First Farmers and Merchants Bank approved 29 SBA loans worth $8.6M between October 2021 and June 2026, ranking #730 of 2,283 SBA lenders nationally by loan count. Its median loan was $243,500, and 79% went to startups or businesses under two years old. It lent in 1 states, most often in Tennessee, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Tennessee | 29 | $8.6M | $243,500 | #22 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 6 | $154,800 | |
| Restaurants and hotels | 5 | $345,000 | |
| Administrative and support services | 3 | $150,000 | |
| Wholesale trade | 3 | $170,000 | |
| Construction | 3 | $250,000 | |
| Arts, entertainment and recreation | 2 | $192,000 | |
| Manufacturing | 2 | $45,650 | |
| Transportation and warehousing | 2 | $717,500 | |
| Information and media | 1 | $155,000 | |
| Other services (repair, personal care) | 1 | $243,500 |