Business Loans

You’re invested in the Great Lakes Bay region. You’ve built your business here. If you need a business loan, it just makes sense to work with a bank that’s equally invested in the area; one that wants to invest in your business’s success. That’s 1st State Bank. Based right here in the Great Lakes Bay region. Locally owned, local employees, local decision making. With decades of experience serving the business banking needs of people like you. We provide a complete line of business loans with competitive loan rates and flexible terms to meet your business’s unique financing needs.

  • Lines of Credit
  • Business Term Loans
  • Business Real Estate Mortgages
  • Small Business Administration (SBA) Loans
  • Letters of Credit
  • Business Charge Cards
  • Equipment Leasing
Small Loan Program

The Small Loan Program is a streamlined application and approval process for business customers seeking financing up to $250,000, and whose business is located in Saginaw, Bay or Midland counties. The Small Loan Program financing options include the following

Business Term Loan
  • Financing up to $250,000
  • Funds generally used for the purchase of fixed assets (e.g., machinery/equipment, vehicles, real estate) and building improvements/expansions
  • Regular payments of principal and interest until loan maturity or payoff
  • Fixed or variable interest rate
  • Amortization terms up to 10 years for equipment and 20 years for real estate
  • Business buy/sell financing options available
  • Prepayment penalties may apply
  • Automatic payment from your 1st State Bank business checking account
Business Line of Credit
  • Financing up to $150,000
  • Funds generally used for short-term cash flow needs to cover operational expenses like payroll, accounts receivable, inventory or seasonal costs
  • Regular payments of interest with principal reductions at the discretion of the borrower
  • Variable rates of interest tied to Wall Street Journal Prime Rate
  • Interest only due when Line of Credit carries a balance
  • Automatic payment from your 1st State Bank business checking account

For assistance or questions, please contact us at Small Loan Program E-Mail

For your convenience, please use our Amortizing Loan Calculator to estimate your monthly payment.

If you are a current 1st State Bank business customer, we encourage you to reach out to your existing business lender. If you are not a current 1st State Bank business customer and prefer to speak with a banker, reach out to any one of our experienced Business Lenders or Branch Managers.

Business Charge Cards

Manage Your Business Charge Card

Our Business Charge Card provides you with benefits and rewards while providing the purchasing power you need. Let 1st State Bank’s business charge card be your safe, fast, convenient way to manage your business.

  • Customer service available 24/7
  • No annual fee
  • Earn cash, travel and merchandise rewards through
  • Choose from three statement formats
  • Online account management by eZBusiness
  • Manage cash flow
  • Monitor employee spending
  • Options to manage user cards
  • Set individual spending limits
  • Lock access and more…

Reward Your Company

Points you earn on the 1st State Bank Business Charge Card can be redeemed for cash rewards as a statement credit! Points can also be redeemed for name brand merchandise or travel rewards.

Ask your banker how you can apply for a 1st State Bank Business Charge Card today. Visit to redeem your points. Visit to check your balance and redeem your points!

Business Lenders

Portrait of Todd Clements

Todd Clements

SVP, Business Lender

(989) 596-0839

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Portrait of Missie Freier

Missie Freier

VP, Business Lender

(989) 596-0841

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Portrait of Steve Canole

Steve Canole

SVP, Business Lender

(989) 596-0834

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Portrait of Ed Keating

Ed Keating

SVP, Business Lender

(989) 596-0838

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Portrait of Lori Martin

Lori Martin

SVP, Business Lender

(989) 596-0837

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Jeff Proctor

VP, Business Lender

(989) 596-0825

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Portrait of Gail Sarnowski

Gail Sarnowski

VP, Business Lender

(989) 596-0835

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Portrait of Laura Yockey

Laura Yockey

SVP, Business Lending Manager

(989) 596-0842

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For More Information

Visit any of our Banking Offices or please Contact Us.

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