Farmers State Bank of Fort Morgan, Colorado
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers State Bank of Fort Morgan, Colorado · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811192 | Car Washes | 1 | $100K | $100K | 5.9% |
| 445230 | Fruit and Vegetable Retailers | 1 | $10K | $10K | 5.9% |
| 541511 | Custom Computer Programming Services | 1 | $75K | $75K | 5.9% |
| 115112 | Soil Preparation, Planting, and Cultivating | 1 | $240K | $240K | 5.9% |
Geographic Distribution
SBA lending activity for Farmers State Bank of Fort Morgan, Colorado by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 17 | $1.7M | 100.0% |
Why Choose Farmers State Bank of Fort Morgan, Colorado?
Based on SBA 7(a) lending track record from 1991-2001
- ✓Proven Track Record: 17 SBA loans approved, totaling $1.7M in financing
- ✓Industry Expertise: Specialized focus on Car Washes, Fruit and Vegetable Retailers, Custom Computer Programming Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $10K to $400K, with an average of $103K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CO
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 State Bank of Fort Morgan, Colorado SBA lending
What types of businesses does Farmers State Bank of Fort Morgan, Colorado typically finance?
Farmers State Bank of Fort Morgan, Colorado specializes in SBA 7(a) lending to specific industries including car washes, fruit and vegetable retailers, custom computer programming services, soil preparation, planting, and cultivating. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers State Bank of Fort Morgan, Colorado's typical SBA loan terms?
Farmers State Bank of Fort Morgan, Colorado's SBA 7(a) loans typically feature an average interest rate of — and average term length of 130 months (approximately 11 years). Loan sizes range from $10K to $400K, with an average loan size of $103K.
Do I need a business valuation for a Farmers State Bank of Fort Morgan, Colorado SBA loan?
Yes, Farmers State Bank of Fort Morgan, Colorado 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 State Bank of Fort Morgan, Colorado compare to other SBA lenders?
Farmers State Bank of Fort Morgan, Colorado has originated 17 SBA loans totaling $1.7M since 1991. 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 State Bank of Fort Morgan, Colorado lend in?
Farmers State Bank of Fort Morgan, Colorado provides SBA 7(a) financing with particularly strong presence in CO. 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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