Bank · Muncie, IN
First Merchants Bank
Made 61 SBA 7(a) change-of-ownership loans totaling $78.0M in FY2024 to FY2026: #63 of 1,054 lenders by loans and #56 by dollars. Lends in 22 states. Part of First Merchants Corp.
#63by loans, FY24–26
61loans
$78.0Mapproved
$896Kmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 12 | $13.5M | $619K | 0.2% |
| FY2025 | 20 | $22.8M | $794K | 0.3% |
| FY2026 | 29 | $41.7M | $1.0M | 0.4% |
Loan size
Deal size mix
43% of its loans were $1M or more.
- Under $350K6 loans · 10% · $815K
- $350K to $1M29 loans · 48% · $18.6M
- $1M to $2M13 loans · 21% · $17.7M
- $2M to $5M13 loans · 21% · $40.9M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Retail Trade | 11 | $17.5M |
| Construction | 8 | $13.3M |
| Other Services | 8 | $9.4M |
| Wholesale Trade | 7 | $7.2M |
| Accommodation & Food Services | 6 | $5.8M |
| Manufacturing | 5 | $8.5M |
| Professional, Scientific & Technical Services | 5 | $9.3M |
| Health Care & Social Assistance | 4 | $2.7M |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Texas | 9 | $11.8M |
| Idaho | 6 | $6.0M |
| Michigan | 6 | $6.4M |
| New York | 6 | $10.7M |
| Florida | 4 | $6.3M |
| California | 4 | $4.9M |
| New Jersey | 4 | $3.4M |
| Indiana | 3 | $2.4M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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