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Mechanics and Farmers Bank

Durham, NC 27707

⭐ SBA Preferred Lender
95
Loans Approved
$59.2M
Total Volume
$623K
Avg Loan Size
24
States Served

States Served

ArizonaCaliforniaColoradoFloridaGeorgiaIowaIllinoisIndianaKentuckyMichiganMissouriMississippiNorth CarolinaNew MexicoNevadaNew YorkOhioOklahomaPennsylvaniaSouth CarolinaTennesseeTexasVirginiaWashington

Top Industries Financed

  • Insurance Agencies and Brokerages
  • Snack and Nonalcoholic Beverage Bars
  • General Automotive Repair
  • Pet Care (except Veterinary) Services
  • Limited-Service Restaurants

About Mechanics and Farmers Bank

Mechanics and Farmers Bank is an SBA-approved lender headquartered in Durham, North Carolina. Since 2020, they have approved 95 SBA 7(a) loans totaling $59.2M, with an average loan size of $623K. 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 24 states.

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