SBA lender · 7(a) program
Central State Bank
Central State Bank has approved 65 SBA loans worth $29.7M since FY2010. Everything below comes from the SBA’s own loan-level records.
National rank
#945
<0.01% of all SBA dollars
Total approved
$29.7M
FY2010 onward
Loans
65
Median loan
$225,000
+25% vs national
Median rate
6.00%
-0.75 pts vs national
Charge-off rate
20.6%
34 resolved FY10-19 loans
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What Central State Bank’s numbers say
Central State Bank sits in the long tail of the SBA lending field, having approved 65 loans for a gross total of $29.7M since fiscal 2010. Its median loan of $225,000 is close to the $180,000 national median.
The median initial note rate across its 7(a) approvals is 6.00%, 0.75 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 20.6% were charged off, 13.0 points above the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 5% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Questions about Central State Bank
- How many SBA loans has Central State Bank approved?
- Central State Bank has approved 65 SBA loans totalling $29,710,100 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it outside the top 500 among all SBA lenders by dollars approved.
- What is the typical Central State Bank SBA loan size?
- The median gross approval is $225,000, with the middle 80% of loans falling between $93,800 and $1,252,800. The national median across all SBA lenders is $180,000.
- What interest rate does Central State Bank charge on SBA 7(a) loans?
- The median initial note rate on Central State Bank's 7(a) approvals is 6.00%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is Central State Bank's SBA loan charge-off rate?
- 20.6% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
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