SBAPULSE

Merchants Bank NA

Headquartered in WINONA, MN

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7(a) Lending

Gross approval amounts

FY2026 YTD Volume

$1.9M

#581 by FY2026 volume

FY2026 YTD Loans

6

$322K avg size

FY2022–FY2026 Volume

$15.5M

FY2022–FY2026 Loans

46

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

2 states, districts, and territories with activity

#
1MN3$1.5M$488K
2WI3$0.5M$157K

504 Third Party Lending

First mortgage amounts committed alongside 504 debentures

FY2026 YTD Volume

$4.7M

#339 by FY2026 volume

FY2026 YTD Loans

3

$1.6M avg size

FY2022–FY2026 Volume

$31.7M

FY2022–FY2026 Loans

25

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

1 state, districts, and territories with activity

#
1MN3$4.7M$1.6M

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