Farmers Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 1 | $150K | $150K | 4.2% |
| 624410 | Child Care Services | 1 | $175K | $175K | 4.2% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $468K | $468K | 4.2% |
| 111422 | Floriculture Production | 1 | $116K | $116K | 4.2% |
| 112320 | Broilers and Other Meat Type Chicken Production | 1 | $200K | $200K | 4.2% |
| 236210 | Industrial Building Construction | 1 | $275K | $275K | 4.2% |
| 541940 | Veterinary Services | 1 | $60K | $60K | 4.2% |
| 213112 | Support Activities for Oil and Gas Operations | 1 | $17K | $17K | 4.2% |
Geographic Distribution
SBA lending activity for Farmers Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Idaho (ID) | 13 | $2.3M | 54.2% |
| Arkansas (AR) | 9 | $1.1M | 37.5% |
| Colorado (CO) | 1 | $275K | 4.2% |
| Tennessee (TN) | 1 | $210K | 4.2% |
Why Choose Farmers Bank?
Based on SBA 7(a) lending track record from 1992-2011
- ✓Proven Track Record: 24 SBA loans approved, totaling $4.0M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Child Care Services, All Other Amusement and Recreation Industries
- ✓Competitive Terms: Average interest rate of 6.50% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $10K to $750K, with an average of $165K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in ID, AR, TN
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 Bank SBA lending
What types of businesses does Farmers Bank typically finance?
Farmers Bank specializes in SBA 7(a) lending to specific industries including landscaping services, child care services, all other amusement and recreation industries, floriculture production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers Bank's typical SBA loan terms?
Farmers Bank's SBA 7(a) loans typically feature an average interest rate of 6.50% and average term length of 126 months (approximately 11 years). Loan sizes range from $10K to $750K, with an average loan size of $165K.
Do I need a business valuation for a Farmers Bank SBA loan?
Yes, Farmers 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 Bank compare to other SBA lenders?
Farmers Bank has originated 24 SBA loans totaling $4.0M since 1992. 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 Bank lend in?
Farmers Bank provides SBA 7(a) financing with particularly strong presence in ID, AR, TN, CO. 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?
Certified valuations are often required for SBA loans over $250,000.
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