Merchants Bank SBA Team Sees Continued Success in 2022

Is a lack of funding preventing you from taking the next steps on your small business journey? A loan from the U.S. Small Business Administration (SBA) may be the answer. If your business needs to purchase equipment, refinance debt, or needs an influx of working capital, the SBA team at Merchants Bank of Indiana (MBI) is here and ready to assist.

SBA loans are a great option for small business owners and guarantee a portion of the funds borrowed. That guarantee allows banks like ours to extend more favorable loan terms and lend to businesses that may not be able to borrow money conventionally. SBA loans also offer longer repayment terms, some up to 25 years, allowing the borrower to conserve more cash up front. 

Window sign we are open

Merchants’ SBA lending division is a viable partner to most any small business owner, regardless of location, industry or size. Throughout the first quarter of 2022, our talented SBA team has shown the strength of our services, providing loans totaling more than $35 million to various businesses across the country.

Some of our recent loans were secured for businesses located from sea to shining sea, including:

  • A $2.8 million loan to a hotel franchisor for use at a single location in Illinois;
  • A $4.6 million loan to a hotel franchisor in Texas planning to use the loan in two different locations;
  • A $2.2 million loan to a family-owned cabinetry company that has been servicing the West Coast for over 40 years; among many others.

Several other of our loans showcase our SBA team’s ability to service most any business regardless of industry, including: 

  • A $1.9 million loan to a renowned microbrewery restaurant in the Midwest;
  • A $625,000 loan to a nationwide junior skills golf competition open to children ages 7-15;
  • A $2 million loan to a professionally managed commercial and residential real estate valuation and consulting firm; and more.

Our SBA division is ready to assist your small business, no matter your location, industry, or need. We are equipped to handle SBA 7(a), SBA 504 interim bridge loans and small business lines of credit. Our team works with all types of small businesses to provide options that will make a positive impact. Consider working with us today!

For more information on Merchants Bank’s SBA program, click here or follow along with us on Facebook, LinkedIn, Twitter and Instagram.

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For More Information
Contact One of Our SBA Lenders

Sherwin Patidar Headshot

Sherwin Patidar

Senior Business Development Officer

Headshot of Tony Holtzman

Tony Holtzman

Senior Business Development Officer 317.502.8547

Headshot of Tony Boddie

Tony Boddie

Senior Business Development Officer

Robert Stringer

Business Development Officer

Headshot of Mark Harville

Mark Harville

Business Development Officer

Headshot of Jeff Scott

Jeff Scott

President, SBA Lending

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