Merchants Commercial Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Merchants Commercial Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713990 | All Other Amusement and Recreation Industries | 16 | $9.6M | $602K | 10.5% |
| 459991 | Other | 16 | $1.4M | $85K | 10.5% |
| 532284 | Other | 16 | $888K | $56K | 10.5% |
| 487210 | Scenic and Sightseeing Transportation, Water | 16 | $3.4M | $213K | 10.5% |
| 722513 | Limited-Service Restaurants | 8 | $600K | $75K | 5.3% |
| 812112 | Beauty Salons | 8 | $256K | $32K | 5.3% |
| 561790 | Other Services to Buildings and Dwellings | 8 | $1.6M | $200K | 5.3% |
| 458110 | Other | 8 | $1.2M | $150K | 5.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 8 | $4.0M | $500K | 5.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $8.5M | $1.1M | 5.3% |
Geographic Distribution
SBA lending activity for Merchants Commercial Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| VI (VI) | 144 | $39.4M | 94.7% |
| Florida (FL) | 8 | $432K | 5.3% |
Why Choose Merchants Commercial Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 152 SBA loans approved, totaling $39.8M in financing
- ✓Industry Expertise: Specialized focus on All Other Amusement and Recreation Industries, Other, Other
- ✓Competitive Terms: Average interest rate of 10.37% with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $32K to $1.1M, with an average of $262K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in VI, FL
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 Commercial Bank SBA lending
What types of businesses does Merchants Commercial Bank typically finance?
Merchants Commercial Bank specializes in SBA 7(a) lending to specific industries including all other amusement and recreation industries, other, other, scenic and sightseeing transportation, water. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Merchants Commercial Bank's typical SBA loan terms?
Merchants Commercial Bank's SBA 7(a) loans typically feature an average interest rate of 10.37% and average term length of 87 months (approximately 7 years). Loan sizes range from $32K to $1.1M, with an average loan size of $262K.
Do I need a business valuation for a Merchants Commercial Bank SBA loan?
Yes, Merchants Commercial Bank 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 Commercial Bank compare to other SBA lenders?
Merchants Commercial Bank has originated 152 SBA loans totaling $39.8M 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 Commercial Bank lend in?
Merchants Commercial Bank provides SBA 7(a) financing with particularly strong presence in VI, FL. 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.
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