Top Industries Financed
- Limited-Service Restaurants
- Snack and Nonalcoholic Beverage Bars
- General Automotive Repair
- All Other Specialty Trade Contractors
- Offices of Chiropractors
Quick Summary
Merchants Bank, National Association is an SBA-approved lender headquartered in WINONA, Minnesota. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 51 SBA 7(a) loans totaling $17.8M, with an average loan size of $349K. They serve businesses across 2 states.
About Merchants Bank, National Association
Merchants Bank, National Association is an SBA-approved lender headquartered in WINONA, Minnesota. Since 2020, they have approved 51 SBA 7(a) loans totaling $17.8M, with an average loan size of $349K. 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 2 states.
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Frequently Asked Questions
Is Merchants Bank, National Association an SBA Preferred Lender?
Yes, Merchants Bank, National Association 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 Merchants Bank, National Association approved?
According to SBA FOIA public records, Merchants Bank, National Association has approved 51 SBA 7(a) loans totaling $17.8M since 2020. Their average loan size is $349K.
What states does Merchants Bank, National Association serve?
Merchants Bank, National Association serves businesses in 2 states: Minnesota, Wisconsin.
How do I apply for an SBA loan with Merchants Bank, National Association?
To apply for an SBA 7(a) loan with Merchants Bank, National Association, 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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