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.
FAIR
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
499
2010–2026
Total Volume
$332M
Gross loan amounts
States Active
23
With recorded loans
Programs
7(a) & 504
499 total segments
First State Bank has a strong presence in the 504 loan market, with 25% of their total SBA deals being 504 loans, compared to the national average of around 18%. This indicates they are well-equipped to handle real estate-heavy financing needs, making them a solid choice for borrowers looking to purchase or refinance property.
With an average 7(a) spread of P+2.05%, First State Bank offers competitive pricing compared to the national median of P+2.75%. This lower spread can result in significant savings over the life of the loan, making them an attractive option for borrowers seeking affordable financing.
First State Bank's growth trend shows a decline of 15% year-over-year in their SBA lending activity. This trend may indicate a tightening in their lending criteria or a shift in focus, which could make it more challenging for new borrowers to secure loans as they may be more selective in approvals.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 123 504 loans, which use fixed SBA debenture rates.
Top 15 of 23 states where First State Bank has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Wholesale Trade
Wholesale Trade
Specialty Trade Contractors
Construction
Administrative & Waste Services
Administrative & Waste Services
Hotels & Accommodation
Accommodation & Food Services
Food & Beverage Stores
Retail Trade
Other Health Practitioners
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for First State Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 10 | P+2.63% | $270K | Q1 2020 |
| Michigan · Manufacturing · Under $150K | 7(a) | 9 | P+2.75% | $100K | Q3 2019 |
| Iowa · Transportation & Warehousing · Under $150K | 7(a) | 8 | P+0.84% | $58K | Q3 2023 |
| Texas · Restaurants & Food Service · $150K – $350K | 7(a) | 8 | P+1.63% | $290K | Q2 2024 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 7 | P+2.75% | $248K | Q3 2019 |
| Michigan · Administrative & Waste Services · Under $150K | 7(a) | 7 | P+3.75% | $92K | Q1 2014 |
| Michigan · Manufacturing · $350K – $500K | 7(a) | 5 | P+2.75% | $468K | Q1 2012 |
| Texas · Manufacturing · $150K – $350K | 7(a) | 5 | P+2.75% | $260K | Q1 2021 |
| Michigan · Restaurants & Food Service · $150K – $350K | 504 | 5 | — | $290K | Q3 2025 |
| Oklahoma · Restaurants & Food Service · Under $150K | 7(a) | 5 | P+2.25% | $75K | Q2 2022 |
| Texas · Miscellaneous Retail · $2M – $5M | 7(a) | 4 | P+1.50% | $3.7M | Q2 2025 |
| Mississippi · Agriculture & Forestry · $500K – $1M | 7(a) | 4 | P+1.75% | $660K | Q2 2013 |
| Michigan · Administrative & Waste Services · $150K – $350K | 7(a) | 4 | P+2.25% | $253K | Q2 2018 |
| Michigan · Manufacturing · $500K – $1M | 7(a) | 4 | P+2.13% | $705K | Q2 2015 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 7(a) | 3 | P+2.75% | $288K | Q4 2012 |
| Oklahoma · Restaurants & Food Service · $150K – $350K | 7(a) | 3 | P+1.75% | $248K | Q3 2021 |
| Michigan · Food & Beverage Stores · $150K – $350K | 7(a) | 3 | P+2.75% | $262K | Q3 2017 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 3 | P+2.50% | $72K | Q3 2014 |
| Michigan · Heavy & Civil Engineering · $500K – $1M | 7(a) | 3 | P+2.00% | $753K | Q2 2011 |
| Texas · Hotels & Accommodation · $1M – $2M | 7(a) | 3 | P+2.00% | $1.3M | Q2 2025 |
| Oklahoma · Restaurants & Food Service · $350K – $500K | 7(a) | 3 | P+1.25% | $423K | Q4 2022 |
| Texas · Restaurants & Food Service · $350K – $500K | 7(a) | 3 | P+2.00% | $456K | Q4 2022 |
| Texas · Restaurants & Food Service · $500K – $1M | 7(a) | 3 | P+1.75% | $658K | Q1 2025 |
| Arkansas · Restaurants & Food Service · $150K – $350K | 504 | 3 | — | $263K | Q1 2020 |
| Michigan · Specialty Trade Contractors · Under $150K | 7(a) | 3 | P+3.00% | $83K | Q2 2015 |
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