States Served
Top Industries Financed
- Other Personal and Household Goods Repair and Maintenance
- All Other Miscellaneous Fabricated Metal Product Manufacturing
- Offices of Mental Health Practitioners (except Physicians)
- Drywall and Insulation Contractors
- Plumbing, Heating, and Air-Conditioning Contractors
Quick Summary
The Farmers National Bank of Canfield is an SBA-approved lender headquartered in Canfield, Ohio. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 13 SBA 7(a) loans totaling $4.1M, with an average loan size of $312K. They serve businesses across 3 states.
About The Farmers National Bank of Canfield
The Farmers National Bank of Canfield is an SBA-approved lender headquartered in Canfield, Ohio. Since 2020, they have approved 13 SBA 7(a) loans totaling $4.1M, with an average loan size of $312K. 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 3 states.
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Frequently Asked Questions
Is The Farmers National Bank of Canfield an SBA Preferred Lender?
Yes, The Farmers National Bank of Canfield 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 The Farmers National Bank of Canfield approved?
According to SBA FOIA public records, The Farmers National Bank of Canfield has approved 13 SBA 7(a) loans totaling $4.1M since 2020. Their average loan size is $312K.
What states does The Farmers National Bank of Canfield serve?
The Farmers National Bank of Canfield serves businesses in 3 states: Ohio, Pennsylvania, Texas.
How do I apply for an SBA loan with The Farmers National Bank of Canfield?
To apply for an SBA 7(a) loan with The Farmers National Bank of Canfield, 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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