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First Merchants Bank is a financial holding company headquartered in Muncie, Indiana, serving customers across Indiana, Ohio, Illinois, and Michigan. The bank provides comprehensive personal and business banking services, including commercial banking, mortgage lending, treasury management, and wealth management services. As of 2023, First Merchants Corporation manages approximately $18.2 billion in total assets.
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SBA 7(a) Acquisition Loan Data As Of December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of December 31, 2025
Median
$343K
Average
$480K
Industries with highest loan volume
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All rates shown as spread over Prime Rate
This Lender
Market Average
As Of December 31, 2025 - 10-year default rate indicates underwriting quality
10-Year Default Rate
7.4%
high
Performance Ranking
97th
Lower is better among all lenders
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)