Merchants & Marine Bank approved 86 SBA loans worth $47.6M between October 2021 and June 2026, ranking #398 of 2,283 SBA lenders nationally by loan count. Its median loan was $290,400, and 50% went to startups or businesses under two years old. It lent in 14 states, most often in Texas, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Texas | 21 | $11.3M | $204,600 | #145 |
| Mississippi | 15 | $5.6M | $251,600 | #23 |
| Florida | 14 | $8.0M | $488,750 | #129 |
| Georgia | 10 | $2.6M | $199,850 | #114 |
| Alabama | 8 | $4.9M | $354,650 | #50 |
| Tennessee | 6 | $4.4M | $268,250 | #74 |
| Pennsylvania | 2 | $432K | $215,800 | #169 |
| Indiana | 2 | $355K | $177,500 | #145 |
| Illinois | 2 | $640K | $320,250 | #185 |
| North Carolina | 2 | $548K | $273,750 | #155 |
| Arkansas | 1 | $317K | $317,200 | #95 |
| Louisiana | 1 | $3.0M | $3,040,000 | #115 |
| Ohio | 1 | $5.0M | $4,995,000 | #211 |
| Virginia | 1 | $600K | $600,000 | #172 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 22 | $370,450 | |
| Retail | 18 | $256,800 | |
| Construction | 11 | $255,000 | |
| Other services (repair, personal care) | 9 | $286,500 | |
| Health care and social assistance | 8 | $316,500 | |
| Transportation and warehousing | 4 | $325,750 | |
| Professional and technical services | 3 | $204,600 | |
| Real estate and rental | 3 | $259,500 | |
| Administrative and support services | 2 | $210,000 | |
| Arts, entertainment and recreation | 2 | $268,000 |