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Merchants & Marine Bank
PASCAGOULA, MS · Active Lender · National rank #198
Merchants & Marine Bank approved 40 SBA 7(a) loans in FY2025, ranking #198 nationally among SBA lenders, with an average loan size of $323,648 and its heaviest activity in Florida and Texas.
Merchants & Marine Bank is a bank headquartered in Pascagoula, MS that participates in the SBA 7(a) loan program. According to FY2025 SBA 7(a) lender activity data, Merchants & Marine Bank approved 40 SBA 7(a) loans totaling $12,945,900 in gross approved dollars during the fiscal year. Of that amount, $9,394,425 was backed by SBA guaranty. The average loan size across these approvals was $323,648.
Nationally, Merchants & Marine Bank ranked #198 by SBA 7(a) loan volume among all participating lenders in FY2025. While headquartered in Mississippi, the bank's FY2025 SBA lending activity shows significant reach beyond its home state, with the highest loan counts recorded in Florida (10 loans) and Texas (10 loans), followed by Georgia (6 loans). In total, the bank's FY2025 SBA 7(a) activity spanned ten states: Florida, Texas, Georgia, Mississippi, Tennessee, Illinois, North Carolina, Pennsylvania, Alabama, and Indiana.
This profile reflects only FY2025 SBA 7(a) lender activity data as reported through the SBA. It does not include information on interest rates, loan terms, underwriting criteria, or likelihood of approval, none of which are available in the source data. Borrowers seeking further detail on rates or eligibility should contact the lender directly, as such specifics fall outside the scope of this dataset.
Where Merchants & Marine Bank lends
| State | Loans | Dollars |
|---|---|---|
| Florida | 10 | $2,810,600 |
| Texas | 10 | $2,748,100 |
| Georgia | 6 | $1,894,800 |
| Mississippi | 2 | $1,593,400 |
| Tennessee | 2 | $1,540,100 |
| Illinois | 2 | $640,500 |
| North Carolina | 2 | $547,500 |
| Pennsylvania | 2 | $431,600 |
| Alabama | 2 | $384,300 |
| Indiana | 2 | $355,000 |
Questions people ask
Is Merchants & Marine Bank an SBA lender?
Yes, Merchants & Marine Bank participated in the SBA 7(a) loan program and approved loans in FY2025 according to SBA activity data.
How many SBA 7(a) loans did Merchants & Marine Bank approve in FY2025?
The bank approved 40 SBA 7(a) loans in FY2025.
What was the total dollar amount of loans approved?
Approved loans totaled $12,945,900 in gross dollars, with $9,394,425 covered by SBA guaranty.
What is Merchants & Marine Bank's average SBA loan size?
The average loan size in FY2025 was $323,648.
Where is Merchants & Marine Bank headquartered?
The bank is headquartered in Pascagoula, MS.
Where is Merchants & Marine Bank most active with SBA lending?
Its top states by loan count in FY2025 were Florida (10 loans), Texas (10 loans), and Georgia (6 loans).
Is Merchants & Marine Bank a national or regional SBA lender?
Based on FY2025 data showing activity across ten states including several outside its home region, it functions more as a multi-state lender rather than a strictly local one.
How does Merchants & Marine Bank rank by SBA loan volume nationally?
It ranked #198 among SBA 7(a) lenders nationally in FY2025.
How many states did Merchants & Marine Bank serve in FY2025?
The bank's SBA 7(a) activity spanned ten states: FL, TX, GA, MS, TN, IL, NC, PA, AL, and IN.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Merchants & Marine Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.