451
Loans Approved
$510.5M
Total Volume
$1.1M
Avg Loan Size
37
States Served
States Served
AlabamaArkansasArizonaCaliforniaColoradoConnecticutFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyMassachusettsMarylandMichiganMinnesotaMissouriMississippiNorth CarolinaNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaSouth CarolinaTennesseeTexasUtahVirginiaWashingtonWisconsin
Top Industries Financed
- Limited-Service Restaurants
- Private Mail Centers
- Hotels (except Casino Hotels) and Motels
- Gasoline Stations with Convenience Stores
- Full-Service Restaurants
About Merchants Bank of Indiana
Merchants Bank of Indiana is an SBA-approved lender headquartered in CARMEL, Indiana. Since 2020, they have approved 451 SBA 7(a) loans totaling $510.5M, with an average loan size of $1.1M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 37 states.
Ready to Apply for an SBA Loan?
Check if you qualify in minutes — no impact to your credit score.
SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days