SBA lender profile
Mechanics and Farmers Bank
Mechanics and Farmers Bank appears in the public SBA loan data with 123 funded 7(a) loans since FY2010, totaling $66.8M, an average of $543K per loan, and an estimated 963 jobs supported. Its SBA lending concentrates in North Carolina and the Finance and Insurance sector. Across its 7(a) loans, the charge-off rate is 1.6%. 37.4% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 78
- Scale 59
- Activity 74
- Consistency 61
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Mechanics and Farmers Bank the right lender for you?
Lenders fund what they know. Mechanics and Farmers Bank's SBA lending concentrates in North Carolina (46 loans) and Finance and Insurance (45 loans), at an average loan of $543K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Where Mechanics and Farmers Bank lends
Top states by funded SBA volume.
What Mechanics and Farmers Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Finance and Insurance | 45 | $30.8M |
| Other Services | 14 | $7.3M |
| Transportation and Warehousing | 5 | $5.1M |
| Accommodation and Food Services | 14 | $4.3M |
| Administrative and Support | 9 | $3.7M |
| Health Care and Social Assistance | 8 | $3.7M |
Mechanics and Farmers Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2017 | 3 | $882K |
| 2018 | 10 | $2.5M |
| 2019 | 10 | $3.0M |
| 2020 | 14 | $6.7M |
| 2021 | 16 | $14.6M |
| 2022 | 9 | $8.5M |
| 2023 | 11 | $7.4M |
| 2024 | 13 | $9.8M |
| 2025 | 29 | $10.7M |
| 2026 | 8 | $2.6M |
Related SBA lenders
Other lenders active in North Carolina or in Finance and Insurance.
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Mechanics and Farmers Bank: frequently asked questions
Does Mechanics and Farmers Bank offer SBA loans?
Yes. Mechanics and Farmers Bank appears in the public SBA data with 123 funded SBA 7(a) loans totaling $66.8M.
How many SBA loans has Mechanics and Farmers Bank made?
Mechanics and Farmers Bank is associated with 123 SBA 7(a) loans totaling $66.8M in the public SBA data (as of 2026-03-31).
What is Mechanics and Farmers Bank's SBA charge-off rate?
About 1.6% of Mechanics and Farmers Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Mechanics and Farmers Bank do most of its SBA lending?
Mechanics and Farmers Bank's SBA lending in the data is most concentrated in North Carolina, and by industry in Finance and Insurance.
Is Mechanics and Farmers Bank an SBA Preferred Lender (PLP)?
The loan record shows Mechanics and Farmers Bank operating under PLP delegated authority: 46 of its 7(a) loans (37.4%) were processed through the Preferred Lenders Program, including 46 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
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). Mechanics and Farmers Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/mechanics-and-farmers-bank/
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