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SBA 7(a) record
Mechanics & Farmers Bank: SBA 7(a) loans made
Mechanics & Farmers Bank, a bank based in Durham, NC, made 46 SBA 7(a) loans in the 36 months ending September 30, 2026, $23.2M in all, net of cancelled approvals. The typical loan was about $320K, and 13 were in the last 12 months. Most were in North Carolina.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 46
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $23.2M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $320K
- SBA FOIA,
- Largest loan
- $4M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 13
- SBA FOIA,
Cite this
Source: The Lender Report, Mechanics & Farmers Bank: SBA 7(a) loans made, https://lender.report/lender/mechanics-and-farmers-bank-nc/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Aug 2026 | Florida | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $480K | 9.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Florida | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $470K | 9.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Pennsylvania | SBA 7(a), Professional and Management Development Training | $220K | 9.75% | 10 yr | SBA FOIA | |
| Jun 2026 | Texas | SBA 7(a), Offices of Lawyers | $480K | 7% | 25 yr | SBA FOIA | |
| May 2026 | Florida | SBA 7(a), All Other Miscellaneous Manufacturing | $280K | 9.75% | 10 yr | SBA FOIA | |
| Apr 2026 | North Carolina | SBA 7(a), Child Care Services | $1.3M | 7% | 25 yr | SBA FOIA | |
| Apr 2026 | North Carolina | SBA 7(a), Offices of Physical, Occupational and Speech Therapists, and Audiologists | $260K | 9.5% | 10 yr | SBA FOIA | |
| Apr 2026 | South Carolina | SBA 7(a), Offices of Physical, Occupational and Speech Therapists, and Audiologists | $180K | 9.75% | 10 yr | SBA FOIA | |
| Mar 2026 | Florida | SBA 7(a), Fitness and Recreational Sports Centers | $220K | 9.75% | 10 yr | SBA FOIA | |
| Jan 2026 | Tennessee | SBA 7(a), Gift, Novelty, and Souvenir Retailers | $220K | 9.75% | 10 yr | SBA FOIA | |
| Jan 2026 | Florida | SBA 7(a), Other Services to Buildings and Dwellings | $180K | 9.75% | 10 yr | SBA FOIA | |
| Dec 2025 | Kentucky | SBA 7(a), Manufacturing | $800K | 10% | 10 yr | SBA FOIA | |
| Nov 2025 | South Carolina | SBA 7(a), Sports and Recreation Instruction | $230K | 9.75% | 10 yr | SBA FOIA | |
| Sep 2025 | Kentucky | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $730K | 10.5% | 10 yr | SBA FOIA | |
| Sep 2025 | Florida | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $210K | 10.5% | 10 yr | SBA FOIA | |
| Sep 2025 | Florida | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $210K | 10.5% | 10 yr | SBA FOIA | |
| Aug 2025 | North Carolina | SBA 7(a), Limited-Service Restaurants | $460K | 10.5% | 10 yr | SBA FOIA | |
| Aug 2025 | North Carolina | SBA 7(a), All Other Miscellaneous Ambulatory Health Care Services | $320K | 10.5% | 10 yr | SBA FOIA | |
| Jun 2025 | Georgia | SBA 7(a), Pet Care (except Veterinary) Services | $470K | 10.5% | 10 yr | SBA FOIA | |
| May 2025 | Virginia | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $340K | 10.5% | 10 yr | SBA FOIA | |
| May 2025 | Virginia | SBA 7(a), All Other Specialty Trade Contractors | $210K | 10.25% | 10 yr | SBA FOIA | |
| Mar 2025 | Illinois | SBA 7(a), Flooring Contractors | $300K | 10.5% | 10 yr | SBA FOIA | |
| Mar 2025 | North Carolina | SBA 7(a), Drycleaning and Laundry Services (except Coin-Operated) | $230K | 10.5% | 10 yr | SBA FOIA | |
| Mar 2025 | North Carolina | SBA 7(a), Limited-Service Restaurants | $200K | 10.5% | 10 yr | SBA FOIA | |
| Mar 2025 | North Carolina | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $170K | 10.5% | 10 yr | SBA FOIA | |
| 46 SBA 7(a) loans since October 2023, net of cancelled | $23.2M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| North Carolina | 15 | $7.63M |
| Florida | 9 | $2.76M |
| Georgia | 5 | $6.69M |
| Virginia | 5 | $2.01M |
| South Carolina | 4 | $1.06M |
| Kentucky | 2 | $1.53M |
| Texas | 2 | $630K |
| California | 1 | $150K |
| Illinois | 1 | $300K |
| Pennsylvania | 1 | $220K |
| Tennessee | 1 | $220K |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 0 | $0 |
| $150K to $350K | 26 | $5.93M |
| $350K to $1M | 16 | $8.77M |
| $1M to $2.5M | 3 | $4.50M |
| $2.5M or more | 1 | $4.00M |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 4 | $6.70M |
| 2024 Q1 | 2 | $580K |
| 2024 Q2 | 2 | $1.22M |
| 2024 Q3 | 3 | $870K |
| 2024 Q4 | 6 | $3.66M |
| 2025 Q1 | 8 | $1.90M |
| 2025 Q2 | 3 | $1.02M |
| 2025 Q3 | 5 | $1.93M |
| 2025 Q4 | 2 | $1.03M |
| 2026 Q1 | 3 | $620K |
| 2026 Q2 | 5 | $2.50M |
| 2026 Q3 | 3 | $1.17M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Snack and Nonalcoholic Beverage Bars (722515) | 6 |
| Offices of Physical, Occupational and Speech Therapists, and Audiologists (621340) | 3 |
| Other Services to Buildings and Dwellings (561790) | 3 |
| Administrative and Support and Waste Management and Remediation Services | 2 |
| All Other Specialty Trade Contractors (238990) | 2 |
| General Automotive Repair (811111) | 2 |
| Limited-Service Restaurants (722513) | 2 |
| All Other Miscellaneous Ambulatory Health Care Services (621999) | 1 |
| All Other Miscellaneous Manufacturing (339999) | 1 |
| All Other Miscellaneous Retailers (459999) | 1 |
| Baked Goods Retailers (445291) | 1 |
| Beauty Salons (812112) | 1 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Preferred Lenders Program | 42 |
| 7a General | 4 |
- Mechanics & Farmers Bank made 46 SBA 7(a) loans totaling $23.2M in the 36 months ending September 30, 2026, net of cancelled approvals, in 11 states. SBA FOIA,
- 13 of them were in the 12 months to September 30, 2026, and 22 in the 12 months before. SBA FOIA,
- The typical loan was about $320K, with the middle half between $210K and $480K. SBA FOIA,
- The largest was about $4M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 0 loans were under $150K, and 4 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 10.50% on 46 loans, with the middle half between 9.75% and 11.00%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Snack and Nonalcoholic Beverage Bars, with 6. SBA FOIA,
- The SBA file lists 42 of its loans as processed under Preferred Lenders Program. SBA FOIA,
- Its loans were most often in North Carolina (15), Florida (9) and Georgia (5). SBA FOIA,
What we don't know
- Whether Mechanics & Farmers Bank is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.