Mechanics and Farmers Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Mechanics and Farmers Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 248 | $220.2M | $888K | 32.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 48 | $16.0M | $334K | 6.3% |
| 811111 | General Automotive Repair | 24 | $19.3M | $805K | 3.2% |
| 812910 | Pet Care (except Veterinary) Services | 24 | $7.8M | $323K | 3.2% |
| 722513 | Limited-Service Restaurants | 24 | $9.8M | $407K | 3.2% |
| 561790 | Other Services to Buildings and Dwellings | 24 | $4.9M | $203K | 3.2% |
| 812310 | Coin-Operated Laundries and Drycleaners | 16 | $17.0M | $1.1M | 2.1% |
| 238990 | All Other Specialty Trade Contractors | 16 | $2.9M | $179K | 2.1% |
| 339950 | Sign Manufacturing | 16 | $8.6M | $538K | 2.1% |
| 611610 | Fine Arts Schools | 16 | $2.9M | $182K | 2.1% |
Geographic Distribution
SBA lending activity for Mechanics and Farmers Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 280 | $132.1M | 36.8% |
| Georgia (GA) | 64 | $77.5M | 8.4% |
| Michigan (MI) | 16 | $36.9M | 2.1% |
| Texas (TX) | 32 | $27.8M | 4.2% |
| Virginia (VA) | 48 | $22.4M | 6.3% |
| Washington (WA) | 8 | $21.5M | 1.1% |
| Florida (FL) | 64 | $19.2M | 8.4% |
| Nevada (NV) | 16 | $15.8M | 2.1% |
| Kentucky (KY) | 24 | $14.5M | 3.2% |
| South Carolina (SC) | 40 | $14.3M | 5.3% |
| Oklahoma (OK) | 16 | $13.8M | 2.1% |
| California (CA) | 24 | $12.6M | 3.2% |
| New York (NY) | 8 | $9.9M | 1.1% |
| Indiana (IN) | 24 | $8.5M | 3.2% |
| New Mexico (NM) | 8 | $7.7M | 1.1% |
| Tennessee (TN) | 8 | $6.7M | 1.1% |
| Arizona (AZ) | 8 | $6.1M | 1.1% |
| Ohio (OH) | 16 | $5.9M | 2.1% |
| Illinois (IL) | 16 | $5.4M | 2.1% |
| Iowa (IA) | 8 | $4.8M | 1.1% |
| Colorado (CO) | 8 | $3.6M | 1.1% |
| Missouri (MO) | 8 | $2.4M | 1.1% |
| Mississippi (MS) | 8 | $2.2M | 1.1% |
| Pennsylvania (PA) | 8 | $1.9M | 1.1% |
Why Choose Mechanics and Farmers Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 760 SBA loans approved, totaling $473.5M in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages, Snack and Nonalcoholic Beverage Bars, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 8.82% with flexible term lengths averaging 134 months
- ✓Loan Range: Loan sizes from $120K to $4.0M, with an average of $623K
- ✓Nationwide Reach: Active lending in 24 states, with strong presence in NC, GA, FL
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 Mechanics and Farmers Bank SBA lending
What types of businesses does Mechanics and Farmers Bank typically finance?
Mechanics and Farmers Bank specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages, snack and nonalcoholic beverage bars, general automotive repair, pet care (except veterinary) services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mechanics and Farmers Bank's typical SBA loan terms?
Mechanics and Farmers Bank's SBA 7(a) loans typically feature an average interest rate of 8.82% and average term length of 134 months (approximately 11 years). Loan sizes range from $120K to $4.0M, with an average loan size of $623K.
Do I need a business valuation for a Mechanics and Farmers Bank SBA loan?
Yes, Mechanics and Farmers 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 Mechanics and Farmers Bank compare to other SBA lenders?
Mechanics and Farmers Bank has originated 760 SBA loans totaling $473.5M 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 Mechanics and Farmers Bank lend in?
Mechanics and Farmers Bank provides SBA 7(a) financing with particularly strong presence in NC, GA, FL, VA, SC. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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