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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 March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
expanding
As Of March 31, 2026
Median
$958K
Average
$1.3M
Sweet Spot
$500K-$1M
Industries with highest loan volume
Full-Service Restaurants
8
loans
$957K
avg. amount
Full-Service Restaurants
8
loans
$957K
avg
Plumbing, Heating, and Air-Conditioning Contractors
2
loans
$1.8M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
2
loans
$1.8M
avg
Electronic and Precision Equipment Repair and Maintenance
2
loans
$625K
avg. amount
Electronic and Precision Equipment Repair and Maintenance
2
loans
$625K
avg
All Other Professional, Scientific, and Technical Services
2
loans
$2.0M
avg. amount
All Other Professional, Scientific, and Technical Services
2
loans
$2.0M
avg
Charter Bus Industry
1
loans
$3.0M
avg. amount
Charter Bus Industry
1
loans
$3.0M
avg
Residential Remodelers
1
loans
$1.2M
avg. amount
Residential Remodelers
1
loans
$1.2M
avg
Computer Systems Design Services
1
loans
$765K
avg. amount
Computer Systems Design Services
1
loans
$765K
avg
Insurance Agencies and Brokerages
1
loans
$480K
avg. amount
Insurance Agencies and Brokerages
1
loans
$480K
avg
Beauty Salons
1
loans
$395K
avg. amount
Beauty Salons
1
loans
$395K
avg
Limited-Service Restaurants
1
loans
$2.2M
avg. amount
Limited-Service Restaurants
1
loans
$2.2M
avg
10-Year Default Rate
2.8%
Percentile Ranking
92th
92th percentile
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.30% |
| $500K-$1M | Prime + 2.60% |
| $1M-$2M | Prime + 2.57% |
| $2M-$3M | Prime + 2.13% |
| $3M-$4M | Prime + 2.75% |
| $4M-$5M | Prime + 2.50% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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