Farmers State Bank of Trimont
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers State Bank of Trimont · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Farmers State Bank of Trimont by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 4 | $695K | 100.0% |
Why Choose Farmers State Bank of Trimont?
Based on SBA 7(a) lending track record from 1995-1998
- ✓Proven Track Record: 4 SBA loans approved, totaling $695K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 155 months
- ✓Loan Range: Loan sizes from $30K to $485K, with an average of $174K
- ✓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 State Bank of Trimont SBA lending
What types of businesses does Farmers State Bank of Trimont typically finance?
Farmers State Bank of Trimont specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers State Bank of Trimont's typical SBA loan terms?
Farmers State Bank of Trimont's SBA 7(a) loans typically feature an average interest rate of — and average term length of 155 months (approximately 13 years). Loan sizes range from $30K to $485K, with an average loan size of $174K.
Do I need a business valuation for a Farmers State Bank of Trimont SBA loan?
Yes, Farmers State Bank of Trimont 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 Trimont compare to other SBA lenders?
Farmers State Bank of Trimont has originated 4 SBA loans totaling $695K 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 State Bank of Trimont lend in?
Farmers State Bank of Trimont 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?
Certified valuations are often required for SBA loans over $250,000.
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