Mechanics and Farmers Bank approved 75 SBA loans worth $41.6M between October 2021 and June 2026, ranking #432 of 2,283 SBA lenders nationally by loan count. Its median loan was $339,300, and 23% went to startups or businesses under two years old. It lent in 18 states, most often in North Carolina, and its most financed industry was finance and insurance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| North Carolina | 29 | $14.1M | $318,000 | #46 |
| Florida | 10 | $2.7M | $256,050 | #144 |
| Georgia | 6 | $7.7M | $764,250 | #142 |
| South Carolina | 6 | $2.0M | $321,600 | #65 |
| Virginia | 5 | $2.0M | $338,900 | #103 |
| Kentucky | 3 | $1.8M | $734,400 | #81 |
| Texas | 2 | $625K | $312,500 | #352 |
| California | 2 | $1.1M | $563,150 | #258 |
| Michigan | 2 | $4.6M | $2,309,000 | #171 |
| Illinois | 2 | $671K | $335,650 | #192 |
| Arizona | 1 | $761K | $761,000 | #173 |
| Iowa | 1 | $596K | $596,000 | #161 |
| Missouri | 1 | $300K | $300,000 | #267 |
| New Mexico | 1 | $968K | $967,500 | #96 |
| Pennsylvania | 1 | $236K | $236,300 | #189 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Finance and insurance | 10 | $864,250 | |
| Restaurants and hotels | 10 | $339,100 | |
| Other services (repair, personal care) | 10 | $385,500 | |
| Administrative and support services | 8 | $187,000 | |
| Health care and social assistance | 7 | $375,000 | |
| Professional and technical services | 5 | $475,000 | |
| Transportation and warehousing | 5 | $242,000 | |
| Manufacturing | 5 | $406,000 | |
| Arts, entertainment and recreation | 4 | $223,500 | |
| Education | 3 | $228,200 |