Farmers and Merchants Savings Bank: SBA loans in this registry
4companies
4loans
$5.9Mtotal approved
$1.5Maverage loan
About this lender
- Type
- Bank
- Headquarters
- Manchester, IA
- FDIC certificate number
- 9298
- Total assets
- $616.8 million (as of June 30, 2026)
- Established
- 1925
- Offices
- 7
- Website
- www.fmbankia.com
- Acquisition loans (7(a))
- 4 loans, $5.9M total, $1.5M average
- Approval dates
- Dec 6, 2023 to Jan 14, 2025
- Typical term (median)
- acquisition loans: 12 years
- Initial interest rate (7(a))
- 8.75% to 11.5%, median 9.50%
- Rate type (7(a))
- 50% variable, 50% fixed
Top industries
- Shoe Retailers: 2 loans
- Used Household and Office Goods Moving: 1 loan
- Landscaping Services: 1 loan
Top states
Largest deals
- Rdbr LLC, Eldridge, IA: $1,850,000 (7(a) acquisition, Jun 5, 2024)
- Knollwood Kicks, Inc., Minneapolis, MN: $1,744,600 (7(a) acquisition, Dec 6, 2023)
- Nelson Shoes, Inc., Saint Cloud, MN: $1,385,000 (7(a) acquisition, Jan 10, 2024)
- Prestige Msp, LLC, Rochester, MN: $965,000 (7(a) acquisition, Jan 14, 2025)
Lender details come from the SBA loan files and the FDIC BankFind service. Counts cover loans on this site only.
Companies
Use search to find others.
| Company | Location | Industry | Type | Latest approval | Approved |
|---|---|---|---|---|---|
| Prestige Msp, LLC | Rochester, MN | Used Household and Office Goods Moving | Acquisition | Jan 14, 2025 | $965K |
| Rdbr LLC | Eldridge, IA | Landscaping Services | Acquisition | Jun 5, 2024 | $1.9M |
| Nelson Shoes, Inc. | Saint Cloud, MN | Shoe Retailers | Acquisition | Jan 10, 2024 | $1.4M |
| Knollwood Kicks, Inc. | Minneapolis, MN | Shoe Retailers | Acquisition | Dec 6, 2023 | $1.7M |