Merchants Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Merchants Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 56 | $20.7M | $370K | 13.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 32 | $8.6M | $267K | 7.8% |
| 811111 | General Automotive Repair | 24 | $8.7M | $363K | 5.9% |
| 458110 | Other | 24 | $4.7M | $196K | 5.9% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $11.0M | $685K | 3.9% |
| 621310 | Offices of Chiropractors | 16 | $2.6M | $161K | 3.9% |
| 237130 | Power and Communication Line and Related Structures Construction | 16 | $12.7M | $795K | 3.9% |
| 238210 | Electrical Contractors | 16 | $1.4M | $90K | 3.9% |
| 238160 | Roofing Contractors | 16 | $2.3M | $145K | 3.9% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 16 | $1.0M | $63K | 3.9% |
Geographic Distribution
SBA lending activity for Merchants Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 296 | $122.7M | 72.5% |
| Wisconsin (WI) | 112 | $19.9M | 27.5% |
Why Choose Merchants Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 408 SBA loans approved, totaling $142.6M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Snack and Nonalcoholic Beverage Bars, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 7.21% with flexible term lengths averaging 125 months
- ✓Loan Range: Loan sizes from $20K to $2.9M, with an average of $349K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, WI
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Merchants Bank, National Association SBA lending
What types of businesses does Merchants Bank, National Association typically finance?
Merchants Bank, National Association specializes in SBA 7(a) lending to specific industries including limited-service restaurants, snack and nonalcoholic beverage bars, general automotive repair, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Merchants Bank, National Association's typical SBA loan terms?
Merchants Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 7.21% and average term length of 125 months (approximately 10 years). Loan sizes range from $20K to $2.9M, with an average loan size of $349K.
Do I need a business valuation for a Merchants Bank, National Association SBA loan?
Yes, Merchants Bank, National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Merchants Bank, National Association compare to other SBA lenders?
Merchants Bank, National Association has originated 408 SBA loans totaling $142.6M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Merchants Bank, National Association lend in?
Merchants Bank, National Association provides SBA 7(a) financing with particularly strong presence in MN, WI. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.