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Business Loan. Line drawing of an outstretched arm holding currency in its hand.

Business Loans It takes money to build a business. Whether your dream is to manage a business out of your home, or to oversee multiple operations across the country, we can help you make that dream a reality. The State Bank offers a variety of short and long term financing options for whatever stage your business is in.

 Business Loans

When the time comes for you to make a major equipment purchase, expand or move your facilities or simply cover short-term operating expenses, our commercial experts can provide customized lending solutions to fit your business needs.

Term Loans to help finance:

  • Equipment Purchases
  • Working Capital Needs
  • Business Acquisitions
  • And More!

To get more information contact us or stop in to one of our local branches for a consultation.


What is an SBA Loan?

It is a government-backed loan.  The SBA (Small Business Administration) works with lenders to provide a partial guarantee of the outstanding loan balance to reduce the lender’s risk and increases small business lending which helps to expand small business economic activity.

Use of Proceeds

  • Purchase or expand a business
  • To provide long-term working capital to use to pay operational expenses, accounts payable and/or to purchase inventory
  • Short-term working capital needs, including seasonal financing, contract performance, construction financing and exporting
  • Revolving funds based on the value of existing inventory and receivables
  • To purchase equipment, machinery, furniture, fixtures, supplies or materials, vehicles, inventory
  • To purchase owner occupied real estate, including land and buildings
  • To construct a new building or renovate an existing building
  • To establish a new business or assist in the acquisition, operation or expansion of an existing business
  • To refinance existing business debt, under certain conditions

Benefits of SBA Loans

  • Easier qualifications than conventional loan
  • Lower down payments
  • No balloon payments
  • Longer terms
  • Flexible repayment terms
  • Designed for businesses with collateral that might not meet convention lending standards
  • No advance formula
  • Less covenants
  • Advantages to Veterans

Types of SBA Loans

  • SBA 7a Business Loans
    • The most common SBA loan, this program offers up to $5,000,000 for a variety of financing needs, with longer terms and lower collateral requirements than conventional lending.
  • SBA 7(a) Small Loans
    • Targeted for smaller requests, up to $350,000, allowing for an expedited and streamlined application process with fewer requirements.
  • SBAExpress Loans
    • Fast-expediting loans of up to $350,000 provide fixed-asset purchase power, debt consolidation, or working capital.
  • SBA 504
    • Designed for a growing business that needs a long-term fixed rate loan for a major acquisition, the projects range from $125,000 to $12,500,000 depending on business type.
    • The bank partners with a CDC (Certified Development Corporation) to provide financing. Typically, the bank will fund 50% of the loan amount, the CDC will fund 40% of the loan amount and the borrower will fund 10%.
  • Working Capital CAPline
    • Fulfills short-term needs such as inventory, receivables, or consolidating debt with this revolving credit line up to $5,000,000.
  SBA 7a SBA Express SBA 504
Best Use Purchase or expand a business

Purchase equipment or inventory

Purchase Real Estate

Working Capital

Refinance Debt

Construction and renovations

Working capital

Purchase equipment

Purchase vehicles or inventory

Purchase or expand a business

Purchase equipment or real estate (no refinancing)

Construction and renovations

Amount Up to $5.0 million Up to $350,000 $125,00 minimum, $12.5 million maximum
Term Up to 10 years for working capital

Up to 10 years for equipment and business acquisition

Up to 25 years for real estate

Up to 7 years for working capital

Up to 10 years for equipment and business acquisition

Up to 25 years for real estate

Up to 2 year interim construction period

7-10 years on equipment

10-20 years on real estate

Rate: Fixed or variable options

What's needed to get started

  • Company Information  - Name, Type, Ownership
  • Personal Financial Statement (all ownership 20% or more)
  • Federal Business Tax Returns for 3 prior years
  • Year-to-date Balance Sheet and Income Statement (within 120 days.)
  • Federal Personal Tax Returns for 3 prior years (all ownership 20% or more)
  • Projections, if applicable
  • Business Plan, if applicable
  • Purchase Agreement, if applicable

Click Here to learn more about SBA loans (including Frequently Asked Questions and Common Myths)

To get more information  contact us or stop in to one of our local branches for a consultation.

Commercial Real Estate

Looking to finance your commercial real estate investment?  Our experienced lenders can assist you in finding the perfect fit.  We specialize in:

  • Owner Occupied
  • Investment Real Estate
    • Multi-Family
    • Office
    • Retail
    • Industrial/Warehouse
    • Mixed Use
    • Net Lease

The State Bank customizes Commercial Real Estate Loans to fit your needs.  This includes Loan to Values up to 80% and variable or fixed interest rate options.

To get more information contact us or stop in to one of our local branches for a consultation.

Smart Decisions


Let The State Bank help you make 'Smart Decisions' with your finances.


Learn More

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  • View transaction history
  • Transfer funds between accounts
  • Pay your bills

Branch Lobbies Open as Normal

Main | Grand Blanc North | Holly | Linden | Silver Parkway | VGs
Chesaning  | Montrose | New Lothrop | St. Charles | Thomas Township


Branch Lobbies by Appointment Only

Brighton: Call (810) 534-0800, ITM Available
Birch Run: Call (989) 624-6280, Drive Thru Open as Normal


Branch Lobbies Closed

GB South: visit Main,  175 N. Leroy. ITM available.
Burt: visit Birch Run Drive Thru, 8412 Main St. or Chesaning Lobby, 12771 Brady Rd.


ITMs remain open as normal:

M-F 7:00 – 7:00
Sat. 9:00 – 5:00
Sun. 11:00- 3:00