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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 December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of December 31, 2025
Median
$343K
Average
$480K
Sweet Spot
$0-$500K
Industries with highest loan volume
Full-Service Restaurants
2
loans
$477K
avg. amount
Full-Service Restaurants
Loans
2
Avg. Amount
$477K
Exam Preparation and Tutoring
1
loans
$144K
avg. amount
Exam Preparation and Tutoring
Loans
1
Avg. Amount
$144K
Plumbing, Heating, and Air-Conditioning Contractors
1
loans
$1.1M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
Loans
1
Avg. Amount
$1.1M
Stationery and Office Supplies Merchant Wholesalers
1
loans
$201K
avg. amount
Stationery and Office Supplies Merchant Wholesalers
Loans
1
Avg. Amount
$201K
10-Year Default Rate
7.4%
Percentile Ranking
97th
97th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.33% |
| $500K-$1M | Prime + 2.75% |
| $1M-$2M | Prime + 2.00% |
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)