SBA lender profile
Farmers & Merchants State Bank of New York Mills, Incorporated
Farmers & Merchants State Bank of New York Mills, Incorporated appears in the public SBA loan data with 9 funded 7(a) loans since FY2010, totaling $1.5M, an average of $172K per loan, and an estimated 41 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade sector. With only 9 7(a) loans in the data, the sample is too small to read a charge-off rate as a track record.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
Is Farmers & Merchants State Bank of New York Mills, Incorporated the right lender for you?
Farmers & Merchants State Bank of New York Mills, Incorporated appears in the SBA record with 9 funded loans since FY2010, too few to read as a lending pattern. That is not a mark against the institution, but it does mean the record cannot tell you whether it lends to businesses like yours. Lenders with a deeper track record in your state and industry can.
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Bank profile
via FDIC- Total assets
- $82M
- Headquarters
- New York Mills, MN
- FDIC cert
- #9340
- Status
- Active
Where Farmers & Merchants State Bank of New York Mills, Incorporated lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 9 | $1.5M |
Metro areas where Farmers & Merchants State Bank of New York Mills, Incorporated funds
What Farmers & Merchants State Bank of New York Mills, Incorporated funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 4 | $885K |
| Other Services | 2 | $320K |
| Manufacturing | 1 | $125K |
| Real Estate | 1 | $115K |
| Transportation and Warehousing | 1 | $100K |
Farmers & Merchants State Bank of New York Mills, Incorporated SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2014 | 2 | $480K |
| 2020 | 1 | $100K |
| 2021 | 2 | $460K |
| 2022 | 2 | $265K |
| 2023 | 1 | $125K |
| 2025 | 1 | $115K |
Related SBA lenders
Other lenders active in Minnesota or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Farmers & Merchants State Bank of New York Mills, Incorporated: frequently asked questions
Does Farmers & Merchants State Bank of New York Mills, Incorporated offer SBA loans?
Yes. Farmers & Merchants State Bank of New York Mills, Incorporated appears in the public SBA data with 9 funded SBA 7(a) loans totaling $1.5M.
How many SBA loans has Farmers & Merchants State Bank of New York Mills, Incorporated made?
Farmers & Merchants State Bank of New York Mills, Incorporated is associated with 9 SBA 7(a) loans totaling $1.5M in the public SBA data (as of 2026-03-31).
What is Farmers & Merchants State Bank of New York Mills, Incorporated's SBA charge-off rate?
Farmers & Merchants State Bank of New York Mills, Incorporated appears with only 9 7(a) loans in the data, too few for a charge-off rate to be meaningful as a track record. The SBA Lender Score treats fewer than 20 loans as insufficient data for the same reason; see our methodology.
Where does Farmers & Merchants State Bank of New York Mills, Incorporated do most of its SBA lending?
Farmers & Merchants State Bank of New York Mills, Incorporated's SBA lending in the data is most concentrated in Minnesota, and by industry in Retail Trade.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Farmers & Merchants State Bank of New York Mills, Incorporated SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/farmers-merchants-state-bank-of-new-york-mills-incorporated/
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