SBAPULSE

First Merchants Bank

Headquartered in MUNCIE, IN

Compare interactively in the Lender Explorer.

7(a) Lending

Gross approval amounts

FY2026 Volume

$129.3M

#54 by FY2026 volume

FY2026 Loans

127

$1.0M avg size

FY2022–FY2026 Volume

$170.5M

FY2022–FY2026 Loans

318

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026

Low
High

Activity by State

28 states, districts, and territories with activity

#
1NY8$15.7M$2.0M
2GA6$13.5M$2.3M
3FL13$10.5M$804K
4OH7$9.0M$1.3M
5TX9$8.6M$951K
6TN5$8.5M$1.7M
7KY3$7.6M$2.5M
8PA6$7.6M$1.3M
9MI7$5.7M$819K
10IL2$4.8M$2.4M
Explore 7(a) loan-level performance

504 Third Party Lending

First mortgage amounts committed alongside 504 debentures

FY2026 Volume

$14.9M

#149 by FY2026 volume

FY2026 Loans

16

$933K avg size

FY2022–FY2026 Volume

$72.9M

FY2022–FY2026 Loans

69

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026

Low
High

Activity by State

5 states, districts, and territories with activity

#
1IN11$10.9M$995K
2TX1$1.2M$1.2M
3MI2$1.1M$557K
4NV1$1.0M$962K
5AZ1$0.7M$684K
Explore 504 loan-level performance as third party lender

Source: SBA lender activity reports, data as of Sep 30, 2026. Historical years reflect fiscal year-end figures and are not restated for subsequent acquisitions or mergers. See data sources & methodology.