GOOD
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.
GOOD
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
124
2017–2026
Total Volume
$69M
Gross loan amounts
States Active
28
With recorded loans
Programs
7(a) & 504
124 total segments
Mechanics and Farmers Bank has a strong focus on acquisitions, with 52% of their deals aimed at buying existing businesses. This makes them a solid choice for buyers looking to expand.
With an average 7(a) spread of P+2.58%, Mechanics and Farmers Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money over the life of the loan.
The bank has experienced a significant growth trend, with a 56% increase in deals year-over-year. This suggests they are actively expanding their lending capacity, which may improve your chances of approval.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 6 504 loans, which use fixed SBA debenture rates.
Top 15 of 28 states where Mechanics and Farmers Bank has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Finance & Insurance
Finance & Insurance
Restaurants & Food Service
Accommodation & Food Services
Administrative & Waste Services
Administrative & Waste Services
Transportation & Warehousing
Transportation & Warehousing
Other Health Practitioners
Health Care & Social Assistance
Manufacturing
Manufacturing
Laundry & Dry Cleaning
Other Services
Other Repair & Services
Other Services
+ 7 more
All recorded SBA lending activity for Mechanics and Farmers Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| North Carolina · Restaurants & Food Service · $150K – $350K | 7(a) | 6 | P+2.75% | $261K | Q4 2025 |
| North Carolina · Transportation & Warehousing · $150K – $350K | 7(a) | 3 | P+2.75% | $211K | Q2 2025 |
| Indiana · Finance & Insurance · $150K – $350K | 7(a) | 3 | P+2.75% | $257K | Q1 2020 |
| Ohio · Finance & Insurance · $150K – $350K | 7(a) | 2 | P+2.75% | $253K | Q1 2020 |
| Florida · Administrative & Waste Services · $150K – $350K | 7(a) | 2 | P+2.88% | $272K | Q1 2025 |
| North Carolina · Manufacturing · $350K – $500K | 7(a) | 2 | P+2.50% | $435K | Q4 2023 |
| Florida · Restaurants & Food Service · $150K – $350K | 7(a) | 2 | P+3.25% | $210K | Q3 2025 |
| Oregon · Finance & Insurance · $150K – $350K | 7(a) | 2 | P+0.00% | $160K | Q3 2019 |
| North Carolina · Administrative & Waste Services · $150K – $350K | 7(a) | 2 | P+2.88% | $183K | Q1 2025 |
| North Carolina · Other Health Practitioners · $150K – $350K | 7(a) | 2 | P+2.88% | $304K | Q3 2025 |
| North Carolina · Laundry & Dry Cleaning · $150K – $350K | 7(a) | 2 | P+2.88% | $289K | Q1 2025 |
| Georgia · Finance & Insurance · $1M – $2M | 7(a) | 2 | P+2.00% | $1.0M | Q1 2022 |
| Nevada · Finance & Insurance · Under $150K | 7(a) | 2 | P+2.75% | $128K | Q2 2018 |
| North Carolina · Other Repair & Services · $150K – $350K | 7(a) | 2 | P+2.88% | $223K | Q3 2025 |
| Texas · Finance & Insurance · $150K – $350K | 7(a) | 2 | P+2.75% | $227K | Q2 2020 |
| Nevada · Finance & Insurance · $1M – $2M | 7(a) | 2 | P+2.00% | $1.5M | Q3 2021 |
| North Carolina · Restaurants & Food Service · $350K – $500K | 7(a) | 2 | P+2.88% | $479K | Q3 2025 |
| Illinois · Social Assistance · $350K – $500K | 7(a) | 1 | P+3.00% | $375K | Q3 2025 |
| Indiana · Finance & Insurance · Under $150K | 7(a) | 1 | P+2.75% | $100K | Q2 2018 |
| Indiana · Finance & Insurance · $350K – $500K | 7(a) | 1 | P+2.00% | $480K | Q1 2020 |
| Kentucky · Manufacturing · $500K – $1M | 7(a) | 1 | P+3.00% | $800K | Q4 2025 |
| Kentucky · Finance & Insurance · $150K – $350K | 7(a) | 1 | P+2.75% | $282K | Q4 2019 |
| Kentucky · Administrative & Waste Services · $500K – $1M | 7(a) | 1 | P+3.25% | $734K | Q3 2025 |
| Louisiana · Finance & Insurance · Under $150K | 7(a) | 1 | P+2.75% | $110K | Q1 2018 |
| Maryland · Finance & Insurance · Under $150K | 7(a) | 1 | P+2.75% | $130K | Q1 2018 |
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