The Farmers Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Farmers Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561431 | Private Mail Centers | 1 | $95K | $95K | 3.8% |
| 624410 | Child Care Services | 1 | $100K | $100K | 3.8% |
| 311611 | Animal (except Poultry) Slaughtering | 1 | $111K | $111K | 3.8% |
| 424510 | Grain and Field Bean Merchant Wholesalers | 1 | $1.3M | $1.3M | 3.8% |
| 333514 | Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | 1 | $605K | $605K | 3.8% |
| 811111 | General Automotive Repair | 1 | $195K | $195K | 3.8% |
| 611110 | Elementary and Secondary Schools | 1 | $120K | $120K | 3.8% |
Geographic Distribution
SBA lending activity for The Farmers Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 20 | $4.0M | 76.9% |
| Kentucky (KY) | 4 | $1.8M | 15.4% |
| Nebraska (NE) | 2 | $83K | 7.7% |
Why Choose The Farmers Bank?
Based on SBA 7(a) lending track record from 1991-2011
- ✓Proven Track Record: 26 SBA loans approved, totaling $5.9M in financing
- ✓Industry Expertise: Specialized focus on Private Mail Centers, Child Care Services, Animal (except Poultry) Slaughtering
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $8K to $1.3M, with an average of $227K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in TN, KY, NE
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 Bank SBA lending
What types of businesses does The Farmers Bank typically finance?
The Farmers Bank specializes in SBA 7(a) lending to specific industries including private mail centers, child care services, animal (except poultry) slaughtering, grain and field bean merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Farmers Bank's typical SBA loan terms?
The Farmers Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 129 months (approximately 11 years). Loan sizes range from $8K to $1.3M, with an average loan size of $227K.
Do I need a business valuation for a The Farmers Bank SBA loan?
Yes, The 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 The Farmers Bank compare to other SBA lenders?
The Farmers Bank has originated 26 SBA loans totaling $5.9M 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 The Farmers Bank lend in?
The Farmers Bank provides SBA 7(a) financing with particularly strong presence in TN, KY, NE. 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?
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