Farmers and Merchants Savings Bank
Headquartered in MANCHESTER, IA. Analysis based on 85 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $47.4M.
Total 7(a) loans
85
Total approved
$47.4M
Average loan
$557K
States funded in
5
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
54.17%
Average rate
7.41%
Average term
86 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 7 |
| 238210 | Electrical Contractors | 5 |
| 561730 | Landscaping Services | 3 |
| 541990 | All Other Professional, Scientific, and Technical Services | 3 |
| 423450 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal | 2 |
| 236118 | Residential Remodelers | 2 |
| 311991 | Perishable Prepared Food Manufacturing | 2 |
| 311119 | Other Animal Food Manufacturing | 2 |
| 541810 | Advertising Agencies | 2 |
| 722511 | Full-Service Restaurants | 2 |
Top 10 states
| State | Loans |
|---|---|
| IA | 59 |
| MN | 22 |
| WI | 2 |
| TX | 1 |
| WA | 1 |
Top franchise brands financed
2 franchise loans across 2 distinct brands.
| Franchise | Loans |
|---|---|
| Great Clips | 1 |
| Budget Blinds | 1 |
Get matched with SBA lenders — free
Tell us a bit about your funding need and we'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
We never sell your data. You'll be connected only to lenders matching your criteria.
Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.