The Farmers and Merchants National Bank of Nashville
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Farmers and Merchants National Bank of Nashville · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812199 | Other Personal Care Services | 1 | $78K | $78K | 33.3% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $205K | $205K | 33.3% |
| 811111 | General Automotive Repair | 1 | $170K | $170K | 33.3% |
Geographic Distribution
SBA lending activity for The Farmers and Merchants National Bank of Nashville by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 3 | $452K | 100.0% |
Why Choose The Farmers and Merchants National Bank of Nashville?
Based on SBA 7(a) lending track record from 1996-2010
- ✓Proven Track Record: 3 SBA loans approved, totaling $452K in financing
- ✓Industry Expertise: Specialized focus on Other Personal Care Services, Supermarkets and Other Grocery Retailers (except Convenience Retailers), General Automotive Repair
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 220 months
- ✓Loan Range: Loan sizes from $78K to $205K, with an average of $151K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 The Farmers and Merchants National Bank of Nashville SBA lending
What types of businesses does The Farmers and Merchants National Bank of Nashville typically finance?
The Farmers and Merchants National Bank of Nashville specializes in SBA 7(a) lending to specific industries including other personal care services, supermarkets and other grocery retailers (except convenience retailers), general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Farmers and Merchants National Bank of Nashville's typical SBA loan terms?
The Farmers and Merchants National Bank of Nashville's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 220 months (approximately 18 years). Loan sizes range from $78K to $205K, with an average loan size of $151K.
Do I need a business valuation for a The Farmers and Merchants National Bank of Nashville SBA loan?
Yes, The Farmers and Merchants National Bank of Nashville 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 The Farmers and Merchants National Bank of Nashville compare to other SBA lenders?
The Farmers and Merchants National Bank of Nashville has originated 3 SBA loans totaling $452K since 1996. 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 The Farmers and Merchants National Bank of Nashville lend in?
The Farmers and Merchants National Bank of Nashville provides SBA 7(a) financing with particularly strong presence in IL. 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.
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