Farmers Bank and Trust Company, Princeton, Kentucky
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers Bank and Trust Company, Princeton, Kentucky · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 327991 | Cut Stone and Stone Product Manufacturing | 1 | $360K | $360K | 16.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $83K | $83K | 16.7% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 1 | $303K | $303K | 16.7% |
Geographic Distribution
SBA lending activity for Farmers Bank and Trust Company, Princeton, Kentucky by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 6 | $1.3M | 100.0% |
Why Choose Farmers Bank and Trust Company, Princeton, Kentucky?
Based on SBA 7(a) lending track record from 1991-2015
- ✓Proven Track Record: 6 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Cut Stone and Stone Product Manufacturing, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Offices of Mental Health Practitioners (except Physicians)
- ✓Competitive Terms: Average interest rate of 5.90% with flexible term lengths averaging 146 months
- ✓Loan Range: Loan sizes from $83K to $360K, with an average of $225K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KY
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 and Trust Company, Princeton, Kentucky SBA lending
What types of businesses does Farmers Bank and Trust Company, Princeton, Kentucky typically finance?
Farmers Bank and Trust Company, Princeton, Kentucky specializes in SBA 7(a) lending to specific industries including cut stone and stone product manufacturing, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, offices of mental health practitioners (except physicians). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers Bank and Trust Company, Princeton, Kentucky's typical SBA loan terms?
Farmers Bank and Trust Company, Princeton, Kentucky's SBA 7(a) loans typically feature an average interest rate of 5.90% and average term length of 146 months (approximately 12 years). Loan sizes range from $83K to $360K, with an average loan size of $225K.
Do I need a business valuation for a Farmers Bank and Trust Company, Princeton, Kentucky SBA loan?
Yes, Farmers Bank and Trust Company, Princeton, Kentucky 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 and Trust Company, Princeton, Kentucky compare to other SBA lenders?
Farmers Bank and Trust Company, Princeton, Kentucky has originated 6 SBA loans totaling $1.3M since 1991. 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 and Trust Company, Princeton, Kentucky lend in?
Farmers Bank and Trust Company, Princeton, Kentucky provides SBA 7(a) financing with particularly strong presence in KY. 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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