1st State Bank
Headquartered in SAGINAW, MI. Analysis based on 64 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $27.5M.
Total 7(a) loans
64
Total approved
$27.5M
Average loan
$430K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
30.43%
Average rate
6.83%
Average term
118 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 423220 | Home Furnishing Merchant Wholesalers | 5 |
| 238210 | Electrical Contractors | 4 |
| 621112 | Offices of Physicians, Mental Health Specialists | 4 |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 |
| 485510 | Charter Bus Industry | 3 |
| 721110 | Hotels (except Casino Hotels) and Motels | 2 |
| 722513 | Limited-Service Restaurants | 2 |
| 722511 | Full-Service Restaurants | 2 |
| 524210 | Insurance Agencies and Brokerages | 2 |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 2 |
Top 10 states
| State | Loans |
|---|---|
| MI | 63 |
| GA | 1 |
Top franchise brands financed
3 franchise loans across 2 distinct brands.
| Franchise | Loans |
|---|---|
| Biggby Coffee | 2 |
| Jimmy John's | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.