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First Merchants Bank
Indianapolis, IN · Active Lender · National rank #118
First Merchants Bank approved 73 SBA 7(a) loans in FY2025, ranking #118 nationally among SBA lenders. Its lending activity was concentrated mainly in Indiana, with additional loans in Michigan and Ohio.
First Merchants Bank, headquartered in Indianapolis, IN, is an SBA 7(a) lender according to FY2025 SBA 7(a) lender activity data. During this period, the bank approved 73 SBA 7(a) loans totaling $7,836,800 in approved dollars, with SBA guaranty dollars amounting to $4,491,950. The average loan size across these approved loans was $107,353.
Based on total loan volume, First Merchants Bank ranks #118 nationally among SBA 7(a) lenders in FY2025. The bank's lending activity is concentrated in a small number of states, with Indiana being the primary market at 53 loans, followed by Michigan with 17 loans and Ohio with 3 loans. This distribution indicates that First Merchants Bank's SBA 7(a) lending footprint is regional rather than national, serving three states in total: Indiana, Michigan, and Ohio.
These figures reflect only the SBA 7(a) loan program activity reported for FY2025 and do not include other lending products the bank may offer. No information regarding interest rates, loan terms, or approval likelihood is included here, as this profile is based strictly on the SBA's reported activity data for the fiscal year. Borrowers seeking further details on rates, terms, or eligibility should contact the lender directly, as this data set does not provide that information.
Where First Merchants Bank lends
Questions people ask
Is First Merchants Bank an SBA lender?
Yes, First Merchants Bank is an SBA 7(a) lender based on FY2025 SBA lender activity data.
How many SBA 7(a) loans did First Merchants Bank approve in FY2025?
The bank approved 73 SBA 7(a) loans in FY2025.
What was the total dollar amount of loans approved?
Approved loans totaled $7,836,800 in FY2025.
What is First Merchants Bank's average SBA loan size?
The average loan size was $107,353.
How much of the loan volume was SBA-guaranteed?
SBA guaranty dollars totaled $4,491,950 for FY2025 approved loans.
Where is First Merchants Bank headquartered?
It is headquartered in Indianapolis, IN.
Where is First Merchants Bank most active for SBA lending?
It is most active in Indiana (53 loans), followed by Michigan (17 loans) and Ohio (3 loans).
Is First Merchants Bank a national or regional SBA lender?
Based on FY2025 data, it operates as a regional lender serving Indiana, Michigan, and Ohio.
How does First Merchants Bank rank by SBA loan volume nationally?
It ranks #118 nationally among SBA 7(a) lenders in FY2025.
How many states did First Merchants Bank serve in FY2025?
It served three states: Indiana, Michigan, and Ohio.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with First Merchants Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.