SBA lender profile
Central Savings Bank
Central Savings Bank appears in the public SBA loan data with 8 funded 7(a) loans totaling $4.9M, an average of $618K per loan, and an estimated 148 jobs supported. Its SBA lending concentrates in Michigan and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
8
Total volume
$4.9M
Average loan size
$618K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
148
Programs
7(a)
Bank profile
via FDIC- Total assets
- $488M
- Headquarters
- Sault Sainte Marie, MI
- FDIC cert
- #1095
- Status
- Active
Where Central Savings Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Michigan | 8 | $4.9M |
What Central Savings Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 3 | $2.4M |
| Other Services | 2 | $1.5M |
| Construction | 3 | $989K |
Central Savings Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2021 | 1 | $1.5M |
| 2022 | 5 | $1.9M |
| 2023 | 2 | $1.5M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Central Savings Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.