Farmers State Bank approved 18 SBA loans worth $4.0M between October 2021 and June 2026, ranking #942 of 2,283 SBA lenders nationally by loan count. Its median loan was $180,000, and 50% went to startups or businesses under two years old. It lent in 2 states, most often in Iowa, and its most financed industry was restaurants and hotels.
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 4 | $149,500 | |
| Other services (repair, personal care) | 3 | $150,000 | |
| Health care and social assistance | 2 | $313,550 | |
| Construction | 2 | $122,100 | |
| Arts, entertainment and recreation | 2 | $430,100 | |
| Administrative and support services | 1 | $220,000 | |
| Agriculture, forestry and fishing | 1 | $210,000 | |
| Education | 1 | $350,000 | |
| Retail | 1 | $128,000 | |
| Wholesale trade | 1 | $100,000 |