Farmers and Merchants State Bank of Pierz
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Farmers and Merchants State Bank of Pierz
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 337122 | Nonupholstered Wood Household Furniture Manufacturing | 32 | $2.6M | $83K | 26.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 16 | $880K | $55K | 13.3% |
| 339999 | All Other Miscellaneous Manufacturing | 16 | $4.0M | $250K | 13.3% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 16 | $2.8M | $175K | 13.3% |
| 238120 | Structural Steel and Precast Concrete Contractors | 8 | $1.8M | $225K | 6.7% |
| 112920 | Horse and Other Equine Production | 8 | $2.0M | $250K | 6.7% |
| 458110 | Other | 8 | $2.0M | $250K | 6.7% |
| 611620 | Sports and Recreation Instruction | 8 | $374K | $47K | 6.7% |
| 236220 | Commercial and Institutional Building Construction | 8 | $2.6M | $320K | 6.7% |
Geographic Distribution
SBA lending activity for Farmers and Merchants State Bank of Pierz by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 120 | $19.1M | 100.0% |
Why Choose Farmers and Merchants State Bank of Pierz?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $19.1M in financing
- ✓Industry Expertise: Specialized focus on Nonupholstered Wood Household Furniture Manufacturing, Commercial and Industrial Machinery and Equipment (except Automotive a, All Other Miscellaneous Manufacturing
- ✓Competitive Terms: Average interest rate of 6.24% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $10K to $320K, with an average of $159K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 State Bank of Pierz SBA lending
What types of businesses does Farmers and Merchants State Bank of Pierz typically finance?
Farmers and Merchants State Bank of Pierz specializes in SBA 7(a) lending to specific industries including nonupholstered wood household furniture manufacturing, commercial and industrial machinery and equipment (except automotive a, all other miscellaneous manufacturing, plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers and Merchants State Bank of Pierz's typical SBA loan terms?
Farmers and Merchants State Bank of Pierz's SBA 7(a) loans typically feature an average interest rate of 6.24% and average term length of 109 months (approximately 9 years). Loan sizes range from $10K to $320K, with an average loan size of $159K.
Do I need a business valuation for a Farmers and Merchants State Bank of Pierz SBA loan?
Yes, Farmers and Merchants State Bank of Pierz 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 State Bank of Pierz compare to other SBA lenders?
Farmers and Merchants State Bank of Pierz has originated 120 SBA loans totaling $19.1M 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 State Bank of Pierz lend in?
Farmers and Merchants State Bank of Pierz provides SBA 7(a) financing with particularly strong presence in MN. 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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