The Farmers Bank, Frankfort, Indiana
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by The Farmers Bank, Frankfort, Indiana
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 339950 | Sign Manufacturing | 80 | $35.1M | $439K | 14.3% |
| 561720 | Janitorial Services | 64 | $45.1M | $704K | 11.4% |
| 561730 | Landscaping Services | 48 | $54.0M | $1.1M | 8.6% |
| 447110 | Gasoline Stations with Convenience Stores | 40 | $16.3M | $408K | 7.1% |
| 722511 | Full-Service Restaurants | 40 | $34.6M | $865K | 7.1% |
| 442210 | Floor Covering Stores | 16 | $2.0M | $125K | 2.9% |
| 311821 | Cookie and Cracker Manufacturing | 16 | $2.3M | $145K | 2.9% |
| 323111 | Commercial Gravure Printing | 16 | $13.7M | $855K | 2.9% |
| 812112 | Beauty Salons | 16 | $1.7M | $109K | 2.9% |
| 323113 | Commercial Screen Printing | 16 | $4.2M | $265K | 2.9% |
Geographic Distribution
SBA lending activity for The Farmers Bank, Frankfort, Indiana by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 512 | $256.2M | 91.4% |
| Florida (FL) | 40 | $18.8M | 7.1% |
| Arizona (AZ) | 8 | $5.1M | 1.4% |
Why Choose The Farmers Bank, Frankfort, Indiana?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 560 SBA loans approved, totaling $280.2M in financing
- ✓Industry Expertise: Specialized focus on Sign Manufacturing, Janitorial Services, Landscaping Services
- ✓Competitive Terms: Average interest rate of 6.54% with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $21K to $4.0M, with an average of $500K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IN, FL, AZ
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, Frankfort, Indiana SBA lending
What types of businesses does The Farmers Bank, Frankfort, Indiana typically finance?
The Farmers Bank, Frankfort, Indiana specializes in SBA 7(a) lending to specific industries including sign manufacturing, janitorial services, landscaping services, gasoline stations with convenience stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Farmers Bank, Frankfort, Indiana's typical SBA loan terms?
The Farmers Bank, Frankfort, Indiana's SBA 7(a) loans typically feature an average interest rate of 6.54% and average term length of 122 months (approximately 10 years). Loan sizes range from $21K to $4.0M, with an average loan size of $500K.
Do I need a business valuation for a The Farmers Bank, Frankfort, Indiana SBA loan?
Yes, The Farmers Bank, Frankfort, Indiana 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, Frankfort, Indiana compare to other SBA lenders?
The Farmers Bank, Frankfort, Indiana has originated 560 SBA loans totaling $280.2M 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 The Farmers Bank, Frankfort, Indiana lend in?
The Farmers Bank, Frankfort, Indiana provides SBA 7(a) financing with particularly strong presence in IN, FL, AZ. 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?
Professional valuations are often required for SBA loans over $250,000.
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