1st State Bank approved 41 SBA loans worth $15.4M between October 2021 and June 2026, ranking #625 of 2,283 SBA lenders nationally by loan count. Its median loan was $250,000, and 27% went to startups or businesses under two years old. It lent in 2 states, most often in Michigan, and its most financed industry was restaurants and hotels.
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 9 | $232,500 | |
| Construction | 5 | $510,400 | |
| Retail | 5 | $375,800 | |
| Health care and social assistance | 5 | $144,000 | |
| Wholesale trade | 3 | $500,000 | |
| Administrative and support services | 3 | $135,000 | |
| Finance and insurance | 2 | $85,000 | |
| Manufacturing | 2 | $165,000 | |
| Real estate and rental | 2 | $437,500 | |
| Professional and technical services | 2 | $206,500 |