States Served
Top Industries Financed
- Limited-Service Restaurants
- Electrical Contractors
- All Other Professional, Scientific, and Technical Services
- Landscaping Services
- Insurance Agencies and Brokerages
Quick Summary
Farmers and Merchants Savings Bank is an SBA-approved lender headquartered in MANCHESTER, Iowa. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 85 SBA 7(a) loans totaling $47.4M, with an average loan size of $557K. They serve businesses across 5 states.
About Farmers and Merchants Savings Bank
Farmers and Merchants Savings Bank is an SBA-approved lender headquartered in MANCHESTER, Iowa. Since 2020, they have approved 85 SBA 7(a) loans totaling $47.4M, with an average loan size of $557K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 5 states.
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Frequently Asked Questions
Is Farmers and Merchants Savings Bank an SBA Preferred Lender?
Yes, Farmers and Merchants Savings Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Farmers and Merchants Savings Bank approved?
According to SBA FOIA public records, Farmers and Merchants Savings Bank has approved 85 SBA 7(a) loans totaling $47.4M since 2020. Their average loan size is $557K.
What states does Farmers and Merchants Savings Bank serve?
Farmers and Merchants Savings Bank serves businesses in 5 states: Iowa, Minnesota, Texas, Washington, Wisconsin.
How do I apply for an SBA loan with Farmers and Merchants Savings Bank?
To apply for an SBA 7(a) loan with Farmers and Merchants Savings Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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