First Merchants Bank
63 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 63
- Total approved
- $83.0M
- Median loan
- $896K
- Middle half of loans
- $506K to $1.7M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 41 industries and 22 states and territories. The largest industry by count was Commercial Screen Printing (4 of 63 approvals). Texas had the highest count among recorded project locations (9).
The median approved loan was $896K versus $707K across the index for FY2024–FY2026. Differences can reflect which industries, markets and deal sizes the lender serves.
Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Commercial Screen Printing | 4 | 6% | $2.5M | $10.0M |
| 2 | Gasoline Stations with Convenience Stores | 3 | 5% | $2.0M | $5.3M |
| 3 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | 5% | $1.7M | $4.3M |
| 4 | Machine Shops | 3 | 5% | $1.3M | $3.5M |
| 5 | General Automotive Repair | 3 | 5% | $742K | $2.8M |
| 6 | Full-Service Restaurants | 3 | 5% | $508K | $1.5M |
| 7 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | 3% | $2.5M | $5.1M |
| 8 | All Other Professional, Scientific, and Technical Services | 2 | 3% | $2.0M | $3.9M |
| 9 | Limited-Service Restaurants | 2 | 3% | $1.7M | $3.4M |
| 10 | All Other Specialty Food Retailers | 2 | 3% | $1.1M | $2.1M |
| 11 | Home Health Care Services | 2 | 3% | $780K | $1.6M |
| 12 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 2 | 3% | $719K | $1.4M |
| 13 | Dairy Product (except Dried or Canned) Merchant Wholesalers | 2 | 3% | $702K | $1.4M |
| 14 | Stationery and Office Supplies Merchant Wholesalers | 2 | 3% | $113K | $226K |
| 15 | Exam Preparation and Tutoring | 2 | 3% | $80K | $159K |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Texas | 9 | 14% | $985K | $11.8M |
| 2 | New York | 8 | 13% | $1.2M | $15.7M |
| 3 | Michigan | 6 | 10% | $724K | $6.4M |
| 4 | Idaho | 6 | 10% | $608K | $6.0M |
| 5 | Florida | 4 | 6% | $832K | $6.3M |
| 6 | California | 4 | 6% | $1.2M | $4.9M |
| 7 | New Jersey | 4 | 6% | $776K | $3.4M |
| 8 | Tennessee | 3 | 5% | $2.0M | $5.9M |
| 9 | Indiana | 3 | 5% | $201K | $2.4M |
| 10 | Connecticut | 3 | 5% | $960K | $2.4M |
| 11 | Massachusetts | 2 | 3% | $590K | $1.2M |
| 12 | Illinois | 1 | 2% | $4.3M | $4.3M |
| 13 | Virginia | 1 | 2% | $3.7M | $3.7M |
| 14 | Pennsylvania | 1 | 2% | $2.3M | $2.3M |
| 15 | Nevada | 1 | 2% | $1.4M | $1.4M |