Farmers and Merchants Savings Bank approved 55 SBA loans worth $21.8M between October 2021 and June 2026, ranking #532 of 2,283 SBA lenders nationally by loan count. Its median loan was $198,500, and 40% went to startups or businesses under two years old. It lent in 5 states, most often in Iowa, and its most financed industry was retail.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Iowa | 30 | $10.4M | $199,250 | #19 |
| Minnesota | 21 | $11.1M | $250,000 | #62 |
| Wisconsin | 2 | $100K | $50,000 | #170 |
| Texas | 1 | $50K | $50,000 | #465 |
| Washington | 1 | $108K | $108,000 | #195 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 10 | $194,750 | |
| Professional and technical services | 7 | $50,000 | |
| Other services (repair, personal care) | 7 | $100,000 | |
| Administrative and support services | 6 | $332,500 | |
| Wholesale trade | 6 | $270,000 | |
| Restaurants and hotels | 6 | $169,000 | |
| Manufacturing | 5 | $250,000 | |
| Health care and social assistance | 3 | $108,000 | |
| Finance and insurance | 2 | $388,550 | |
| Arts, entertainment and recreation | 1 | $25,000 |