Loading...
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.
Have you worked with Mechanics and Farmers Bank? Share your experience to help others.
Loading reviews...
SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
stable
As Of March 31, 2026
Median
$430K
Average
$660K
Sweet Spot
$0-$500K
Industries with highest loan volume
Insurance Agencies and Brokerages
4
loans
$989K
avg. amount
Insurance Agencies and Brokerages
Loans
4
Avg. Amount
$989K
General Automotive Repair
3
loans
$425K
avg. amount
General Automotive Repair
Loans
3
Avg. Amount
$425K
Limited-Service Restaurants
3
loans
$287K
avg. amount
Limited-Service Restaurants
Loans
3
Avg. Amount
$287K
General Freight Trucking, Local
1
loans
$4.0M
avg. amount
General Freight Trucking, Local
Loans
1
Avg. Amount
$4.0M
Sign Manufacturing
1
loans
$800K
avg. amount
Sign Manufacturing
Loans
1
Avg. Amount
$800K
Convention and Trade Show Organizers
1
loans
$172K
avg. amount
Convention and Trade Show Organizers
Loans
1
Avg. Amount
$172K
Other Services to Buildings and Dwellings
1
loans
$180K
avg. amount
Other Services to Buildings and Dwellings
Loans
1
Avg. Amount
$180K
Other Computer Related Services
1
loans
$1.5M
avg. amount
Other Computer Related Services
Loans
1
Avg. Amount
$1.5M
Furniture Merchant Wholesalers
1
loans
$880K
avg. amount
Furniture Merchant Wholesalers
Loans
1
Avg. Amount
$880K
Gift, Novelty, and Souvenir Retailers
1
loans
$217K
avg. amount
Gift, Novelty, and Souvenir Retailers
Loans
1
Avg. Amount
$217K
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.89% |
| $500K-$1M | Prime + 2.60% |
| $1M-$2M | Prime + 2.38% |
| $3M-$4M | Prime + 2.00% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
Claim this profile to manage your information, respond to reviews, and access analytics.