The Farmers State Bank of Oakley, Kansas
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Farmers State Bank of Oakley, Kansas · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621320 | Offices of Optometrists | 3 | $452K | $151K | 13.6% |
| 713950 | Bowling Centers | 2 | $100K | $50K | 9.1% |
| 621310 | Offices of Chiropractors | 2 | $62K | $31K | 9.1% |
| 811192 | Car Washes | 1 | $270K | $270K | 4.5% |
| 339116 | Dental Laboratories | 1 | $73K | $73K | 4.5% |
| 541512 | Computer Systems Design Services | 1 | $25K | $25K | 4.5% |
| 423130 | Tire and Tube Merchant Wholesalers | 1 | $224K | $224K | 4.5% |
| 237990 | Other Heavy and Civil Engineering Construction | 1 | $277K | $277K | 4.5% |
Geographic Distribution
SBA lending activity for The Farmers State Bank of Oakley, Kansas by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 22 | $2.9M | 100.0% |
Why Choose The Farmers State Bank of Oakley, Kansas?
Based on SBA 7(a) lending track record from 1993-2013
- ✓Proven Track Record: 22 SBA loans approved, totaling $2.9M in financing
- ✓Industry Expertise: Specialized focus on Offices of Optometrists, Bowling Centers, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 6.10% with flexible term lengths averaging 127 months
- ✓Loan Range: Loan sizes from $10K to $348K, with an average of $134K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KS
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 State Bank of Oakley, Kansas SBA lending
What types of businesses does The Farmers State Bank of Oakley, Kansas typically finance?
The Farmers State Bank of Oakley, Kansas specializes in SBA 7(a) lending to specific industries including offices of optometrists, bowling centers, offices of chiropractors, car washes. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Farmers State Bank of Oakley, Kansas's typical SBA loan terms?
The Farmers State Bank of Oakley, Kansas's SBA 7(a) loans typically feature an average interest rate of 6.10% and average term length of 127 months (approximately 11 years). Loan sizes range from $10K to $348K, with an average loan size of $134K.
Do I need a business valuation for a The Farmers State Bank of Oakley, Kansas SBA loan?
Yes, The Farmers State Bank of Oakley, Kansas 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 State Bank of Oakley, Kansas compare to other SBA lenders?
The Farmers State Bank of Oakley, Kansas has originated 22 SBA loans totaling $2.9M since 1993. 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 State Bank of Oakley, Kansas lend in?
The Farmers State Bank of Oakley, Kansas provides SBA 7(a) financing with particularly strong presence in KS. 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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Certified valuations are often required for SBA loans over $250,000.
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