STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
190
2010–2026
Total Volume
$103M
Gross loan amounts
States Active
7
With recorded loans
Programs
7(a) & 504
190 total segments
Farmers and Merchants Savings Bank has a strong focus on existing businesses, with 52% of their deals serving this purpose. This could be beneficial if you're looking to expand or refinance an established operation.
With an average 7(a) spread of P+1.58%, Farmers and Merchants Savings Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
The bank's 12% share of 504 loans indicates a balanced approach to financing, but it is slightly below the national average of 18%. If you're considering a real estate purchase, be prepared for a more limited selection of 504 options.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 23 504 loans, which use fixed SBA debenture rates.
States where Farmers and Merchants Savings Bank has recorded SBA lending activity.
+ 2 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Wholesale Trade
Wholesale Trade
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Administrative & Waste Services
Administrative & Waste Services
Management & IT Consulting
Professional Services
Other Health Practitioners
Health Care & Social Assistance
Miscellaneous Retail
Retail Trade
+ 7 more
All recorded SBA lending activity for Farmers and Merchants Savings Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Iowa · Restaurants & Food Service · Under $150K | 7(a) | 12 | P+2.13% | $109K | Q3 2023 |
| Iowa · Restaurants & Food Service · $150K – $350K | 7(a) | 12 | P+2.25% | $250K | Q1 2023 |
| Iowa · Other Health Practitioners · Under $150K | 7(a) | 8 | P+1.38% | $76K | Q4 2021 |
| Iowa · Administrative & Waste Services · $150K – $350K | 7(a) | 5 | P+1.50% | $242K | Q4 2025 |
| Iowa · Personal Care (Salons, Spas) · Under $150K | 7(a) | 4 | P+1.38% | $91K | Q4 2022 |
| Iowa · Other Repair & Services · Under $150K | 7(a) | 4 | P+1.50% | $90K | Q2 2023 |
| Iowa · Specialty Trade Contractors · $500K – $1M | 7(a) | 4 | P+0.75% | $836K | Q1 2020 |
| Minnesota · Miscellaneous Retail · Under $150K | 7(a) | 4 | P+1.13% | $97K | Q4 2024 |
| Iowa · Specialty Trade Contractors · Under $150K | 7(a) | 3 | P+2.00% | $75K | Q4 2014 |
| Iowa · Restaurants & Food Service · $500K – $1M | 7(a) | 3 | P+2.25% | $583K | Q2 2020 |
| Iowa · Administrative & Waste Services · Under $150K | 7(a) | 3 | P+2.00% | $107K | Q2 2025 |
| Iowa · Administrative & Waste Services · $1M – $2M | 7(a) | 3 | P+2.75% | $1.9M | Q2 2024 |
| Iowa · Management & IT Consulting · $150K – $350K | 7(a) | 3 | P+2.75% | $250K | Q3 2012 |
| Iowa · Wholesale Trade · $150K – $350K | 7(a) | 3 | P+1.50% | $257K | Q1 2024 |
| Iowa · Specialty Trade Contractors · $1M – $2M | 7(a) | 3 | P+1.00% | $1.3M | Q4 2019 |
| Iowa · Wholesale Trade · $500K – $1M | 7(a) | 3 | P+2.00% | $824K | Q1 2021 |
| Iowa · Retail Trade · Under $150K | 7(a) | 2 | P+2.75% | $129K | Q3 2013 |
| Iowa · Management & IT Consulting · $2M – $5M | 7(a) | 2 | P+2.50% | $2.5M | Q3 2020 |
| Iowa · Engineering & Architecture · $350K – $500K | 7(a) | 2 | P+2.00% | $446K | Q3 2017 |
| Iowa · Building Construction · $150K – $350K | 7(a) | 2 | P+1.88% | $242K | Q1 2025 |
| Illinois · Wholesale Trade · Under $150K | 7(a) | 2 | P+2.00% | $49K | Q3 2018 |
| Iowa · Manufacturing · Under $150K | 7(a) | 2 | P+2.75% | $146K | Q4 2016 |
| Iowa · Engineering & Architecture · Under $150K | 7(a) | 2 | P+1.63% | $83K | Q3 2019 |
| Minnesota · Miscellaneous Retail · $1M – $2M | 7(a) | 2 | P+1.00% | $1.6M | Q1 2024 |
| Iowa · Manufacturing · $150K – $350K | 7(a) | 2 | P+2.00% | $228K | Q2 2015 |
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