STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
125
2010–2025
Total Volume
$48M
Gross loan amounts
States Active
3
With recorded loans
Programs
7(a) & 504
125 total segments
1st State Bank has a strong focus on existing businesses, with 57% of their deals supporting established companies. This could be beneficial if you're looking to expand or refinance an existing operation.
With an average 7(a) spread of P+1.86%, 1st State Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
Although 1st State Bank has a minimal 504 presence (7% of total deals), they are experiencing significant growth, with a 133% year-over-year increase in deals. This suggests they are actively expanding their lending capabilities.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 9 504 loans, which use fixed SBA debenture rates.
States where 1st State Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Wholesale Trade
Wholesale Trade
Physician & Dental Offices
Health Care & Social Assistance
Transportation & Warehousing
Transportation & Warehousing
Specialty Trade Contractors
Construction
Other Repair & Services
Other Services
Food & Beverage Stores
Retail Trade
+ 7 more
All recorded SBA lending activity for 1st State Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Manufacturing · Under $150K | 7(a) | 6 | P+2.13% | $61K | Q1 2024 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+1.63% | $53K | Q2 2025 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 5 | P+2.00% | $259K | Q1 2024 |
| Michigan · Other Repair & Services · Under $150K | 7(a) | 5 | P+2.70% | $89K | Q2 2023 |
| Michigan · Transportation & Warehousing · Under $150K | 7(a) | 4 | P+2.38% | $69K | Q1 2021 |
| Michigan · Manufacturing · $500K – $1M | 504 | 3 | — | $683K | Q4 2021 |
| Michigan · Wholesale Trade · $350K – $500K | 7(a) | 3 | P+1.75% | $467K | Q4 2024 |
| Michigan · Transportation & Warehousing · $150K – $350K | 7(a) | 3 | P+2.25% | $250K | Q3 2024 |
| Michigan · Social Assistance · Under $150K | 7(a) | 3 | P+2.50% | $65K | Q4 2022 |
| Michigan · Restaurants & Food Service · $500K – $1M | 7(a) | 3 | P+2.00% | $676K | Q2 2025 |
| Michigan · Wholesale Trade · $150K – $350K | 7(a) | 3 | P+1.75% | $283K | Q4 2024 |
| Michigan · Administrative & Waste Services · Under $150K | 7(a) | 3 | P+2.00% | $70K | Q4 2022 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 7(a) | 3 | P+2.25% | $212K | Q3 2023 |
| Michigan · Physician & Dental Offices · $150K – $350K | 7(a) | 3 | P+1.75% | $254K | Q1 2021 |
| Michigan · Wholesale Trade · Under $150K | 7(a) | 2 | P+1.50% | $75K | Q3 2020 |
| Michigan · Management & IT Consulting · Under $150K | 7(a) | 2 | P+3.00% | $54K | Q2 2017 |
| Michigan · Finance & Insurance · Under $150K | 7(a) | 2 | P+2.63% | $85K | Q1 2025 |
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 2 | P+1.88% | $216K | Q1 2025 |
| Michigan · Physician & Dental Offices · $350K – $500K | 7(a) | 2 | P+2.13% | $475K | Q2 2021 |
| Michigan · Auto Repair & Maintenance · Under $150K | 7(a) | 2 | P+2.50% | $125K | Q3 2014 |
| Michigan · Physician & Dental Offices · $500K – $1M | 7(a) | 2 | P+1.75% | $729K | Q2 2019 |
| Michigan · Other Health Practitioners · Under $150K | 7(a) | 2 | P+1.63% | $100K | Q1 2025 |
| Michigan · Education · Under $150K | 7(a) | 2 | P+2.50% | $35K | Q2 2021 |
| Michigan · Personal Care (Salons, Spas) · Under $150K | 7(a) | 2 | P+2.50% | $46K | Q3 2020 |
| Michigan · Manufacturing · $350K – $500K | 7(a) | 2 | P+2.25% | $442K | Q4 2012 |
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