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Farmers State Bank of Alto Pass, Illinois

ALTO PASS, IL 62905

⭐ SBA Preferred Lender
72
Loans Approved
$161.9M
Total Volume
$2.2M
Avg Loan Size
23
States Served

States Served

AlabamaArizonaCaliforniaColoradoFloridaGeorgiaIdahoIllinoisIndianaKentuckyLouisianaMichiganMissouriMississippiNew YorkOhioPennsylvaniaSouth CarolinaSouth DakotaTennesseeTexasVirginiaWisconsin

Top Industries Financed

  • Hotels (except Casino Hotels) and Motels
  • Veterinary Services
  • Electrical Contractors
  • Full-Service Restaurants
  • Gasoline Stations with Convenience Stores

Quick Summary

Farmers State Bank of Alto Pass, Illinois is an SBA-approved lender headquartered in ALTO PASS, Illinois. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 72 SBA 7(a) loans totaling $161.9M, with an average loan size of $2.2M. They serve businesses across 23 states.

About Farmers State Bank of Alto Pass, Illinois

Farmers State Bank of Alto Pass, Illinois is an SBA-approved lender headquartered in ALTO PASS, Illinois. Since 2020, they have approved 72 SBA 7(a) loans totaling $161.9M, with an average loan size of $2.2M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 23 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Farmers State Bank of Alto Pass, Illinois an SBA Preferred Lender?

Yes, Farmers State Bank of Alto Pass, Illinois is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has Farmers State Bank of Alto Pass, Illinois approved?

According to SBA FOIA public records, Farmers State Bank of Alto Pass, Illinois has approved 72 SBA 7(a) loans totaling $161.9M since 2020. Their average loan size is $2.2M.

What states does Farmers State Bank of Alto Pass, Illinois serve?

Farmers State Bank of Alto Pass, Illinois serves businesses in 23 states: Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Michigan, Missouri, Mississippi, New York, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Virginia, Wisconsin.

How do I apply for an SBA loan with Farmers State Bank of Alto Pass, Illinois?

To apply for an SBA 7(a) loan with Farmers State Bank of Alto Pass, Illinois, 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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