Farmers and Merchants Bank of South Carolina
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers and Merchants Bank of South Carolina · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $1.1M | $1.1M | 16.7% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $62K | $62K | 16.7% |
Geographic Distribution
SBA lending activity for Farmers and Merchants Bank of South Carolina by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 6 | $1.4M | 100.0% |
Why Choose Farmers and Merchants Bank of South Carolina?
Based on SBA 7(a) lending track record from 1991-2001
- ✓Proven Track Record: 6 SBA loans approved, totaling $1.4M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Drycleaning and Laundry Services (except Coin-Operated)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 113 months
- ✓Loan Range: Loan sizes from $27K to $1.1M, with an average of $240K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in SC
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Farmers and Merchants Bank of South Carolina SBA lending
What types of businesses does Farmers and Merchants Bank of South Carolina typically finance?
Farmers and Merchants Bank of South Carolina specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers and Merchants Bank of South Carolina's typical SBA loan terms?
Farmers and Merchants Bank of South Carolina's SBA 7(a) loans typically feature an average interest rate of — and average term length of 113 months (approximately 9 years). Loan sizes range from $27K to $1.1M, with an average loan size of $240K.
Do I need a business valuation for a Farmers and Merchants Bank of South Carolina SBA loan?
Yes, Farmers and Merchants Bank of South Carolina typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Farmers and Merchants Bank of South Carolina compare to other SBA lenders?
Farmers and Merchants Bank of South Carolina has originated 6 SBA loans totaling $1.4M since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Farmers and Merchants Bank of South Carolina lend in?
Farmers and Merchants Bank of South Carolina provides SBA 7(a) financing with particularly strong presence in SC. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.