Farmers State Bank
Headquartered in WATERLOO, IA. Analysis based on 136 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $37.1M.
Total 7(a) loans
136
Total approved
$37.1M
Average loan
$272K
States funded in
7
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
32.95%
Average rate
6.87%
Average term
104 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 16 |
| 621310 | Offices of Chiropractors | 7 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 6 |
| 812112 | Beauty Salons | 5 |
| 524210 | Insurance Agencies and Brokerages | 4 |
| 561730 | Landscaping Services | 4 |
| 561790 | Other Services to Buildings and Dwellings | 4 |
| 811111 | General Automotive Repair | 3 |
| 713950 | Bowling Centers | 3 |
| 238910 | Site Preparation Contractors | 3 |
Top 10 states
| State | Loans |
|---|---|
| IA | 126 |
| MT | 5 |
| OK | 1 |
| KS | 1 |
| MI | 1 |
| TX | 1 |
| WY | 1 |
Top franchise brands financed
15 franchise loans across 13 distinct brands.
| Franchise | Loans |
|---|---|
| Midtown Chimney Sweeps | 3 |
| D-BAT | 1 |
| Nekter Juice Bar | 1 |
| Hoodz | 1 |
| Pizza World/Pizza World Gourme | 1 |
| Heroes Lawn Care | 1 |
| Anchored Tiny Homes | 1 |
| Window Genie | 1 |
| Firehouse Subs | 1 |
| Cinnaholic | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.