SBA lender profile
Charter Bank
Charter Bank appears in the public SBA loan data with 8 funded 7(a) loans since FY2010, totaling $3.6M, an average of $446K per loan, and an estimated 89 jobs supported. Its SBA lending concentrates in Iowa and the Manufacturing sector. With only 8 7(a) loans in the data, the sample is too small to read a charge-off rate as a track record.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
Is Charter Bank the right lender for you?
Charter Bank appears in the SBA record with 8 funded loans since FY2010, too few to read as a lending pattern. That is not a mark against the institution, but it does mean the record cannot tell you whether it lends to businesses like yours. Lenders with a deeper track record in your state and industry can.
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
- $355M
- Headquarters
- Wyandotte, MI
- FDIC cert
- #10037
- Status
- Inactive
Where Charter Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Iowa | 8 | $3.6M |
What Charter Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 1 | $1.4M |
| Retail Trade | 2 | $1.1M |
| Agriculture, Forestry, Fishing | 1 | $465K |
| Administrative and Support | 1 | $200K |
| Accommodation and Food Services | 1 | $150K |
| Other Services | 1 | $95K |
Charter Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2011 | 1 | $200K |
| 2013 | 1 | $95K |
| 2020 | 1 | $1.4M |
| 2021 | 2 | $166K |
| 2023 | 1 | $1.0M |
| 2024 | 1 | $465K |
| 2025 | 1 | $150K |
Related SBA lenders
Other lenders active in Iowa or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Charter Bank: frequently asked questions
Does Charter Bank offer SBA loans?
Yes. Charter Bank appears in the public SBA data with 8 funded SBA 7(a) loans totaling $3.6M.
How many SBA loans has Charter Bank made?
Charter Bank is associated with 8 SBA 7(a) loans totaling $3.6M in the public SBA data (as of 2026-03-31).
What is Charter Bank's SBA charge-off rate?
Charter Bank appears with only 8 7(a) loans in the data, too few for a charge-off rate to be meaningful as a track record. The SBA Lender Score treats fewer than 20 loans as insufficient data for the same reason; see our methodology.
Where does Charter Bank do most of its SBA lending?
Charter Bank's SBA lending in the data is most concentrated in Iowa, and by industry in Manufacturing.
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). Charter Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/charter-bank/
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