Farmers & Merchants Bank of North Dakota
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Farmers & Merchants Bank of North Dakota
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722330 | Mobile Food Services | 8 | $200K | $25K | 100.0% |
Geographic Distribution
SBA lending activity for Farmers & Merchants Bank of North Dakota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 8 | $200K | 100.0% |
Why Choose Farmers & Merchants Bank of North Dakota?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $200K in financing
- ✓Industry Expertise: Specialized focus on Mobile Food Services
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 12 months
- ✓Loan Range: Loan sizes from $25K to $25K, with an average of $25K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ND
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 mobile food services. 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 6.00% and average term length of 12 months (approximately 1 years). Loan sizes range from $25K to $25K, with an average loan size of $25K.
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 8 SBA loans totaling $200K since 2020. 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. 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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Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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