Farmers and Merchants Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers and Merchants Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 56 | $13.2M | $236K | 8.2% |
| 238210 | Electrical Contractors | 40 | $31.2M | $780K | 5.9% |
| 458210 | Other | 32 | $26.6M | $832K | 4.7% |
| 541990 | All Other Professional, Scientific, and Technical Services | 24 | $3.8M | $158K | 3.5% |
| 561730 | Landscaping Services | 24 | $20.1M | $838K | 3.5% |
| 236118 | Residential Remodelers | 16 | $14.6M | $916K | 2.4% |
| 541613 | Marketing Consulting Services | 16 | $40.0M | $2.5M | 2.4% |
| 541810 | Advertising Agencies | 16 | $1.2M | $78K | 2.4% |
| 722511 | Full-Service Restaurants | 16 | $4.0M | $253K | 2.4% |
| 459210 | Other | 16 | $1.5M | $95K | 2.4% |
Geographic Distribution
SBA lending activity for Farmers and Merchants Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 472 | $282.6M | 69.4% |
| Minnesota (MN) | 176 | $94.3M | 25.9% |
| Washington (WA) | 8 | $864K | 1.2% |
| Wisconsin (WI) | 16 | $800K | 2.4% |
| Texas (TX) | 8 | $400K | 1.2% |
Why Choose Farmers and Merchants Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 680 SBA loans approved, totaling $379.0M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Electrical Contractors, Other
- ✓Competitive Terms: Average interest rate of 7.41% with flexible term lengths averaging 86 months
- ✓Loan Range: Loan sizes from $25K to $4.6M, with an average of $557K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in IA, MN, WI
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 Savings Bank SBA lending
What types of businesses does Farmers and Merchants Savings Bank typically finance?
Farmers and Merchants Savings Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, electrical contractors, other, all other professional, scientific, and technical services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers and Merchants Savings Bank's typical SBA loan terms?
Farmers and Merchants Savings Bank's SBA 7(a) loans typically feature an average interest rate of 7.41% and average term length of 86 months (approximately 7 years). Loan sizes range from $25K to $4.6M, with an average loan size of $557K.
Do I need a business valuation for a Farmers and Merchants Savings Bank SBA loan?
Yes, Farmers and Merchants Savings Bank 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 Savings Bank compare to other SBA lenders?
Farmers and Merchants Savings Bank has originated 680 SBA loans totaling $379.0M since 2020. 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 Savings Bank lend in?
Farmers and Merchants Savings Bank provides SBA 7(a) financing with particularly strong presence in IA, MN, WI, TX, WA. 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.
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Professional valuations are often required for SBA loans over $250,000.
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