Mechanics and Farmers Bank
- Loans
- 23
- Approved
- $9M
- Median deal
- $296,300
- Median rate
- 10.50%
#95 of 249 by loans, FY2025 to FY2026 Q3
gross approvals
national $709,300
national 9.25% at approval
Loans per fiscal year
FY2026 is partial: 4 loans approved through June 30, 2026.
| Fiscal year | Loans |
|---|---|
| FY2020 | 13 |
| FY2021 | 8 |
| FY2022 | 4 |
| FY2023 | 5 |
| FY2024 | 4 |
| FY2025 | 19 |
| FY2026 (partial year, through June 30, 2026) | 4 |
How they lend
Across 23 change-of-ownership loans, FY2025 to FY2026 Q3.
Acquisition share of their 7(a) lending
Acquisitions 57 (54.3%)Other purposes 48 (45.7%)
Their full 7(a) book since FY2020 is 105 loans. Every other figure on this page counts the 57 acquisition loans only.
Initial rate structure
Variable 100.00%Fixed 0.00%
- Middle half of rates
- 10.50% to 10.50%
- Typical margin over Prime
- Prime + 3.00% at approval (23 variable loans)
- Median term
- 120 months
- Collateral reported
- 100.00% of loans
- Sold on the secondary market
- 65.22% of loans
- Franchise loans
- 30.43% of loans
- Approval to first disbursement
- 27 days (n = 19)
Processing method
| Preferred Lenders Program | 100.00% |
SBA processing-method labels as they appear in the loan file, as shares of this lender’s window loans.
What they fund
Industries and deal sizes across 23 change-of-ownership loans, FY2025 to FY2026 Q3.
Top industries
| Accommodation and Food Services | 21.74% | |
| Administrative and Support and Waste Management and Remediation Services | 17.39% | |
| Other Services (except Public Administration) | 13.04% | |
| Educational Services | 8.70% | |
| Professional, Scientific, and Technical Services | 8.70% |
Deal size mix
Under $350K 60.87%$350K to $1M 34.78%$1M to $3.5M 4.35%$3.5M+ 0.00%
Sectors from each loan’s NAICS code; deal sizes from gross approval amounts. Window loans only.
Where they lend
Top states by this lender’s change-of-ownership loans, FY2025 to FY2026 Q3.
- Florida6 loans
- North Carolina5 loans
- Virginia3 loans
- Georgia2 loans
- Illinois2 loans
Grouped by ProjectState. State names link to the state lender pages where one exists.
Mechanics and Farmers Bank: SBA acquisition lending, answered
Does Mechanics and Farmers Bank make SBA acquisition loans?
Yes. Mechanics and Farmers Bank was approved for 57 SBA 7(a) change-of-ownership loans since FY2020, including 23 in FY2025 to FY2026 Q3. That ranks it #95 of 249 acquisition lenders by loan count in that window. Acquisitions are 54.3% of its 7(a) lending; the rest are startups, expansions, and working capital.
What interest rates does Mechanics and Farmers Bank charge on SBA loans?
Across its FY2025 to FY2026 Q3 acquisition loans, the median rate at approval was 10.50%, against a national median of 9.25%. Half of them started between 10.50% and 10.50%. Its variable-rate loans priced around Prime + 3.00%. Most 7(a) loans float over Prime, so these are rates at approval, not what a borrower pays today.
How large are Mechanics and Farmers Bank's SBA acquisition loans?
The median deal was $296,300, against a national median of $709,300. In total it has approved $9M in gross change-of-ownership loans over FY2025 to FY2026 Q3.
How fast does Mechanics and Farmers Bank fund an SBA loan?
Across the 19 loans that report both dates, the median time from approval to first disbursement was 27 days. Actual timelines vary with the deal and the documentation.
What kinds of businesses does Mechanics and Farmers Bank finance?
Its FY2025 to FY2026 Q3 acquisition loans concentrate in Accommodation and Food Services and Administrative and Support and Waste Management and Remediation Services. 30.43% of its acquisition loans went to franchises. The full industry and deal-size mix is above.
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The deal analyzer prices an acquisition with current SBA terms and shows whether the numbers cover the debt.
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Browse all lendersSource: SBA 7(a) FOIA file, change-of-ownership loans for Mechanics and Farmers Bank. Window stats cover FY2025 to FY2026 Q3, as of June 30, 2026, and refresh with each quarterly cut. Rates and rate quartiles are the rates at approval. Website, headquarters, assets, founding year, and office count come from the FDIC BankFind Suite API and, for credit unions, the NCUA Credit Union Locator (public US government data). Methodology. See an error? Email us and we will correct it.