Farmers & Merchants Bank of Hutsonville
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers & Merchants Bank of Hutsonville · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 1 | $40K | $40K | 14.3% |
| 541370 | Surveying and Mapping (except Geophysical) Services | 1 | $31K | $31K | 14.3% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $390K | $390K | 14.3% |
Geographic Distribution
SBA lending activity for Farmers & Merchants Bank of Hutsonville by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 7 | $1.0M | 100.0% |
Why Choose Farmers & Merchants Bank of Hutsonville?
Based on SBA 7(a) lending track record from 1995-2009
- ✓Proven Track Record: 7 SBA loans approved, totaling $1.0M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Surveying and Mapping (except Geophysical) Services, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 177 months
- ✓Loan Range: Loan sizes from $25K to $400K, with an average of $149K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 & Merchants Bank of Hutsonville SBA lending
What types of businesses does Farmers & Merchants Bank of Hutsonville typically finance?
Farmers & Merchants Bank of Hutsonville specializes in SBA 7(a) lending to specific industries including beauty salons, surveying and mapping (except geophysical) services, supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers & Merchants Bank of Hutsonville's typical SBA loan terms?
Farmers & Merchants Bank of Hutsonville's SBA 7(a) loans typically feature an average interest rate of — and average term length of 177 months (approximately 15 years). Loan sizes range from $25K to $400K, with an average loan size of $149K.
Do I need a business valuation for a Farmers & Merchants Bank of Hutsonville SBA loan?
Yes, Farmers & Merchants Bank of Hutsonville 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 & Merchants Bank of Hutsonville compare to other SBA lenders?
Farmers & Merchants Bank of Hutsonville has originated 7 SBA loans totaling $1.0M 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 & Merchants Bank of Hutsonville lend in?
Farmers & Merchants Bank of Hutsonville provides SBA 7(a) financing with particularly strong presence in IL. 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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