First Merchants Bank
IN
SBA-approved lender offering 7 loan programs across 31 industries.
Key Metrics
Interest Rate
10.47%
3.72% over prime
Average Loan
$107K
Per approval
Total Approvals
73
FY 2025
Loan Programs (7)
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
SBA Express Program
Change of Ownership
Fixed Rates
Industries Served (31)
Administrative Management and General Management Consulting ServicesAll Other Professional, Scientific, and Technical ServicesChild Day Care ServicesCommercial Screen PrintingCommercial and Institutional Building ConstructionCouriersExterminating and Pest Control ServicesFine Arts SchoolsFull-Service RestaurantsFuneral Homes and Funeral ServicesGeneral Automotive RepairGeneral Freight Trucking, Long Distance, TruckloadGlass and Glazing ContractorsHome Health Care ServicesInterior Design ServicesJanitorial ServicesLandscape Architectural ServicesLandscaping ServicesLimited-Service RestaurantsLocksmithsMasonry ContractorsMotor Vehicle Transmission and Power Train Parts ManufacturingNail SalonsNew Car DealersNew Single-Family Housing Construction (except Operative Builders)Offices of DentistsOther Building Finishing ContractorsPainting and Wall Covering ContractorsResidential RemodelersRoofing ContractorsSports and Recreation Instruction
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 3.72%
- Effective Rate
- 10.47%
- Fiscal Year
- 2025
- States Served
- IN
- Website
- www.firstmerchants.com
Ready to apply with First Merchants Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.