Farmers State Bank: SBA loans in this registry

About this lender

Type

Bank

Headquarters

Marion, IA

FDIC certificate number

14209

Acquisition loans (7(a))

4 loans, $4.3M total, $1.1M average

Expansion loans (504, SBA portion)

3 loans, $7.2M total, $2.4M average

Approval dates

Oct 5, 2023 to Jul 8, 2026

Typical term (median)

acquisition loans: 10 years; expansion loans: 25 years

Initial interest rate (7(a))

8.05% to 11.5%, median 8.55%

Rate type (7(a))

50% variable, 50% fixed

Top industries

• Computer Systems Design Services: 1 loan
• Limited-Service Restaurants: 1 loan
• Drinking Places (Alcoholic Beverages): 1 loan
• Bowling Centers: 1 loan
• Site Preparation Contractors: 1 loan

Top states

• Iowa: 4 loans
• Montana: 2 loans
• Missouri: 1 loan

Largest deals

• Springhill Suites by Mariott, Coralville, IA: $4,363,000 (504 SBA portion, Dec 7, 2023)
• Grays 50 Shades, LLC, Norwalk, IA: $2,000,000 (7(a) acquisition, Oct 30, 2024)
• SNS Waukee LLC, Waukee, IA: $1,495,000 (504 SBA portion, May 2, 2025)
• 2820 Barry LLC, Kansas City, MO: $1,391,000 (504 SBA portion, Jul 8, 2026)
• Colonial Bowling, Inc., Iowa City, IA: $1,000,000 (7(a) acquisition, Sep 30, 2024)

Lender details come from the SBA loan files. Counts cover loans on this site only.

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