Merchants Bank of Indiana
80 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 80
- Total approved
- $114.8M
- Median loan
- $812K
- Middle half of loans
- $408K to $2.3M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 37 industries and 22 states and territories. The largest industry by count was Private Mail Centers (11 of 80 approvals). Illinois had the highest count among recorded project locations (18).
The median approved loan was $812K 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 | Private Mail Centers | 11 | 14% | $520K | $6.1M |
| 2 | Hotels (except Casino Hotels) and Motels | 9 | 11% | $2.6M | $27.9M |
| 3 | Drycleaning and Laundry Services (except Coin-Operated) | 6 | 8% | $376K | $2.4M |
| 4 | Machine Shops | 4 | 5% | $1.8M | $7.4M |
| 5 | Landscaping Services | 4 | 5% | $835K | $3.9M |
| 6 | Gasoline Stations with Convenience Stores | 3 | 4% | $1.7M | $7.7M |
| 7 | Poured Concrete Foundation and Structure Contractors | 3 | 4% | $773K | $2.0M |
| 8 | Shoe Retailers | 3 | 4% | $584K | $1.6M |
| 9 | Funeral Homes and Funeral Services | 2 | 2% | $2.6M | $5.1M |
| 10 | Farm Supplies Merchant Wholesalers | 2 | 2% | $2.3M | $4.7M |
| 11 | Full-Service Restaurants | 2 | 2% | $1.6M | $3.2M |
| 12 | Home Furnishing Merchant Wholesalers | 2 | 2% | $1.4M | $2.8M |
| 13 | Outdoor Power Equipment Retailers | 2 | 2% | $974K | $1.9M |
| 14 | Support Activities for Metal Mining | 2 | 2% | $934K | $1.9M |
| 15 | Recyclable Material Merchant Wholesalers | 2 | 2% | $853K | $1.7M |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Illinois | 18 | 22% | $1.2M | $29.8M |
| 2 | Florida | 12 | 15% | $730K | $11.3M |
| 3 | Texas | 11 | 14% | $773K | $14.4M |
| 4 | Indiana | 6 | 8% | $610K | $7.8M |
| 5 | California | 5 | 6% | $2.1M | $8.1M |
| 6 | Michigan | 4 | 5% | $839K | $6.3M |
| 7 | Wisconsin | 3 | 4% | $3.8M | $8.9M |
| 8 | Ohio | 2 | 2% | $3.0M | $5.9M |
| 9 | Minnesota | 2 | 2% | $934K | $1.9M |
| 10 | New York | 2 | 2% | $853K | $1.7M |
| 11 | Pennsylvania | 2 | 2% | $564K | $1.1M |
| 12 | South Carolina | 2 | 2% | $550K | $1.1M |
| 13 | Kentucky | 2 | 2% | $445K | $890K |
| 14 | Iowa | 1 | 1% | $5.0M | $5.0M |
| 15 | Maryland | 1 | 1% | $2.6M | $2.6M |