The Farmers and Merchants State Bank
SBA lender based in Ohio serving 4 states and 26 industries
The Farmers and Merchants State Bank has funded 64 SBA loans across 4 states and 26 industries. Their average loan size is $349K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against The Farmers and Merchants State Bank and 897+ alternatives based on closing probability + pricing.
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Book a CallWhy borrowers choose The Farmers and Merchants State Bank
The Farmers and Merchants State Bank is best suited for borrowers seeking mid-market business acquisitions and franchise build-outs, with an average SBA loan of $349K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Indiana. With 64 SBA loans funded across 4 states, they operate as a regional specialist anchored in Ohio. Their portfolio default rate is 784.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against The Farmers and Merchants State Bank and 897+ alternatives.
Recent SBA Activity at The Farmers and Merchants State Bank
Franchise lending: The Farmers and Merchants State Bank has funded SBA loans for multiple franchise concepts, with the highest volume in AU BON PAIN, COAST-TO-COAST STORE, and DAIRY QUEEN. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.
Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Personal Care Services, and Clothing & Accessories. Borrowers in these NAICS sectors typically see better terms and faster approvals.
Geographic concentration: Top markets are Indiana, Ohio, Michigan, and South Dakota. Lenders typically underwrite faster in states where they already have closing comps.
Compare The Farmers and Merchants State Bank to Similar SBA Lenders
Other SBA lenders headquartered in Ohio with similar deal-size profiles. Borrowers should always compare 3–5 lenders before committing.
Looking for SBA Financing?
Tell us about your deal and we'll match you with the right capital source from our network. PeerSense uses proprietary data on lender track records to find the best fit for your industry, location, and loan size.
About The Farmers and Merchants State Bank SBA Lending
The Farmers and Merchants State Bank is an SBA lender headquartered in Ohio. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.
The Farmers and Merchants State Bank serves borrowers across 4 states and 26 industry sectors with a regional lending focus. To find out whether The Farmers and Merchants State Bank is a good fit for your specific deal, reach out to PeerSense for a free lender match.
PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.
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See Related Rates by Program
PeerSense covers the full commercial capital stack. Rates and structures across our money pages — updated weekly.
CMBS Conduit
5.60–7.10%10-yr non-recourse fixed, $5M–$500M+, fully assumable
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive — Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Mezzanine Debt
11.00–18.00%Subordinate to senior, $1M–$50M, capital stack fill
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting