Skip to main content
Home → Minnesota → First Farmers & Merchants Bank

First Farmers & Merchants Bank

CANNON FALLS, MN 55009

5
Loans Approved
$1.3M
Total Volume
$266K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • All Other Specialty Trade Contractors
  • Furniture Stores
  • Security Systems Services (except Locksmiths)
  • Employment Placement Agencies

Quick Summary

First Farmers & Merchants Bank is an SBA-approved lender headquartered in CANNON FALLS, Minnesota. Since 2020, they have approved 5 SBA 7(a) loans totaling $1.3M, with an average loan size of $266K. They primarily serve Minnesota businesses.

About First Farmers & Merchants Bank

First Farmers & Merchants Bank is an SBA-approved lender headquartered in CANNON FALLS, Minnesota. Since 2020, they have approved 5 SBA 7(a) loans totaling $1.3M, with an average loan size of $266K. They primarily serve businesses in Minnesota.

Before you apply — know where you stand

Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.

Check My FICO SBSS →

Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First Farmers & Merchants Bank an SBA Preferred Lender?

First Farmers & Merchants Bank 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 First Farmers & Merchants Bank approved?

According to SBA FOIA public records, First Farmers & Merchants Bank has approved 5 SBA 7(a) loans totaling $1.3M since 2020. Their average loan size is $266K.

What states does First Farmers & Merchants Bank serve?

First Farmers & Merchants Bank primarily serves businesses in Minnesota.

How do I apply for an SBA loan with First Farmers & Merchants Bank?

To apply for an SBA 7(a) loan with First Farmers & Merchants Bank, 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+.

Get in Touch with This Lender

Contact First Farmers & Merchants Bank

Your information is never shared without your permission.

Ready to Apply for an SBA Loan?

Check if you qualify in minutes — no impact to your credit score.

Check My Eligibility at SmartBiz →Browse Minnesota Lenders

SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days