.
How do I apply for an SBA loan with State Savings Bank?
To apply for an SBA 7(a) loan with State Savings 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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