Merchants Bank of Indiana
Based in IN512 SBA loans totaling $552.5M.
Total Loans
512
1992–2025
Total Volume
$552.5M
Gross approval amount
Avg Loan Size
$1.1M
Median: $671K
Avg Interest Rate
7.73%
Default Rate
0.7%
States Served
37
Merchants Bank of Indiana — Annual Lending Volume
Merchants Bank of Indiana — Annual Lending Volume from 2007 to 2025
Merchants Bank of Indiana — Annual Loan Count
Merchants Bank of Indiana — Annual Loan Count from 2007 to 2025
Where They Lend
Where They Lend with 15 categories
What They Lend For
What They Lend For with 10 categories
Loan Size Distribution
Loan Size Distribution with 7 categories
Loan Outcomes
Loan Outcomes showing Active: 64.3%, Paid in Full: 23%, Charged Off: 0.6%, Cancelled: 7.6%, Committed: 4.5%
Active64.3%
Paid in Full23%
Charged Off0.6%
Cancelled7.6%
Committed4.5%
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