SBAPULSE

First Merchants Bank

Headquartered in MUNCIE, IN

Compare interactively in the Lender Explorer.

7(a) Lending

Gross approval amounts

FY2026 YTD Volume

$107.1M

#51 by FY2026 volume

FY2026 YTD Loans

101

$1.1M avg size

FY2022–FY2026 Volume

$148.4M

FY2022–FY2026 Loans

292

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026 YTD

Low
High

Activity by State

27 states, districts, and territories with activity

#
1NY7$15.1M$2.2M
2GA4$10.8M$2.7M
3TX8$7.8M$970K
4KY3$7.6M$2.5M
5FL9$7.3M$809K
6PA5$6.5M$1.3M
7MI6$5.7M$947K
8OH5$4.9M$987K
9IL2$4.8M$2.4M
10NJ5$3.9M$783K
Explore 7(a) loan-level performance

504 Third Party Lending

First mortgage amounts committed alongside 504 debentures

FY2026 YTD Volume

$10.3M

#181 by FY2026 volume

FY2026 YTD Loans

12

$857K avg size

FY2022–FY2026 Volume

$68.2M

FY2022–FY2026 Loans

65

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026 YTD

Low
High

Activity by State

5 states, districts, and territories with activity

#
1IN7$6.4M$919K
2MI2$1.1M$557K
3TX1$1.1M$1.1M
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 Jul 31, 2026. Historical years reflect fiscal year-end figures and are not restated for subsequent acquisitions or mergers. See data sources & methodology.