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Farmers Savings Bank & Trust

TRAER, IA 50675

2
Loans Approved
$193K
Total Volume
$97K
Avg Loan Size
1
States Served

States Served

Iowa

Top Industries Financed

  • Other Heavy and Civil Engineering Construction
  • Goat Farming

Quick Summary

Farmers Savings Bank & Trust is an SBA-approved lender headquartered in TRAER, Iowa. Since 2020, they have approved 2 SBA 7(a) loans totaling $193K, with an average loan size of $97K. They primarily serve Iowa businesses.

About Farmers Savings Bank & Trust

Farmers Savings Bank & Trust is an SBA-approved lender headquartered in TRAER, Iowa. Since 2020, they have approved 2 SBA 7(a) loans totaling $193K, with an average loan size of $97K. They primarily serve businesses in Iowa.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Farmers Savings Bank & Trust an SBA Preferred Lender?

Farmers Savings Bank & Trust is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Farmers Savings Bank & Trust approved?

According to SBA FOIA public records, Farmers Savings Bank & Trust has approved 2 SBA 7(a) loans totaling $193K since 2020. Their average loan size is $97K.

What states does Farmers Savings Bank & Trust serve?

Farmers Savings Bank & Trust primarily serves businesses in Iowa.

How do I apply for an SBA loan with Farmers Savings Bank & Trust?

To apply for an SBA 7(a) loan with Farmers Savings Bank & Trust, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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