Main Street Registry

Merchants Bank of Indiana: SBA loans in this registry

54companies
55loans
$104.3Mtotal approved
$1.9Maverage loan

About this lender

Type
Bank
Headquarters
Carmel, IN
FDIC certificate number
8056
Total assets
$21.2 billion (as of June 30, 2026)
Established
1923
Offices
8
Website
www.bankmerchants.com
Acquisition loans (7(a))
53 loans, $100.9M total, $1.9M average
Expansion loans (504, SBA portion)
2 loans, $3.3M total, $1.7M average
Approval dates
Dec 4, 2023 to Sep 28, 2026
Typical term (median)
acquisition loans: 10 years; expansion loans: 25 years
Initial interest rate (7(a))
7.75% to 10.75%, median 9.25%
Rate type (7(a))
100% variable, 0% fixed

Top industries

Top states

Largest deals

Lender details come from the SBA loan files and the FDIC BankFind service. Counts cover loans on this site only.

Companies

Use search to find others.

CompanyLocationIndustryTypeLatest approvalApproved
BB Harris LLCAlexandria, VAPrivate Mail CentersAcquisitionSep 28, 2026$760K
Verdantec Lifecycle Corp.Glenmont, NYRecyclable Material Merchant WholesalersAcquisitionSep 25, 2026$1.5M
Tynis Concrete, Inc.Marengo, ILPoured Concrete Foundation and Structure ContractorsAcquisitionSep 25, 2026$1.0M
Improving Strides LLCMaitland, FLShoe RetailersAcquisitionSep 15, 2026$650K
Roberts Family Boots LLCClarksville, INShoe RetailersAcquisitionSep 15, 2026$584K
Dustydumpsters, LLCIndianapolis, INSolid Waste CollectionAcquisitionSep 8, 2026$1.4M
Armitage Market Inc.Chicago, ILSupermarkets and Other Grocery Retailers (except Convenience Retailers)AcquisitionAug 25, 2026$3.3M
Applied Fabricators, Inc.Greenfield, INAll Other Specialty Trade ContractorsExpansionAug 24, 2026$1.6M
P1 Hospitality LLCLa Mesa, CAHotels (except Casino Hotels) and MotelsAcquisitionAug 24, 2026$2.6M
Sbno Maytex Corporation,Hayward, CAMedical, Dental, and Hospital Equipment and Supplies Merchant WholesalersAcquisitionAug 7, 2026$2.3M
Shree Yamunaji Solutions LLCSimpsonville, SCPrivate Mail CentersAcquisitionJul 27, 2026$740K
Devaki LLCNapoleon, OHHotels (except Casino Hotels) and MotelsAcquisitionJul 17, 2026$3.3M
M6 Hotel Company LLCSan Antonio, TXHotels (except Casino Hotels) and MotelsAcquisitionJun 18, 2026$5.0M
Butcherman's LLCRoyse City, TXMeat RetailersAcquisitionJun 17, 2026$1.2M
CK Landscapes LLCFort Lauderdale, FLLandscaping ServicesAcquisitionMay 19, 2026$1.0M
NW Landscapes LLCFort Lauderdale, FLLandscaping ServicesAcquisitionMay 19, 2026$640K
Girdhar Hotels LLCPeoria, ILHotels (except Casino Hotels) and MotelsAcquisitionApr 2, 2026$2.6M
Kimbrell Manufacturing CorporationGarland, TXMachine ShopsAcquisitionFeb 17, 2026$3.5M
Japenga Furnishings Inc.Coralville, IAFurniture RetailersAcquisitionJan 16, 2026$5.0M
Super Bird Creations, LLCGrand Junction, CODoll, Toy, and Game ManufacturingAcquisitionJan 16, 2026$1.1M
DG Supply, LLCChisholm, MNSupport Activities for Metal MiningAcquisitionDec 23, 2025$1.3M
Bck, LLCChisholm, MNSupport Activities for Metal MiningAcquisitionDec 23, 2025$552K
Ship It Good PS Inc.Palm Springs, CAPrivate Mail CentersAcquisitionNov 25, 2025$550K
