Bank · Durham, NC
Mechanics and Farmers Bank
Made 23 SBA 7(a) change-of-ownership loans totaling $13.1M in FY2024 to FY2026: #140 of 1,054 lenders by loans and #209 by dollars. Lends in 8 states. Part of M&F Bcorp Inc.
#140by loans, FY24–26
23loans
$13.1Mapproved
$298Kmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 4 | $5.3M | $577K | 0.1% |
| FY2025 | 15 | $6.4M | $339K | 0.2% |
| FY2026 | 4 | $1.4M | $216K | 0.1% |
Loan size
Deal size mix
9% of its loans were $1M or more.
- Under $350K13 loans · 57% · $3.0M
- $350K to $1M8 loans · 35% · $4.6M
- $1M to $2M1 loans · 4% · $1.5M
- $2M to $5M1 loans · 4% · $4.0M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Accommodation & Food Services | 5 | $1.4M |
| Administrative & Support, Waste Mgmt | 4 | $1.3M |
| Other Services | 4 | $1.5M |
| Professional, Scientific & Technical Services | 2 | $1.9M |
| Retail Trade | 2 | $569K |
| Construction | 1 | $296K |
| Manufacturing | 1 | $800K |
| Wholesale Trade | 1 | $880K |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| North Carolina | 7 | $2.6M |
| Florida | 5 | $1.1M |
| Virginia | 3 | $896K |
| Georgia | 3 | $6.0M |
| Kentucky | 2 | $1.5M |
| Illinois | 1 | $296K |
| South Carolina | 1 | $500K |
| Tennessee | 1 | $216K |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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