SF SourceFunding
Lender profile

Merchants Bank of Indiana

Carmel, IN lender activity from SBA current-month reports plus franchise-brand history from loan-level SBA FOIA data.

36

Current FY approved loans

$51M

Current FY approved dollars

$38M

SBA guaranty dollars

Project states with activity

  • IL: 8 loans, $12M
  • IN: 9 loans, $12M
  • CO: 2 loans, $6M
  • IA: 1 loans, $5M

Franchise systems in FOIA history

How to interpret this lender profile

Current SBA volume shows activity, not automatic fit. For a borrower, the next question is whether Merchants Bank of Indiana has activity in the project state, the expected loan-size range, and the relevant franchise or business category.

Why the biggest SBA lender is not always the best match

Use this in a funding search

If Merchants Bank of Indiana appears relevant, compare this profile against the state rankings and any brand-specific lender history before applying.

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