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Bank · Chelsea, MI

Chelsea State Bank: SBA lending profile

SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026 · Lender website
38
SBA loans approved
$21.4M
Total approved
$282,350
Median loan
1
States lent in
42%
To startups
#644
National rank by loans

Chelsea State Bank approved 38 SBA loans worth $21.4M between October 2021 and June 2026, ranking #644 of 2,283 SBA lenders nationally by loan count. Its median loan was $282,350, and 42% went to startups or businesses under two years old. It lent in 1 states, most often in Michigan, and its most financed industry was manufacturing.

SBA loans per fiscal year

071320FY14: 5 loansFY14FY15: 4 loansFY15FY16: 1 loansFY16FY17: 5 loansFY17FY18: 1 loansFY18FY19: 5 loansFY19FY20: 6 loansFY20FY21: 8 loansFY21FY22: 4 loansFY22FY23: 7 loansFY23FY24: 12 loansFY2412FY25: 3 loansFY25FY26 (Oct to Jun): 12 loansFY2612
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

Where Chelsea State Bank lends

StateLoansApprovedMedian loanRank in state
Michigan38$21.4M$282,350#35

Industries Chelsea State Bank finances

IndustryLoansShareMedian loan
Manufacturing7
18%
$274,700
Professional and technical services7
18%
$425,000
Restaurants and hotels5
13%
$250,000
Retail4
11%
$218,000
Education3
8%
$290,000
Arts, entertainment and recreation3
8%
$1,494,000
Construction3
8%
$124,200
Other services (repair, personal care)2
5%
$225,000
Health care and social assistance2
5%
$1,707,250
Administrative and support services1
3%
$1,280,500
Loan size mix
  • Under $150,00026%
  • $150,000 to $500,00042%
  • $500,000 to $2 million24%
  • $2 million and up8%
Loan programs used
  • Standard 7(a)53%
  • SBA Express47%
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.