Farmers and Merchants State Bank of Springfield
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Farmers and Merchants State Bank of Springfield
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 511110 | Newspaper Publishers | 8 | $1.2M | $150K | 100.0% |
Geographic Distribution
SBA lending activity for Farmers and Merchants State Bank of Springfield by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 8 | $1.2M | 100.0% |
Why Choose Farmers and Merchants State Bank of Springfield?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on Newspaper Publishers
- ✓Competitive Terms: Average interest rate of 5.00% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $150K to $150K, with an average of $150K
- ✓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 Springfield SBA lending
What types of businesses does Farmers and Merchants State Bank of Springfield typically finance?
Farmers and Merchants State Bank of Springfield specializes in SBA 7(a) lending to specific industries including newspaper publishers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers and Merchants State Bank of Springfield's typical SBA loan terms?
Farmers and Merchants State Bank of Springfield's SBA 7(a) loans typically feature an average interest rate of 5.00% and average term length of 120 months (approximately 10 years). Loan sizes range from $150K to $150K, with an average loan size of $150K.
Do I need a business valuation for a Farmers and Merchants State Bank of Springfield SBA loan?
Yes, Farmers and Merchants State Bank of Springfield 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 Springfield compare to other SBA lenders?
Farmers and Merchants State Bank of Springfield has originated 8 SBA loans totaling $1.2M 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 Springfield lend in?
Farmers and Merchants State Bank of Springfield 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.
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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.