Lenders › The Farmers Bank, Frankfort, Indiana
7(a) lenderFrankfort, IndianaFDIC-insured bank461st of 2,184 by approvals
The Farmers Bank, Frankfort, Indiana
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
In FY2021 to FY2025 SBA approved 58 7(a) loans, worth $30.6M, through The Farmers Bank, Frankfort, Indiana of Frankfort, Indiana, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 461st among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 10 approvals totalling $5.4M, down 23% on FY2024 (13). FY2026 to 30 Jun 2026 adds 4 more.
The median approval was $409K, against $190K for the 7(a) program as a whole; 20.7% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 3 states and territories and 13 counties, led by Indiana (89.7%), Florida (8.6%) and Arizona (1.7%). The largest industry group was manufacturing at 27.6% of approvals, and 29.3% of approvals were to franchise businesses.
Of 108 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (5.6%), 82 as paid in full and 20 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 4 | $1.6M | $413K | $404K | 67 |
| FY2025 | 10 | $5.4M | $396K | $545K | 153 |
| FY2024 | 13 | $6.7M | $210K | $516K | 203 |
| FY2023 | 10 | $5.5M | $470K | $546K | 183 |
| FY2022 | 6 | $2.5M | $398K | $422K | 58 |
| FY2021 | 19 | $10.4M | $405K | $549K | 259 |
| FY2020 | 10 | $3.5M | $206K | $348K | 277 |
| FY2019 | 3 | $1.2M | $492K | $408K | 39 |
| FY2018 | 19 | $3.2M | $104K | $170K | 292 |
| FY2017 | 4 | $1.5M | $376K | $368K | 30 |
| FY2016 | 4 | $1,000K | $282K | $250K | 75 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 40 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Indiana | 7(a) program |
|---|---|---|---|
| Approvals in these years | 117 | 14,121 | 639,905 |
| Cancelled or never disbursed | 9 | 1,611 | 79,313 |
| Disbursed loans | 108 | 12,510 | 560,592 |
| Paid in full | 82 | 10,056 | 435,813 |
| Charged off | 6 | 714 | 36,891 |
| Still outstanding (status exempt from disclosure) | 20 | 1,740 | 87,888 |
| Charged off, share of disbursed loans | 5.6% | 5.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.9% | 2.8% | 2.5% |
| Dollars charged off | $326K | $129M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 19 | 9 | 0 | — | 2.8% |
| FY2020 | 9 | 6 | 0 | — | 4.0% |
| FY2019 | 3 | 1 | 0 | — | 6.7% |
| FY2018 | 19 | 14 | 1 | — | 7.9% |
| FY2017 | 3 | 3 | 0 | — | 7.7% |
| FY2016 | 4 | 4 | 0 | — | 7.2% |
| FY2015 | 10 | 10 | 0 | — | 6.9% |
| FY2014 | 4 | 4 | 0 | — | 6.4% |
| FY2013 | 10 | 10 | 0 | — | 6.0% |
| FY2012 | 4 | 3 | 1 | — | 6.3% |
| FY2011 | 13 | 10 | 3 | — | 6.9% |
| FY2010 | 10 | 8 | 1 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $409K | $190K |
| Average approval | $527K | $518K |
| Approvals of $150,000 or less | 20.7% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 34.5% | 34.3% |
| Approvals to franchise businesses | 29.3% | 11.5% |
| Jobs supported per approval, as reported | 14.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.6% | 6.6% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Indiana | 52 | $27.6M | 89.7% | |
| 2 | Florida | 5 | $2.4M | 8.6% | |
| 3 | Arizona | 1 | — | 1.7% |
In Indiana the lender accounts for 0.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (13 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Marion County, IN | 16 | $8.0M | 27.6% | |
| 2 | Hamilton County, IN | 15 | $10.2M | 25.9% | |
| 3 | Lee County, FL | 5 | $2.4M | 8.6% | |
| 4 | Clinton County, IN | 4 | $2.3M | 6.9% | |
| 5 | Boone County, IN | 4 | $774K | 6.9% | |
| 6 | Carroll County, IN | 3 | $1.0M | 5.2% | |
| 7 | Monroe County, IN | 2 | — | 3.4% | |
