Farmers and Merchants State Bank of Pierz
Farmers and Merchants State Bank of Pierz is an active SBA lender in Minnesota, a bank offering SBA-guaranteed small-business loans. Currently rated 4.2 stars across 19 Google reviews.
$6M
in SBA approvals since 2010
42
SBA loans funded
Manufacturing · Construction & Contractors · Gas Stations & Convenience
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Farmers and Merchants State Bank of Pierz
Offering comprehensive SBA lending options, this financial institution specializes in supporting small businesses with access to capital through various SBA programs. Whether you're seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. With a focus on personalized service, they work closely with borrowers to understand their unique circumstances and help secure the best possible financing options. The bank's commitment to small business growth is evident in their flexible lending criteria and dedicated customer service. Located conveniently in Pierz, MN, they serve local entrepreneurs and businesses, fostering economic development in the region. Their SBA program history highlights their extensive experience and success in facilitating small business loans, particularly through the SBA 7(a) program, with approval amounts reaching up to $320,000. This institution is dedicated to helping startups and established businesses alike achieve their financial goals with reliable and accessible SBA-backed loans.
Industries Farmers and Merchants State Bank of Pierz finances
Business types Farmers and Merchants State Bank of Pierz actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Farmers and Merchants State Bank of Pierz
What is this place and what can I find here?
This is a commercial bank that offers SBA loans and small business financing options to help entrepreneurs grow their businesses. You can find assistance with SBA 7(a) loans, microloans, and other tailored financial solutions. Their team provides guidance throughout the loan process to ensure you get the support you need.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to meet with their SBA lending specialists, but walk-ins are also welcome during business hours. Calling ahead can help ensure dedicated time for your needs.
What are the hours of operation?
The bank operates Monday through Friday from 8:30 AM to 5:00 PM. It's best to check ahead for any holiday hours or special closures.
Is there a fee to use this?
There are no fees for visiting the bank; however, loan applications and processing may involve standard fees and interest charges based on the loan terms.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners within the region, though they may consider out-of-area applicants on a case-by-case basis.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, but higher scores can improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Farmers and Merchants State Bank of Pierz typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Farmers and Merchants State Bank of Pierz to confirm current weekend availability before you go.
How do I get there and where do I park?
Farmers and Merchants State Bank of Pierz is located in Minnesota — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Farmers and Merchants State Bank of Pierz, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Farmers and Merchants State Bank of Pierz itself, which runs its own lending under its own ownership. If you work at Farmers and Merchants State Bank of Pierz, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Farmers and Merchants State Bank of Pierz — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Farmers and Merchants State Bank of Pierz before applying. If you represent Farmers and Merchants State Bank of Pierz, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Farmers and Merchants State Bank of Pierz by phone at (320) 468-6422 or online at fmpierz.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Farmers and Merchants State Bank of Pierz before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Farmers and Merchants State Bank of Pierz most often finances businesses in manufacturing and construction & contractors. This reflects Farmers and Merchants State Bank of Pierz's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Farmers and Merchants State Bank of Pierz which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Farmers and Merchants State Bank of Pierz participates in SBA Express depends on its specific SBA lending authority. Contact Farmers and Merchants State Bank of Pierz and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Farmers and Merchants State Bank of Pierz can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Farmers and Merchants State Bank of Pierz's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Farmers and Merchants State Bank of Pierz directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Farmers and Merchants State Bank of Pierz what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Farmers and Merchants State Bank of Pierz to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Farmers and Merchants State Bank of Pierz to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Farmers and Merchants State Bank of Pierz weighs this case by case under its own policy, so be upfront about your history and ask Farmers and Merchants State Bank of Pierz how it evaluates prior bankruptcies.
