SBA lender profile
Mechanics Bank
Mechanics Bank appears in the public SBA loan data with 45 funded 7(a) loans totaling $37.3M, an average of $829K per loan, and an estimated 885 jobs supported. Its SBA lending concentrates in Washington and the Construction sector. Across all of its loans in the data, its charge-off rate is 6.7%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
45
Total volume
$37.3M
Average loan size
$829K
Charge-off rate
6.7%
Share of funded loans charged off
Jobs supported (reported)
885
Programs
7(a)
Bank profile
via FDIC- Total assets
- $323M
- Headquarters
- Water Valley, MS
- FDIC cert
- #12206
- Status
- Inactive
Where Mechanics Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Washington | 28 | $28.0M |
| California | 10 | $7.4M |
| Hawaii | 3 | $984K |
| Oregon | 2 | $705K |
| Ohio | 2 | $200K |
What Mechanics Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 12 | $12.5M |
| Transportation and Warehousing | 4 | $5.5M |
| Retail Trade | 7 | $4.9M |
| Health Care and Social Assistance | 4 | $4.4M |
| Manufacturing | 6 | $3.7M |
| Accommodation and Food Services | 4 | $2.2M |
Mechanics Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 9 | $7.0M |
| 2021 | 10 | $9.5M |
| 2022 | 17 | $12.2M |
| 2023 | 7 | $7.3M |
| 2025 | 1 | $200K |
| 2026 | 1 | $1.0M |
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 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.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.