Farmers and Merchants Savings Bank
IA
SBA-approved lender offering 5 loan programs across 10 industries.
Key Metrics
Interest Rate
8.04%
1.29% over prime
Average Loan
$236K
Per approval
Total Approvals
15
FY 2025
Loan Programs (5)
7a General
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
Industries Served (10)
Advertising AgenciesCarpet and Upholstery Cleaning ServicesCaterersDiagnostic Imaging CentersNonresidential Property ManagersOther Construction Material Merchant WholesalersOther Personal and Household Goods Repair and MaintenancePerishable Prepared Food ManufacturingResidential RemodelersUsed Household and Office Goods Moving
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.29%
- Effective Rate
- 8.04%
- Fiscal Year
- 2025
- States Served
- IA
- Website
- www.fmbankia.com
Ready to apply with Farmers and Merchants Savings Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.