Loading...
Loading...
Community bank providing commercial lending, agricultural financing, and business banking services throughout Indiana with personalized service and local decision-making for business customers.
Have you worked with Merchants Bank of Indiana? Share your experience to help others.
Loading reviews...
SBA 7(a) Acquisition Loan Data As Of December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
stable
As Of December 31, 2025
Median
$867K
Average
$1.4M
Sweet Spot
$500K-$1M
Industries with highest loan volume
Private Mail Centers
10
loans
$534K
avg. amount
Private Mail Centers
Loans
10
Avg. Amount
$534K
Gasoline Stations with Convenience Stores
7
loans
$2.1M
avg. amount
Gasoline Stations with Convenience Stores
Loans
7
Avg. Amount
$2.1M
Drycleaning and Laundry Services (except Coin-Operated)
6
loans
$523K
avg. amount
Drycleaning and Laundry Services (except Coin-Operated)
Loans
6
Avg. Amount
$523K
Hotels (except Casino Hotels) and Motels
5
loans
$2.9M
avg. amount
Hotels (except Casino Hotels) and Motels
Loans
5
Avg. Amount
$2.9M
All Other Specialty Trade Contractors
3
loans
$2.0M
avg. amount
All Other Specialty Trade Contractors
Loans
3
Avg. Amount
$2.0M
General Automotive Repair
2
loans
$435K
avg. amount
General Automotive Repair
Loans
2
Avg. Amount
$435K
Limited-Service Restaurants
2
loans
$1.5M
avg. amount
Limited-Service Restaurants
Loans
2
Avg. Amount
$1.5M
Child Care Services
2
loans
$360K
avg. amount
Child Care Services
Loans
2
Avg. Amount
$360K
Flooring Contractors
2
loans
$621K
avg. amount
Flooring Contractors
Loans
2
Avg. Amount
$621K
Full-Service Restaurants
2
loans
$652K
avg. amount
Full-Service Restaurants
Loans
2
Avg. Amount
$652K
10-Year Default Rate
0.7%
Percentile Ranking
84th
84th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.05% |
| $500K-$1M | Prime + 1.93% |
| $1M-$2M | Prime + 1.55% |
| $2M-$3M | Prime + 1.86% |
| $3M-$4M | Prime + 1.63% |
| $4M-$5M | Prime + 1.50% |
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)