SBA lender profile
Mechanics and Farmers Bank
Mechanics and Farmers Bank appears in the public SBA loan data with 100 funded 7(a) loans totaling $60.5M, an average of $605K per loan, and an estimated 768 jobs supported. Its SBA lending concentrates in North Carolina and the Finance and Insurance 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
100
Total volume
$60.5M
Average loan size
$605K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
768
Programs
7(a)
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 | 31 | $27.5M |
| Other Services | 12 | $6.8M |
| Transportation and Warehousing | 5 | $5.1M |
| Accommodation and Food Services | 11 | $3.7M |
| Administrative and Support | 9 | $3.7M |
| Professional and Technical Services | 4 | $3.1M |
Mechanics and Farmers Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 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 |
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 Mechanics and Farmers Bank'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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