SBA lender profile
Select Bank
Select Bank appears in the public SBA loan data with 31 funded 7(a) loans since FY2010, totaling $11.7M, an average of $377K per loan, and an estimated 394 jobs supported. Its SBA lending concentrates in Virginia and the Health Care and Social Assistance sector. Across its 7(a) loans, the charge-off rate is 0.0%. 45.2% 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 77
- Scale 17
- Activity 59
- Consistency 35
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Select Bank the right lender for you?
Lenders fund what they know. Select Bank's SBA lending concentrates in Virginia (26 loans) and Health Care and Social Assistance (8 loans), at an average loan of $377K. 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
- $58M
- Headquarters
- Grand Rapids, MI
- FDIC cert
- #34127
- Status
- Inactive
Where Select Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Virginia | 26 | $10.6M |
| North Carolina | 5 | $1.1M |
Metro areas where Select Bank funds
What Select Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Health Care and Social Assistance | 8 | $6.1M |
| Manufacturing | 6 | $1.6M |
| Real Estate | 2 | $1.1M |
| Accommodation and Food Services | 5 | $1.0M |
| Retail Trade | 2 | $549K |
| Other Services | 3 | $515K |
Select Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2024 | 12 | $1.9M |
| 2025 | 14 | $8.7M |
| 2026 | 5 | $1.1M |
Related SBA lenders
Other lenders active in Virginia or in Health Care and Social Assistance.
Comparing lenders? See how to choose an SBA lender by track record.
Select Bank: frequently asked questions
Does Select Bank offer SBA loans?
Yes. Select Bank appears in the public SBA data with 31 funded SBA 7(a) loans totaling $11.7M.
How many SBA loans has Select Bank made?
Select Bank is associated with 31 SBA 7(a) loans totaling $11.7M in the public SBA data (as of 2026-03-31).
What is Select Bank's SBA charge-off rate?
About 0.0% of Select 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 Select Bank do most of its SBA lending?
Select Bank's SBA lending in the data is most concentrated in Virginia, and by industry in Health Care and Social Assistance.
Is Select Bank an SBA Preferred Lender (PLP)?
The loan record shows Select Bank operating under PLP delegated authority: 14 of its 7(a) loans (45.2%) were processed through the Preferred Lenders Program, including 14 in FY2024–2026. 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). Select Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/select-bank/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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