3 min read
As a small business owner, are you struggling to keep up with the ever-changing status of the current economy? Looking to the U.S. Small Business Administration (SBA) for a loan may be the solution. The SBA lending team at Merchants Bank of Indiana has years of proven success in helping companies of every size manage their business, purchase equipment and protect their investments. Our lenders are here and ready to support you in every way possible.
SBA loans feature broad eligibility requirements, capped interest rates and a variety of loan pricing options that make it manageable for all types of small businesses. At Merchants, we believe in the power small businesses bring to our economy, and we want to make it possible for you to share your idea with the world. Despite volatile interest rates, our team of expert lenders has maintained consistent, top-tier success for our clients.
Merchants’ SBA lending division has set itself apart in the way we structure our loans by offering 90% financing. We are able to take on 90% of the risk and financing for business owners, allowing them to open the door to their success with only a 10% down payment. We are committed to setting new standards in SBA lending and following through with our investments.
Some of our recent loans secured for businesses across the country include:
● $3.8 million to a manufacturing company for use at a single location in Illinois;
● $937,000 to a commercial cleaning franchise in Florida with plans to use the loan at a single location;
● $2.2 million 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 dedication to Hoosier hospitality by supporting our local businesses, including $1 million to a nationwide ice cream franchisor in Indiana and $1.8 million to a local brewery and restaurant near the heart of Indianapolis.
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 or to contact a lender, click here or follow along with us on Facebook, LinkedIn, Twitter and Instagram.
For More Information
Contact One of Our SBA Lenders
Sherwin Patidar
Executive Vice President SBA Division
312.806.2726
Tony Holtzman
Senior Business Development Officer 317.502.8547
Tony Boddie
Senior Business Development Officer
317.922.3353
Paul Jastrzebski
VP, Senior Business Development Officer
773.309.1246
Mark Harville
Business Development Officer
317.805.4357
Jeff Scott
President, SBA Lending
708.593.5126
Brian Konwar
Senior Business Development Officer
281.900.2638
