SBA lender profile
Charter Bank
Charter Bank appears in the public SBA loan data with 6 funded 7(a) loans totaling $3.3M, an average of $545K per loan, and an estimated 82 jobs supported. Its SBA lending concentrates in Iowa and the Manufacturing 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
6
Total volume
$3.3M
Average loan size
$545K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
82
Programs
7(a)
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 | 6 | $3.3M |
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 |
| Accommodation and Food Services | 1 | $150K |
| Health Care and Social Assistance | 1 | $66K |
Charter Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 1 | $1.4M |
| 2021 | 2 | $166K |
| 2023 | 1 | $1.0M |
| 2024 | 1 | $465K |
| 2025 | 1 | $150K |
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 Charter 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.
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