The Farmers National Bank of Cynthiana
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Farmers National Bank of Cynthiana · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for The Farmers National Bank of Cynthiana by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 2 | $480K | 100.0% |
Why Choose The Farmers National Bank of Cynthiana?
Based on SBA 7(a) lending track record from 1995-1996
- ✓Proven Track Record: 2 SBA loans approved, totaling $480K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 144 months
- ✓Loan Range: Loan sizes from $50K to $430K, with an average of $240K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KY
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 National Bank of Cynthiana SBA lending
What types of businesses does The Farmers National Bank of Cynthiana typically finance?
The Farmers National Bank of Cynthiana specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Farmers National Bank of Cynthiana's typical SBA loan terms?
The Farmers National Bank of Cynthiana's SBA 7(a) loans typically feature an average interest rate of — and average term length of 144 months (approximately 12 years). Loan sizes range from $50K to $430K, with an average loan size of $240K.
Do I need a business valuation for a The Farmers National Bank of Cynthiana SBA loan?
Yes, The Farmers National Bank of Cynthiana 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 National Bank of Cynthiana compare to other SBA lenders?
The Farmers National Bank of Cynthiana has originated 2 SBA loans totaling $480K since 1995. 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 National Bank of Cynthiana lend in?
The Farmers National Bank of Cynthiana provides SBA 7(a) financing with particularly strong presence in KY. 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.
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Certified valuations are often required for SBA loans over $250,000.
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