Bank · Carmel, IN
Merchants Bank of Indiana
Made 75 SBA 7(a) change-of-ownership loans totaling $107.7M in FY2024 to FY2026: #44 of 1,054 lenders by loans and #36 by dollars. Lends in 21 states. Part of Merchants Bcorp.
#44by loans, FY24–26
75loans
$107.7Mapproved
$810Kmedian 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 | 13 | $13.1M | $619K | 0.2% |
| FY2025 | 32 | $50.0M | $950K | 0.5% |
| FY2026 | 30 | $44.6M | $1.0M | 0.4% |
Loan size
Deal size mix
44% of its loans were $1M or more.
- Under $350K12 loans · 16% · $2.8M
- $350K to $1M30 loans · 40% · $17.9M
- $1M to $2M11 loans · 15% · $14.5M
- $2M to $5M22 loans · 29% · $72.5M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Administrative & Support, Waste Mgmt | 18 | $12.8M |
| Retail Trade | 12 | $21.1M |
| Accommodation & Food Services | 12 | $31.4M |
| Other Services | 10 | $9.1M |
| Manufacturing | 6 | $9.1M |
| Wholesale Trade | 6 | $11.4M |
| Construction | 5 | $5.1M |
| Mining, Quarrying, Oil & Gas | 2 | $1.9M |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Illinois | 17 | $29.4M |
| Texas | 11 | $14.4M |
| Florida | 9 | $7.1M |
| Indiana | 6 | $7.8M |
| California | 5 | $8.1M |
| Michigan | 4 | $6.3M |
| Wisconsin | 3 | $8.9M |
| Ohio | 2 | $5.9M |
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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