1st State Bank

This is a financial institution offering SBA loan programs designed to support small businesses with funding for growth, real estate, and equipment. They provide personalized service and expert guidance throughout the application process.

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may also be accommodated depending on availability. Contact the branch in advance for the best experience.

Standard hours are typically Monday through Friday from 9 am to 5 pm, but it is advisable to check with the branch directly for specific hours or after-hours appointment options.

There are no fees for accessing basic information, but loan applications and processing involve standard fees such as origination and closing costs, which vary depending on the loan specifics.

This bank primarily serves small business owners in the local region, but eligibility for SBA loans depends on meeting specific credit and business criteria, not residency alone.

A minimum personal credit score of around 650 is generally preferred, but approval depends on overall creditworthiness and business viability.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and 1st State Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call 1st State Bank to confirm current weekend availability before you go.

1st State Bank is located in Michigan — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for 1st State Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by 1st State Bank itself, which runs its own lending under its own ownership. If you work at 1st State Bank, you can claim this listing from this page to manage it.

The core details for 1st State Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with 1st State Bank before applying. If you represent 1st State Bank, claim this listing to keep its information up to date.

You can reach 1st State Bank by phone at (989) 799-7500 or online at 1ststate.bank — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with 1st State Bank before relying on them.

Based on its approved SBA loans, 1st State Bank most often finances businesses in manufacturing, construction & contractors, restaurants & food service, wholesale & distribution, transportation & trucking, and medical practices & clinics. This reflects 1st State Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with 1st State Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether 1st State Bank participates in SBA Express depends on its specific SBA lending authority. Contact 1st State Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. 1st State Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. 1st State Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask 1st State Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask 1st State Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask 1st State Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with 1st State Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. 1st State Bank weighs this case by case under its own policy, so be upfront about your history and ask 1st State Bank how it evaluates prior bankruptcies.