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First Merchants Bank

Indianapolis, IN 46240

⭐ SBA Preferred Lender
250
Loans Approved
$79.2M
Total Volume
$317K
Avg Loan Size
11
States Served

States Served

IllinoisIndianaKansasMarylandMichiganNew JerseyNew YorkOhioOklahomaTennesseeTexas

Top Industries Financed

  • Full-Service Restaurants
  • Residential Remodelers
  • Plumbing, Heating, and Air-Conditioning Contractors
  • Landscaping Services
  • Janitorial Services

Quick Summary

First Merchants Bank is an SBA-approved lender headquartered in Indianapolis, Indiana. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 250 SBA 7(a) loans totaling $79.2M, with an average loan size of $317K. They serve businesses across 11 states.

About First Merchants Bank

First Merchants Bank is an SBA-approved lender headquartered in Indianapolis, Indiana. Since 2020, they have approved 250 SBA 7(a) loans totaling $79.2M, with an average loan size of $317K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 11 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First Merchants Bank an SBA Preferred Lender?

Yes, First Merchants Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has First Merchants Bank approved?

According to SBA FOIA public records, First Merchants Bank has approved 250 SBA 7(a) loans totaling $79.2M since 2020. Their average loan size is $317K.

What states does First Merchants Bank serve?

First Merchants Bank serves businesses in 11 states: Illinois, Indiana, Kansas, Maryland, Michigan, New Jersey, New York, Ohio, Oklahoma, Tennessee, Texas.

How do I apply for an SBA loan with First Merchants Bank?

To apply for an SBA 7(a) loan with First Merchants Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days