| 8 | Montgomery County, IN | 2 | — | 3.4% | |
| 9 | Johnson County, IN | 2 | — | 3.4% | |
| 10 | Grant County, IN | 2 | — | 3.4% | |
| 11 | Orange County, IN | 1 | — | 1.7% | |
| 12 | Pima County, AZ | 1 | — | 1.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 16 | 27.6% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 11 | 19.0% | |
| 3 | Retail Trade | 8 | 13.8% | |
| 4 | Accommodation and Food Services | 6 | 10.3% | |
| 5 | Other Services (except Public Administration) | 6 | 10.3% | |
| 6 | Health Care and Social Assistance | 3 | 5.2% | |
| 7 | Wholesale Trade | 2 | 3.4% | |
| 8 | Construction | 2 | 3.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 11 | 19.0% | |
| 2 | Other Miscellaneous ManufacturingNAICS 3399 | 8 | 13.8% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 10.3% | |
| 4 | Printing and Related Support ActivitiesNAICS 3231 | 4 | 6.9% | |
| 5 | Gasoline StationsNAICS 4471 | 4 | 6.9% | |
| 6 | Bakeries and Tortilla ManufacturingNAICS 3118 | 3 | 5.2% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.4% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 2 | 3.4% | |
| 9 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 2 | 3.4% | |
| 10 | Personal Care ServicesNAICS 8121 | 2 | 3.4% |
Approval sizes
- $50,000 or less6.9%4
- $50,001 to $150,00013.8%8
- $150,001 to $350,00024.1%14
- $350,001 to $1 million48.3%28
- $1 million to $2 million3.4%2
- Over $2 million3.4%2
Loan terms
- 5 years or less5.2%3
- Over 5 to 10 years79.3%46
- Over 10 to 20 years10.3%6
- Over 20 years5.2%3
Age of the businesses
- Existing, more than 2 years old36.2%21
- New business, 2 years or less10.3%6
- Startup, loan funds will open the business24.1%14
- Change of ownership29.3%17
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 45 | 77.6% | |
| 2 | SBA Express Program | 12 | 20.7% | |
| 3 | 7a General | 1 | 1.7% |
Franchise share
17 of 58 approvals in FY2021–FY2025 (29.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Fastsigns | 8 | 13.8% | |
| 2 | Star Midwest Petroleum Inc. | 2 | 3.4% | |
| 3 | Play It Again Sports | 2 | 3.4% | |
| 4 | Pirtek | 1 | 1.7% | |
| 5 | Good Oil Company, Inc. | 1 | 1.7% | |
| 6 | Empire Petroleum Partners | 1 | 1.7% | |
| 7 | Monster Tree Service | 1 | 1.7% | |
| 8 | Biggby Coffee | 1 | 1.7% |
Questions and answers
How many SBA loans does The Farmers Bank, Frankfort, Indiana make?
SBA approved 10 7(a) loans through The Farmers Bank, Frankfort, Indiana in FY2025, worth $5.4M, and 58 over FY2021 to FY2025. That ranks 461st of 2,184 active 7(a) lenders by number of approvals.
How large are The Farmers Bank, Frankfort, Indiana's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $409K and the average $527K. The program-wide median was $190K.
What is The Farmers Bank, Frankfort, Indiana's charge-off rate?
Of 108 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (5.6%), 82 as paid in full and 20 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does The Farmers Bank, Frankfort, Indiana lend to most?
By number of approvals in FY2021 to FY2025: services to buildings and dwellings (11); other miscellaneous manufacturing (8); restaurants and other eating places (6); printing and related support activities (4).
Where does The Farmers Bank, Frankfort, Indiana make SBA loans?
In 3 states and territories. Indiana 52, Florida 5, Arizona 1. In Indiana it accounts for 0.9% of all 7(a) approvals.
Is The Farmers Bank, Frankfort, Indiana's SBA lending rising?
Approvals in the three latest complete fiscal years total 33, against 35 in the three before: broadly level (-6%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error