Farmers & Merchants Bank of North Dakota
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers & Merchants Bank of North Dakota · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 115114 | Postharvest Crop Activities (except Cotton Ginning) | 8 | $3.4M | $424K | 20.0% |
| 238990 | All Other Specialty Trade Contractors | 8 | $845K | $106K | 20.0% |
| 424710 | Petroleum Bulk Stations and Terminals | 3 | $575K | $192K | 7.5% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 3 | $470K | $157K | 7.5% |
| 423930 | Recyclable Material Merchant Wholesalers | 3 | $1.9M | $633K | 7.5% |
| 212321 | Construction Sand and Gravel Mining | 2 | $775K | $388K | 5.0% |
| 812921 | Photofinishing Laboratories (except One-Hour) | 2 | $275K | $138K | 5.0% |
| 722330 | Mobile Food Services | 1 | $25K | $25K | 2.5% |
| 111421 | Nursery and Tree Production | 1 | $60K | $60K | 2.5% |
| 562991 | Septic Tank and Related Services | 1 | $22K | $22K | 2.5% |
Geographic Distribution
SBA lending activity for Farmers & Merchants Bank of North Dakota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 32 | $11.1M | 80.0% |
| Minnesota (MN) | 8 | $845K | 20.0% |
Why Choose Farmers & Merchants Bank of North Dakota?
Based on SBA 7(a) lending track record from 1995-2021
- ✓Proven Track Record: 40 SBA loans approved, totaling $11.9M in financing
- ✓Industry Expertise: Specialized focus on Postharvest Crop Activities (except Cotton Ginning), All Other Specialty Trade Contractors, Petroleum Bulk Stations and Terminals
- ✓Competitive Terms: Average interest rate of 5.83% with flexible term lengths averaging 70 months
- ✓Loan Range: Loan sizes from $22K to $1.0M, with an average of $298K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in ND, MN
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 North Dakota SBA lending
What types of businesses does Farmers & Merchants Bank of North Dakota typically finance?
Farmers & Merchants Bank of North Dakota specializes in SBA 7(a) lending to specific industries including postharvest crop activities (except cotton ginning), all other specialty trade contractors, petroleum bulk stations and terminals, rv (recreational vehicle) parks and campgrounds. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers & Merchants Bank of North Dakota's typical SBA loan terms?
Farmers & Merchants Bank of North Dakota's SBA 7(a) loans typically feature an average interest rate of 5.83% and average term length of 70 months (approximately 6 years). Loan sizes range from $22K to $1.0M, with an average loan size of $298K.
Do I need a business valuation for a Farmers & Merchants Bank of North Dakota SBA loan?
Yes, Farmers & Merchants Bank of North Dakota 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 North Dakota compare to other SBA lenders?
Farmers & Merchants Bank of North Dakota has originated 40 SBA loans totaling $11.9M 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 North Dakota lend in?
Farmers & Merchants Bank of North Dakota provides SBA 7(a) financing with particularly strong presence in ND, MN. 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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