SBA Lending by First Merchants Bank
First Merchants Bank is an active SBA 7(a) lender, ranked #97 nationally by all-time volume, with 2,197 approved 7(a) loans worth $1.3B on record.
- 2,197
- 7(a) loans made
- $1.3B
- Approved dollars
- $575,873
- Average loan size
- #97
- Rank, all-time volume
- #51
- Rank, volume since 2020
- 0.3%
- Share of U.S. 7(a) since 2020
- +13%
- Annualized vs prior decade
- 7.5%
- Active-loan distress
- 43%
- Made under PLP authority
Between 1991 and mid-2026, First Merchants Bank approved 2,197 SBA 7(a) loans worth $1.3B across the country, at an average of $575,873 per loan. That places it #97 among all U.S. SBA 7(a) lenders. About 43% were written under Preferred Lender (PLP) authority, and 7.5% of its book is currently delinquent, past due, or in liquidation.
Where First Merchants Bank lends most
What First Merchants Bank funds most
Compare every lender, drill any state to the zip level, and shade the map by volume, growth, or distress.
Open the interactive map ↗7(a) loans only, approved and not cancelled, gross basis. Distress is the current share of the active book in delinquent, past-due, or liquidation status. Approval is not funding. FOIA record as of March 31, 2026. No borrower identity appears here.