Farmers State Bank approved 80 SBA loans worth $23.5M between October 2021 and June 2026, ranking #418 of 2,283 SBA lenders nationally by loan count. Its median loan was $132,250, and 52% went to startups or businesses under two years old. It lent in 3 states, most often in Iowa, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Iowa | 78 | $23.0M | $127,000 | #4 |
| Michigan | 1 | $300K | $300,000 | #217 |
| Oklahoma | 1 | $150K | $150,000 | #162 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 19 | $200,000 | |
| Other services (repair, personal care) | 11 | $75,000 | |
| Retail | 8 | $225,000 | |
| Health care and social assistance | 7 | $80,000 | |
| Manufacturing | 6 | $120,000 | |
| Construction | 6 | $114,500 | |
| Professional and technical services | 6 | $130,000 | |
| Finance and insurance | 4 | $78,400 | |
| Arts, entertainment and recreation | 3 | $275,000 | |
| Administrative and support services | 2 | $470,000 |