Chelsea State Bank approved 38 SBA loans worth $21.4M between October 2021 and June 2026, ranking #644 of 2,283 SBA lenders nationally by loan count. Its median loan was $282,350, and 42% went to startups or businesses under two years old. It lent in 1 states, most often in Michigan, and its most financed industry was manufacturing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 38 | $21.4M | $282,350 | #35 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Manufacturing | 7 | $274,700 | |
| Professional and technical services | 7 | $425,000 | |
| Restaurants and hotels | 5 | $250,000 | |
| Retail | 4 | $218,000 | |
| Education | 3 | $290,000 | |
| Arts, entertainment and recreation | 3 | $1,494,000 | |
| Construction | 3 | $124,200 | |
| Other services (repair, personal care) | 2 | $225,000 | |
| Health care and social assistance | 2 | $1,707,250 | |
| Administrative and support services | 1 | $1,280,500 |