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Farmers State Bank of Western Illinois

ALPHA, IL 61413

2
Loans Approved
$662K
Total Volume
$331K
Avg Loan Size
1
States Served

States Served

Illinois

Top Industries Financed

  • Full-Service Restaurants
  • Meat and Meat Product Merchant Wholesalers

Quick Summary

Farmers State Bank of Western Illinois is an SBA-approved lender headquartered in ALPHA, Illinois. Since 2020, they have approved 2 SBA 7(a) loans totaling $662K, with an average loan size of $331K. They primarily serve Illinois businesses.

About Farmers State Bank of Western Illinois

Farmers State Bank of Western Illinois is an SBA-approved lender headquartered in ALPHA, Illinois. Since 2020, they have approved 2 SBA 7(a) loans totaling $662K, with an average loan size of $331K. They primarily serve businesses in Illinois.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Farmers State Bank of Western Illinois an SBA Preferred Lender?

Farmers State Bank of Western Illinois is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Farmers State Bank of Western Illinois approved?

According to SBA FOIA public records, Farmers State Bank of Western Illinois has approved 2 SBA 7(a) loans totaling $662K since 2020. Their average loan size is $331K.

What states does Farmers State Bank of Western Illinois serve?

Farmers State Bank of Western Illinois primarily serves businesses in Illinois.

How do I apply for an SBA loan with Farmers State Bank of Western Illinois?

To apply for an SBA 7(a) loan with Farmers State Bank of Western Illinois, 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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