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
93
2010–2025
Total Volume
$55M
Gross loan amounts
States Active
1
With recorded loans
Programs
7(a) & 504
93 total segments
Chelsea State Bank has a notable 23% share of 504 loans, which is higher than the national average of 18%. This indicates a strong capability in financing real estate or large equipment purchases, making it a good option for borrowers in those areas.
With an average 7(a) spread of P+1.41%, Chelsea State Bank offers competitive pricing compared to the national median of P+2.75%. This could result in significant savings on interest for borrowers seeking 7(a) loans.
Chelsea State Bank has experienced a significant decline in deal volume, with a 57% drop year-over-year. This trend may indicate a tightening of lending standards or reduced capacity, which could impact approval rates for new borrowers.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 21 504 loans, which use fixed SBA debenture rates.
States where Chelsea State Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Other Health Practitioners
Health Care & Social Assistance
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Auto Repair & Maintenance
Other Services
Retail Trade
Retail Trade
Real Estate
Real Estate
Sporting Goods & Hobby
Retail Trade
+ 7 more
All recorded SBA lending activity for Chelsea State Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Other Health Practitioners · Under $150K | 7(a) | 4 | P+2.13% | $63K | Q2 2019 |
| Michigan · Food & Beverage Stores · Under $150K | 7(a) | 3 | P+2.50% | $42K | Q3 2021 |
| Michigan · Manufacturing · $500K – $1M | 7(a) | 3 | P+0.50% | $867K | Q4 2024 |
| Michigan · Other Health Practitioners · $150K – $350K | 7(a) | 3 | P+2.25% | $282K | Q3 2020 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 3 | P+1.00% | $139K | Q1 2024 |
| Michigan · Manufacturing · Under $150K | 7(a) | 3 | P+1.50% | $93K | Q3 2023 |
| Michigan · Sporting Goods & Hobby · $1M – $2M | 7(a) | 3 | P+2.00% | $1.3M | Q2 2013 |
| Michigan · Personal Care (Salons, Spas) · Under $150K | 7(a) | 2 | P+2.50% | $88K | Q4 2017 |
| Michigan · Other Professional Services · $2M – $5M | 7(a) | 2 | P+1.38% | $2.1M | Q1 2024 |
| Michigan · Restaurants & Food Service · $150K – $350K | 504 | 2 | — | $223K | Q2 2015 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 2 | P+0.63% | $237K | Q1 2025 |
| Michigan · Restaurants & Food Service · $350K – $500K | 7(a) | 2 | P+1.25% | $428K | Q3 2024 |
| Michigan · Manufacturing · $500K – $1M | 504 | 2 | — | $797K | Q3 2021 |
| Michigan · Auto Repair & Maintenance · Under $150K | 7(a) | 2 | P+2.15% | $86K | Q3 2019 |
| Michigan · Retail Trade · $150K – $350K | 7(a) | 2 | P+1.38% | $293K | Q4 2023 |
| Michigan · Specialty Trade Contractors · Under $150K | 7(a) | 2 | P+0.75% | $117K | Q2 2024 |
| Michigan · Auto Dealers & Parts · $1M – $2M | 504 | 2 | — | $1.3M | Q2 2020 |
| Michigan · Physician & Dental Offices · Under $150K | 7(a) | 1 | P+2.25% | $150K | Q4 2015 |
| Michigan · Social Assistance · $150K – $350K | 7(a) | 1 | P+1.25% | $350K | Q3 2022 |
| Michigan · Social Assistance · $500K – $1M | 7(a) | 1 | P+2.50% | $650K | Q3 2014 |
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 1 | P+1.00% | $350K | Q1 2020 |
| Michigan · Auto Repair & Maintenance · $150K – $350K | 7(a) | 1 | P+0.50% | $306K | Q1 2019 |
| Michigan · Auto Repair & Maintenance · $1M – $2M | 7(a) | 1 | P+1.25% | $1.5M | Q4 2013 |
| Michigan · Other Repair & Services · Under $150K | 7(a) | 1 | P+1.25% | $150K | Q3 2022 |
| Michigan · Other Repair & Services · $150K – $350K | 7(a) | 1 | P+2.00% | $300K | Q2 2023 |
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