Farmers AND Merchants State Bank OF Pierz: SBA Lending Activity & Industry Focus
Based on historical SBA 7(a) lending data.
Total Approvals
7
by Farmers AND Merchants State Bank OF Pierz
Total Volume
$1,027,000
approved amount
Median Loan Size
$107,000
per approval
Recent Activity
3
last 90 days through Oct 2022
Farmers AND Merchants State Bank OF Pierz is a lender based in Minnesota. With 7 SBA 7(a) approvals and a typical loan size of $107,000, their lending data provides a detailed picture of where and how they deploy SBA capital.
What you should know
Key insights derived from Farmers AND Merchants State Bank OF Pierz's SBA 7(a) lending history
Industry specialist: Nonupholstered Wood Household Furniture Manufacturing
71% of Farmers AND Merchants State Bank OF Pierz's SBA loans go to just 3 industries: Nonupholstered Wood Household Furniture Manufacturing (29%), General Automotive Repair (29%), Broilers and Other Meat Type (14%). If your business is in one of these sectors, Farmers AND Merchants State Bank OF Pierz likely understands your industry's economics well — a major advantage during underwriting.
Sweet spot: $150K–$350K loans
43% of Farmers AND Merchants State Bank OF Pierz's SBA loans fall in the $150K–$350K range. Their typical loan (median) is $107,000, with the middle 50% of loans between $25,000 and $250,000. If your loan request is in this range, you may see a faster, smoother process.
Local lender: primarily Minnesota
Farmers AND Merchants State Bank OF Pierz focuses their SBA lending in 1 state, with 100% in Minnesota. Local lenders often prioritize community relationships and may be easier to work with if you're in their market.
Smaller loan specialist
Farmers AND Merchants State Bank OF Pierz's median loan of $107,000 is well below the SBA 7(a) average. They appear to specialize in smaller loans — making them a strong option if you need under $300,000 and may face minimum-amount barriers elsewhere.
Smaller SBA program
Farmers AND Merchants State Bank OF Pierz has 7 SBA 7(a) approvals. Their smaller volume may mean longer processing times, but could also mean more personalized attention for borrowers.
Lending trends for Farmers AND Merchants State Bank OF Pierz
Loan size distribution
Based on 7 SBA 7(a) approvals
Summary
Median (50th percentile)
$107,000
25th percentile
$25,000
75th percentile
$250,000
Average
$146,714
Typical range
States served
State-by-state lending activity
| # | State | Approvals |
|---|---|---|
| 1 | Minnesota | 7 |
Farmers AND Merchants State Bank OF Pierz by industry
Industry focus
Recent SBA 7(a) approvals by Farmers AND Merchants State Bank OF Pierz
| Month | Borrower | Location | Industry | Amount |
|---|---|---|---|---|
| 2022-10 | All*****LLC | WATKINS, MN | Commercial and Industrial Machinery and Equipment (except Automotive a | $85,000 |
| 2022-10 | All*****LLC | WATKINS, MN | Commercial and Industrial Machinery and Equipment (except Automotive a | $25,000 |
| 2022-08 | Nev*****LLC | SAUK RAPIDS, MN | Horse and Other Equine Production | $250,000 |
| 2022-06 | Bc *****nc. | SAUK RAPIDS, MN | All Other Miscellaneous Manufacturing | $300,000 |
| 2022-02 | Bel*****LLC | SAUK RAPIDS, MN | — | $250,000 |
| 2019-10 | Ric*****LLC | Pierz, MN | Nonupholstered Wood Household Furniture Manufacturing | $107,000 |
| 2019-10 | Ric*****LLC | Pierz, MN | Nonupholstered Wood Household Furniture Manufacturing | $10,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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