SBA lender profile
Chelsea State Bank
Chelsea State Bank appears in the public SBA loan data with 78 funded 7(a) loans since FY2010, totaling $43.4M, an average of $556K per loan, and an estimated 1,145 jobs supported. Its SBA lending concentrates in Michigan and the Retail Trade sector. Across its 7(a) loans, the charge-off rate is 3.9%. 1.3% 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 67
- Scale 49
- Activity 58
- Consistency 79
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Chelsea State Bank the right lender for you?
Lenders fund what they know. Chelsea State Bank's SBA lending concentrates in Michigan (78 loans) and Retail Trade (15 loans), at an average loan of $556K. 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
- $422M
- Headquarters
- Chelsea, MI
- FDIC cert
- #14009
- Status
- Active
Where Chelsea State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Michigan | 78 | $43.4M |
Metro areas where Chelsea State Bank funds
What Chelsea State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 15 | $10.5M |
| Manufacturing | 10 | $6.2M |
| Professional and Technical Services | 8 | $6.2M |
| Construction | 7 | $5.2M |
| Other Services | 9 | $4.6M |
| Health Care and Social Assistance | 10 | $2.2M |
Chelsea State Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2011 | 1 | $1.3M |
| 2012 | 8 | $2.6M |
| 2013 | 2 | $2.5M |
| 2014 | 5 | $2.8M |
| 2015 | 4 | $2.9M |
| 2016 | 1 | $150K |
| 2017 | 5 | $2.3M |
| 2018 | 1 | $25K |
| 2019 | 5 | $3.2M |
| 2020 | 6 | $3.9M |
| 2021 | 8 | $7.6M |
| 2022 | 4 | $736K |
| 2023 | 7 | $1.3M |
| 2024 | 12 | $7.4M |
| 2025 | 3 | $1.3M |
| 2026 | 6 | $3.4M |
Related SBA lenders
Other lenders active in Michigan or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Chelsea State Bank: frequently asked questions
Does Chelsea State Bank offer SBA loans?
Yes. Chelsea State Bank appears in the public SBA data with 78 funded SBA 7(a) loans totaling $43.4M.
How many SBA loans has Chelsea State Bank made?
Chelsea State Bank is associated with 78 SBA 7(a) loans totaling $43.4M in the public SBA data (as of 2026-03-31).
What is Chelsea State Bank's SBA charge-off rate?
About 3.9% of Chelsea 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 Chelsea State Bank do most of its SBA lending?
Chelsea State Bank's SBA lending in the data is most concentrated in Michigan, and by industry in Retail Trade.
Is Chelsea State Bank an SBA Preferred Lender (PLP)?
The loan record shows Chelsea State Bank operating under PLP delegated authority: 1 of its 7(a) loans (1.3%) were processed through the Preferred Lenders Program. 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). Chelsea State Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/chelsea-state-bank/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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.
Get SBA lending trends in your inbox
Occasional, data-driven briefings on SBA lending by industry and state. No spam, unsubscribe anytime.
We use your email only to send lending-trend updates. See our privacy policy.