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 7 funded 7(a) loans totaling $1.1M, an average of $152K per loan, and an estimated 25 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
7
Total volume
$1.1M
Average loan size
$152K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
25
Programs
7(a)
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 | 7 | $1.1M |
What Farmers & Merchants State Bank of New York Mills, Incorporated funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 3 | $535K |
| Other Services | 1 | $190K |
| 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
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 1 | $100K |
| 2021 | 2 | $460K |
| 2022 | 2 | $265K |
| 2023 | 1 | $125K |
| 2025 | 1 | $115K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Farmers & Merchants State Bank of New York Mills, Incorporated's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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