Greenfield Capital Partners LLCFort Lauderdale, FLLandscaping ServicesAcquisitionNov 17, 2025$2.1M
J. FIELDS CLEANERS, Inc.Rancho Santa Margarita, CADrycleaning and Laundry Services (except Coin-Operated)AcquisitionSep 30, 2025$550K
Celtic Environmental Services LLCChicago Ridge, ILRemediation ServicesAcquisitionSep 29, 2025$1.2M
Southwest Perimeter Solutions LLCAlbuquerque, NMAll Other Specialty Trade ContractorsAcquisitionSep 26, 2025$2.3M
Manasvi Hospitality LLCSchaumburg, ILHotels (except Casino Hotels) and MotelsAcquisitionSep 25, 2025$5.0M
Dhanya Enterprises Inc.Loves Park, ILGasoline Stations with Convenience StoresAcquisitionSep 25, 2025$1.7M
Rbs Hospitality Inc.Mount Pleasant, WIHotels (except Casino Hotels) and MotelsAcquisitionSep 23, 2025$3.8M
Elite Baseball Training LLCCaledonia, WIFitness and Recreational Sports CentersExpansionAug 26, 2025$1.7M
Ground Floor Ventures LLCBoynton Beach, FLOther Building Finishing ContractorsAcquisitionAug 13, 2025$834K
DF Seeds, LLCSaint Johns, MIFarm Supplies Merchant WholesalersAcquisitionJul 28, 2025$4.7M
East Peoria 1008 LLCEast Peoria, ILHotels (except Casino Hotels) and MotelsAcquisitionMay 27, 2025$2.1M
Navistar Global, LLCOak Lawn, ILMachine ShopsAcquisitionMay 21, 2025$3.3M
Diamond Hospitality LLCLansing, ILHotels (except Casino Hotels) and MotelsAcquisitionApr 9, 2025$2.6M
Durbins of Midlothian Inc.Midlothian, ILFull-Service RestaurantsAcquisitionApr 7, 2025$660K
Bcsb Investments, Inc.Dallas, TXOutdoor Power Equipment RetailersAcquisitionMar 25, 2025$1.8M
princegeorgevet, LLCHyattsville, MDVeterinary ServicesAcquisitionMar 12, 2025$2.6M
AAA CG Travel Center, Inc.Cedar Grove, WIGasoline Stations with Convenience StoresAcquisitionJan 29, 2025$4.8M
Justice Ventures Inc.Lewiston, IDPrivate Mail CentersAcquisitionJan 29, 2025$520K
TRM Support Ltd.Chillicothe, OHPetroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)AcquisitionJan 22, 2025$2.7M
Exceed G1 LLCSacramento, CALimited-Service RestaurantsAcquisitionDec 23, 2024$2.1M
Austin Legacy Holdings LLCAustin, TXPoured Concrete Foundation and Structure ContractorsAcquisitionDec 23, 2024$773K
Sggf Gas and Food LLCSchiller Park, ILGasoline Stations with Convenience StoresAcquisitionDec 12, 2024$1.2M
Innovaire Holdings Corp.San Antonio, TXBeauty SalonsAcquisitionDec 5, 2024$1000K
Crestview Inn Ssm LLCSault Sainte Marie, MIHotels (except Casino Hotels) and MotelsAcquisitionDec 3, 2024$900K
Yono Investments Management LLCShelby Township, MIDrinking Places (Alcoholic Beverages)AcquisitionAug 21, 2024$778K
Dakiya CorpPittsburgh, PAPrivate Mail CentersAcquisitionJul 26, 2024$813K
Amandum Vitam CorporationDeland, FLGeneral Automotive RepairAcquisitionJun 21, 2024$619K
JW Chicago LLCWauconda, ILSpecial Needs TransportationAcquisitionJun 17, 2024$2.9M
Artd 2020 L.L.C.Port Charlotte, FLPrivate Mail CentersAcquisitionJun 3, 2024$810K
Bozell APW Enterprises, Inc.Anderson, INFuneral Homes and Funeral ServicesAcquisitionMay 29, 2024$4.7M
Fruition Factory LLCMishawaka, INCommercial Screen PrintingAcquisitionDec 4, 2023$636K