Farmers and Merchants Trust Company of Chambersburg
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers and Merchants Trust Company of Chambersburg · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 1 | $50K | $50K | 20.0% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $1.5M | $1.5M | 20.0% |
Geographic Distribution
SBA lending activity for Farmers and Merchants Trust Company of Chambersburg by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 5 | $2.6M | 100.0% |
Why Choose Farmers and Merchants Trust Company of Chambersburg?
Based on SBA 7(a) lending track record from 1995-2009
- ✓Proven Track Record: 5 SBA loans approved, totaling $2.6M in financing
- ✓Industry Expertise: Specialized focus on Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $50K to $1.5M, with an average of $514K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
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 Trust Company of Chambersburg SBA lending
What types of businesses does Farmers and Merchants Trust Company of Chambersburg typically finance?
Farmers and Merchants Trust Company of Chambersburg specializes in SBA 7(a) lending to specific industries including other commercial and industrial machinery and equipment rental and leasing, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers and Merchants Trust Company of Chambersburg's typical SBA loan terms?
Farmers and Merchants Trust Company of Chambersburg's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 110 months (approximately 9 years). Loan sizes range from $50K to $1.5M, with an average loan size of $514K.
Do I need a business valuation for a Farmers and Merchants Trust Company of Chambersburg SBA loan?
Yes, Farmers and Merchants Trust Company of Chambersburg 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 Trust Company of Chambersburg compare to other SBA lenders?
Farmers and Merchants Trust Company of Chambersburg has originated 5 SBA loans totaling $2.6M since 1995. 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 Trust Company of Chambersburg lend in?
Farmers and Merchants Trust Company of Chambersburg provides SBA 7(a) financing with particularly strong presence in PA. 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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Certified valuations are often required for SBA loans over $250,000.
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