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First Merchants Bank is a financial holding company headquartered in Muncie, Indiana, serving customers across Indiana, Ohio, Illinois, and Michigan. The bank provides comprehensive personal and business banking services, including commercial banking, mortgage lending, treasury management, and wealth management services. As of 2023, First Merchants Corporation manages approximately $18.2 billion in total assets.
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SBA 7(a) Acquisition Loan Data As Of June 30, 2025
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of June 30, 2025
Median
$201K
Average
$480K
All rates shown as spread over Prime Rate
This Lender
Market Average
As Of June 30, 2025 - 10-year default rate indicates underwriting quality
10-Year Default Rate
0.0%
Bottom 10% of Lenders (Highest Default Rate)
Performance Ranking
100th
Lower is better among all lenders
As Of June 30, 2025 - States by loan volume (darker blue = higher volume)
