SBA lender profile
1st State Bank
1st State Bank appears in the public SBA loan data with 118 funded 7(a) loans since FY2010, totaling $43.2M, an average of $367K per loan, and an estimated 1,258 jobs supported. Its SBA lending concentrates in Michigan and the Construction sector. Across its 7(a) loans, the charge-off rate is 1.7%. 58.5% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 78
- Scale 53
- Activity 59
- Consistency 82
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is 1st State Bank the right lender for you?
Lenders fund what they know. 1st State Bank's SBA lending concentrates in Michigan (116 loans) and Construction (10 loans), at an average loan of $367K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $370M
- Headquarters
- Burlington, NC
- FDIC cert
- #27789
- Status
- Inactive
Where 1st State Bank lends
Top states by funded SBA volume.
Metro areas where 1st State Bank funds
What 1st State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 10 | $11.0M |
| Retail Trade | 10 | $5.6M |
| Accommodation and Food Services | 15 | $4.6M |
| Health Care and Social Assistance | 16 | $4.5M |
| Manufacturing | 15 | $4.2M |
| Other Services | 13 | $2.8M |
1st State Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 4 | $1.1M |
| 2011 | 4 | $1.2M |
| 2012 | 7 | $2.1M |
| 2013 | 8 | $2.0M |
| 2014 | 4 | $473K |
| 2015 | 3 | $1.6M |
| 2016 | 7 | $3.4M |
| 2017 | 7 | $1.5M |
| 2018 | 3 | $195K |
| 2019 | 6 | $1.9M |
| 2020 | 12 | $8.2M |
| 2021 | 16 | $5.1M |
| 2022 | 7 | $3.8M |
| 2023 | 11 | $2.2M |
| 2024 | 4 | $1.5M |
| 2025 | 14 | $6.7M |
| 2026 | 1 | $265K |
Related SBA lenders
Other lenders active in Michigan or in Construction.
Comparing lenders? See how to choose an SBA lender by track record.
1st State Bank: frequently asked questions
Does 1st State Bank offer SBA loans?
Yes. 1st State Bank appears in the public SBA data with 118 funded SBA 7(a) loans totaling $43.2M.
How many SBA loans has 1st State Bank made?
1st State Bank is associated with 118 SBA 7(a) loans totaling $43.2M in the public SBA data (as of 2026-03-31).
What is 1st State Bank's SBA charge-off rate?
About 1.7% of 1st State Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does 1st State Bank do most of its SBA lending?
1st State Bank's SBA lending in the data is most concentrated in Michigan, and by industry in Construction.
Is 1st State Bank an SBA Preferred Lender (PLP)?
The loan record shows 1st State Bank operating under PLP delegated authority: 69 of its 7(a) loans (58.5%) were processed through the Preferred Lenders Program, including 18 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). 1st State Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/1st-state-bank/
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