Merchants Bank of Indiana
IN
SBA-approved lender offering 6 loan programs across 25 industries.
Key Metrics
Interest Rate
8.69%
1.94% over prime
Average Loan
$1.4M
Per approval
Total Approvals
90
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
International Trade Loans
Loan Funds will Open Business
7a General
Industries Served (25)
All Other Personal ServicesAll Other Specialty Trade ContractorsArchitectural ServicesAutomotive Oil Change and Lubrication ShopsBeauty SalonsCaterersCoin-Operated Laundries and DrycleanersDrycleaning and Laundry Services (except Coin-Operated)Electrical ContractorsElementary and Secondary SchoolsExam Preparation and TutoringFitness and Recreational Sports CentersFull-Service RestaurantsFuneral Homes and Funeral ServicesHotels (except Casino Hotels) and MotelsLandscaping ServicesLimited-Service RestaurantsMachine ShopsOther Building Finishing ContractorsOther Personal Care ServicesPetroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)Private Mail CentersSolid Waste CollectionTranslation and Interpretation ServicesVeterinary Services
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.94%
- Effective Rate
- 8.69%
- Fiscal Year
- 2025
- States Served
- IN
- Website
- bankmerchants.com
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