US Lender Metrics
    Get a Lender Match
    Home › Lender directory › Merchants Bank
    Bank · Winona, MN

    Merchants Bank: SBA lending profile

    Merchants Bank, National Association · SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026 · Lender website
    46
    SBA loans approved
    $15.5M
    Total approved
    $152,500
    Median loan
    2
    States lent in
    50%
    To startups
    #587
    National rank by loans

    Merchants Bank approved 46 SBA loans worth $15.5M between October 2021 and June 2026, ranking #587 of 2,283 SBA lenders nationally by loan count. Its median loan was $152,500, and 50% went to startups or businesses under two years old. It lent in 2 states, most often in Minnesota, and its most financed industry was restaurants and hotels.

    SBA loans per fiscal year

    0102030FY14: 29 loansFY1429FY15: 24 loansFY15FY16: 12 loansFY16FY17: 19 loansFY17FY18: 12 loansFY18FY19: 8 loansFY19FY20: 4 loansFY20FY21: 6 loansFY21FY22: 10 loansFY22FY23: 5 loansFY23FY24: 16 loansFY24FY25: 9 loansFY25FY26 (Oct to Jun): 6 loansFY266
    Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

    Where Merchants Bank lends

    StateLoansApprovedMedian loanRank in state
    Minnesota33$13.9M$161,200#48
    Wisconsin13$1.6M$73,900#65

    Industries Merchants Bank finances

    IndustryLoansShareMedian loan
    Restaurants and hotels11
    24%
    		$146,500
    Construction10
    22%
    		$152,500
    Retail6
    13%
    		$277,500
    Other services (repair, personal care)5
    11%
    		$253,800
    Health care and social assistance4
    9%
    		$230,600
    Arts, entertainment and recreation2
    4%
    		$685,200
    Wholesale trade2
    4%
    		$69,200
    Transportation and warehousing2
    4%
    		$62,500
    Information and media1
    2%
    		$100,000
    Real estate and rental1
    2%
    		$51,400
    Loan size mix
    • Under $150,00048%
    • $150,000 to $500,00035%
    • $500,000 to $2 million15%
    • $2 million and up2%
    Loan programs used
    • Preferred Lender (PLP)63%
    • SBA Express30%
    • Standard 7(a)7%
    SBA Lenders by StateLender DirectoryLender MatchMethodologyAboutPrivacyTermsDisclaimerContact
    Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.