Farmers and Miners Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers and Miners Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 1 | $115K | $115K | 100.0% |
Geographic Distribution
SBA lending activity for Farmers and Miners Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 1 | $115K | 100.0% |
Why Choose Farmers and Miners Bank?
Based on SBA 7(a) lending track record from 2002-2002
- ✓Proven Track Record: 1 SBA loans approved, totaling $115K in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 180 months
- ✓Loan Range: Loan sizes from $115K to $115K, with an average of $115K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in VA
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 Miners Bank SBA lending
What types of businesses does Farmers and Miners Bank typically finance?
Farmers and Miners Bank specializes in SBA 7(a) lending to specific industries including offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers and Miners Bank's typical SBA loan terms?
Farmers and Miners Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 180 months (approximately 15 years). Loan sizes range from $115K to $115K, with an average loan size of $115K.
Do I need a business valuation for a Farmers and Miners Bank SBA loan?
Yes, Farmers and Miners 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 Miners Bank compare to other SBA lenders?
Farmers and Miners Bank has originated 1 SBA loans totaling $115K since 2002. 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 Miners Bank lend in?
Farmers and Miners Bank provides SBA 7(a) financing with particularly strong presence in VA. 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.
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