F&M Bank Minnesota
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by F&M Bank Minnesota · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 1 | $150K | $150K | 16.7% |
| 524210 | Insurance Agencies and Brokerages | 1 | $320K | $320K | 16.7% |
| 621310 | Offices of Chiropractors | 1 | $450K | $450K | 16.7% |
Geographic Distribution
SBA lending activity for F&M Bank Minnesota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 6 | $1.4M | 100.0% |
Why Choose F&M Bank Minnesota?
Based on SBA 7(a) lending track record from 1998-2003
- ✓Proven Track Record: 6 SBA loans approved, totaling $1.4M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Insurance Agencies and Brokerages, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $37K to $450K, with an average of $241K
- ✓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 F&M Bank Minnesota SBA lending
What types of businesses does F&M Bank Minnesota typically finance?
F&M Bank Minnesota specializes in SBA 7(a) lending to specific industries including child care services, insurance agencies and brokerages, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are F&M Bank Minnesota's typical SBA loan terms?
F&M Bank Minnesota's SBA 7(a) loans typically feature an average interest rate of — and average term length of 141 months (approximately 12 years). Loan sizes range from $37K to $450K, with an average loan size of $241K.
Do I need a business valuation for a F&M Bank Minnesota SBA loan?
Yes, F&M Bank Minnesota 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 F&M Bank Minnesota compare to other SBA lenders?
F&M Bank Minnesota has originated 6 SBA loans totaling $1.4M since 1998. 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 F&M Bank Minnesota lend in?
F&M Bank Minnesota 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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