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Merchants Bank is a community bank founded in 1875 in Winona, Minnesota, serving customers in Minnesota and Wisconsin with FDIC-insured deposit accounts, business and agricultural loans, mortgages, wealth management, and digital banking services across 22+ branches.
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SBA 7(a) Acquisition Loan Data As Of December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of December 31, 2025
Median
$461K
Average
$733K
Sweet Spot
$0-$500K
Industries with highest loan volume
Clothing and Clothing Accessories Retailers
2
loans
$270K
avg. amount
Clothing and Clothing Accessories Retailers
Loans
2
Avg. Amount
$270K
Fitness and Recreational Sports Centers
2
loans
$685K
avg. amount
Fitness and Recreational Sports Centers
Loans
2
Avg. Amount
$685K
Roofing Contractors
1
loans
$271K
avg. amount
Roofing Contractors
Loans
1
Avg. Amount
$271K
Radio Broadcasting Stations
1
loans
$100K
avg. amount
Radio Broadcasting Stations
Loans
1
Avg. Amount
$100K
Plumbing, Heating, and Air-Conditioning Contractors
1
loans
$2.9M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
Loans
1
Avg. Amount
$2.9M
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 0.50% |
| $500K-$1M | Prime + 0.50% |
| $2M-$3M | Prime + 1.25% |
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)