Full-service commercial bank offering checking, savings, lending, credit cards, wealth management, business banking, and treasury services. Founded in 1908, it is the second oldest minority-owned bank in the United States and the only North Carolina bank with CDFI designation. Locally led and not controlled by major institutions.
Provider names, logos, and trademarks displayed on this page belong to their respective owners and are used for identification purposes only. VerSquare is not affiliated with, endorsed by, or sponsored by Mechanics and Farmers Bank unless otherwise indicated.
Loading reviews...
7(a) Acquisition Loan Data As Of June 30, 2026
Last 12 Months
Last 3 Years
YoY Growth
expanding
As Of June 30, 2026
Median
$319K
Average
$564K
Sweet Spot
$0-$500K
Industries with highest loan volume
Snack and Nonalcoholic Beverage Bars
3
loans
$253K
avg. amount
Snack and Nonalcoholic Beverage Bars
3
loans
$253K
avg
General Automotive Repair
2
loans
$387K
avg. amount
General Automotive Repair
2
loans
$387K
avg
Limited-Service Restaurants
2
loans
$330K
avg. amount
Limited-Service Restaurants
2
loans
$330K
avg
Offices of Certified Public Accountants
1
loans
$446K
avg. amount
Offices of Certified Public Accountants
1
loans
$446K
avg
All Other Support Services
1
loans
$734K
avg. amount
All Other Support Services
1
loans
$734K
avg
Sign Manufacturing
1
loans
$800K
avg. amount
Sign Manufacturing
1
loans
$800K
avg
Gift, Novelty, and Souvenir Retailers
1
loans
$217K
avg. amount
Gift, Novelty, and Souvenir Retailers
1
loans
$217K
avg
Janitorial Services
1
loans
$194K
avg. amount
Janitorial Services
1
loans
$194K
avg
Fine Arts Schools
1
loans
$204K
avg. amount
Fine Arts Schools
1
loans
$204K
avg
Beauty Salons
1
loans
$299K
avg. amount
Beauty Salons
1
loans
$299K
avg
10-Year
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.96% |
| $500K-$1M | Prime + 3.00% |
| $1M-$2M | Prime + 2.75% |
| $3M-$4M | Prime + 2.00% |
As Of June 30, 2026 - States by loan volume (darker blue = higher volume)
Claim this profile to manage your information, respond to reviews, and access analytics.