Farmers National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 237130 | Power and Communication Line and Related Structures Construction | 16 | $1.8M | $110K | 66.7% |
| 327320 | Ready-Mix Concrete Manufacturing | 8 | $2.5M | $310K | 33.3% |
Geographic Distribution
SBA lending activity for Farmers National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 24 | $4.2M | 100.0% |
Why Choose Farmers National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $4.2M in financing
- ✓Industry Expertise: Specialized focus on Power and Communication Line and Related Structures Construction, Ready-Mix Concrete Manufacturing
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 80 months
- ✓Loan Range: Loan sizes from $105K to $310K, with an average of $177K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KS
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 National Bank SBA lending
What types of businesses does Farmers National Bank typically finance?
Farmers National Bank specializes in SBA 7(a) lending to specific industries including power and communication line and related structures construction, ready-mix concrete manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers National Bank's typical SBA loan terms?
Farmers National Bank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 80 months (approximately 7 years). Loan sizes range from $105K to $310K, with an average loan size of $177K.
Do I need a business valuation for a Farmers National Bank SBA loan?
Yes, Farmers National Bank 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 National Bank compare to other SBA lenders?
Farmers National Bank has originated 24 SBA loans totaling $4.2M 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 National Bank lend in?
Farmers National Bank provides SBA 7(a) financing with particularly strong presence in KS. 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.
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