Mechanics and Farmers Bank
Headquartered in Durham, NC. Analysis based on 95 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $59.2M.
Total 7(a) loans
95
Total approved
$59.2M
Average loan
$623K
States funded in
24
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
34.00%
Average rate
8.82%
Average term
134 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 31 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 6 |
| 561790 | Other Services to Buildings and Dwellings | 3 |
| 722513 | Limited-Service Restaurants | 3 |
| 811111 | General Automotive Repair | 3 |
| 812910 | Pet Care (except Veterinary) Services | 3 |
| 812310 | Coin-Operated Laundries and Drycleaners | 2 |
| 611610 | Fine Arts Schools | 2 |
| 339950 | Sign Manufacturing | 2 |
| 238990 | All Other Specialty Trade Contractors | 2 |
Top 10 states
| State | Loans |
|---|---|
| NC | 35 |
| GA | 8 |
| FL | 8 |
| VA | 6 |
| SC | 5 |
| TX | 4 |
| CA | 3 |
| IN | 3 |
| KY | 3 |
| NV | 2 |
Top franchise brands financed
14 franchise loans across 12 distinct brands.
| Franchise | Loans |
|---|---|
| Cinnaholic | 2 |
| Smoothie King | 2 |
| Zoom Room | 1 |
| Epic Wings/Epic Wings N Things | 1 |
| LIVE Hydration Spa | 1 |
| Sandler Training | 1 |
| Domino's | 1 |
| Pure Green | 1 |
| Signarama | 1 |
| Top Rail Fence | 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.