Farmers & Merchants State Bank of New York Mills, Incorporat
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Farmers & Merchants State Bank of New York Mills, Incorporat
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445210 | Meat Markets | 16 | $3.7M | $230K | 28.6% |
| 811111 | General Automotive Repair | 8 | $1.5M | $190K | 14.3% |
| 314910 | Textile Bag and Canvas Mills | 8 | $1.0M | $125K | 14.3% |
| 441330 | Other | 8 | $600K | $75K | 14.3% |
| 493110 | General Warehousing and Storage | 8 | $800K | $100K | 14.3% |
| 531312 | Nonresidential Property Managers | 8 | $920K | $115K | 14.3% |
Geographic Distribution
SBA lending activity for Farmers & Merchants State Bank of New York Mills, Incorporat by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 56 | $8.5M | 100.0% |
Why Choose Farmers & Merchants State Bank of New York Mills, Incorporat?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $8.5M in financing
- ✓Industry Expertise: Specialized focus on Meat Markets, General Automotive Repair, Textile Bag and Canvas Mills
- ✓Competitive Terms: Average interest rate of 6.82% with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $75K to $270K, with an average of $152K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 State Bank of New York Mills, Incorporat SBA lending
What types of businesses does Farmers & Merchants State Bank of New York Mills, Incorporat typically finance?
Farmers & Merchants State Bank of New York Mills, Incorporat specializes in SBA 7(a) lending to specific industries including meat markets, general automotive repair, textile bag and canvas mills, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers & Merchants State Bank of New York Mills, Incorporat's typical SBA loan terms?
Farmers & Merchants State Bank of New York Mills, Incorporat's SBA 7(a) loans typically feature an average interest rate of 6.82% and average term length of 103 months (approximately 9 years). Loan sizes range from $75K to $270K, with an average loan size of $152K.
Do I need a business valuation for a Farmers & Merchants State Bank of New York Mills, Incorporat SBA loan?
Yes, Farmers & Merchants State Bank of New York Mills, Incorporat 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 State Bank of New York Mills, Incorporat compare to other SBA lenders?
Farmers & Merchants State Bank of New York Mills, Incorporat has originated 56 SBA loans totaling $8.5M 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 State Bank of New York Mills, Incorporat lend in?
Farmers & Merchants State Bank of New York Mills, Incorporat provides SBA 7(a) financing with particularly strong presence in 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.
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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.