1st State Bank
MI
SBA-approved lender offering 6 loan programs across 5 industries.
Key Metrics
Interest Rate
8.36%
1.61% over prime
Average Loan
$479K
Per approval
Total Approvals
14
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Industries Served (5)
Drinking Places (Alcoholic Beverages)Full-Service RestaurantsOccupational and Speech TherapistsOffices of Physical, Occupational and Speech Therapists, and AudiologiPassenger Car Rental
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.61%
- Effective Rate
- 8.36%
- Fiscal Year
- 2025
- States Served
- MI
- Website
- www.fsb.bank
Ready to apply with 1st State Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.