SBA lender profile
Select Bank
Select Bank appears in the public SBA loan data with 31 funded 7(a) loans 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 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
31
Total volume
$11.7M
Average loan size
$377K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
394
Programs
7(a)
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 |
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
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2024 | 12 | $1.9M |
| 2025 | 14 | $8.7M |
| 2026 | 5 | $1.1M |
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 Select 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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