Farmers and Merchants State Bank approved 12 SBA loans worth $5.1M between October 2021 and June 2026, ranking #1107 of 2,283 SBA lenders nationally by loan count. Its median loan was $261,000, and 50% went to startups or businesses under two years old. It lent in 3 states, most often in Ohio, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Ohio | 6 | $2.7M | $261,000 | #109 |
| Michigan | 5 | $2.3M | $320,000 | #125 |
| Indiana | 1 | $100K | $100,000 | #213 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 3 | $320,000 | |
| Health care and social assistance | 2 | $625,000 | |
| Agriculture, forestry and fishing | 1 | $206,800 | |
| Manufacturing | 1 | $229,000 | |
| Arts, entertainment and recreation | 1 | $240,000 | |
| Other services (repair, personal care) | 1 | $84,600 | |
| Professional and technical services | 1 | $1,083,700 | |
| Real estate and rental | 1 | $282,000 | |
| Retail | 1 | $712,500 |