SBA lender profile
Chelsea State Bank
Chelsea State Bank appears in the public SBA loan data with 46 funded 7(a) loans totaling $25.6M, an average of $556K per loan, and an estimated 549 jobs supported. Its SBA lending concentrates in Michigan 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
46
Total volume
$25.6M
Average loan size
$556K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
549
Programs
7(a)
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 | 46 | $25.6M |
What Chelsea State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 9 | $6.1M |
| Retail Trade | 9 | $5.9M |
| Professional and Technical Services | 7 | $4.1M |
| Other Services | 3 | $2.5M |
| Arts, Entertainment, Recreation | 2 | $1.7M |
| Administrative and Support | 2 | $1.6M |
Chelsea State Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 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 |
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 Chelsea State 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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