Merchants Bank
RUGBY, ND 58368
States Served
Top Industries Financed
- Drinking Places (Alcoholic Beverages)
- Lessors of Other Real Estate Property
Quick Summary
Merchants Bank is an SBA-approved lender headquartered in RUGBY, North Dakota. Since 2020, they have approved 2 SBA 7(a) loans totaling $568K, with an average loan size of $284K. They primarily serve North Dakota businesses.
About Merchants Bank
Merchants Bank is an SBA-approved lender headquartered in RUGBY, North Dakota. Since 2020, they have approved 2 SBA 7(a) loans totaling $568K, with an average loan size of $284K. They primarily serve businesses in North Dakota.
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Frequently Asked Questions
Is Merchants Bank an SBA Preferred Lender?
Merchants Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Merchants Bank approved?
According to SBA FOIA public records, Merchants Bank has approved 2 SBA 7(a) loans totaling $568K since 2020. Their average loan size is $284K.
What states does Merchants Bank serve?
Merchants Bank primarily serves businesses in North Dakota.
How do I apply for an SBA loan with Merchants Bank?
To apply for an SBA 7(a) loan with 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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