SBA lender profile
First Merchants Bank
First Merchants Bank appears in the public SBA loan data with 1,034 funded 7(a) loans totaling $733.0M, an average of $709K per loan, and an estimated 13,496 jobs supported. Its SBA lending concentrates in Texas and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 1.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
1,034
Total volume
$733.0M
Average loan size
$709K
Charge-off rate
1.0%
Share of funded loans charged off
Jobs supported (reported)
13,496
Programs
7(a)
Bank profile
via FDIC- Total assets
- $27M
- Headquarters
- Thomasville, GA
- FDIC cert
- #19778
- Status
- Inactive
Where First Merchants Bank lends
Top states by funded SBA volume.
What First Merchants Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 136 | $129.5M |
| Retail Trade | 117 | $96.8M |
| Manufacturing | 87 | $89.1M |
| Other Services | 104 | $77.9M |
| Health Care and Social Assistance | 100 | $66.3M |
| Construction | 126 | $64.2M |
First Merchants Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 280 | $146.4M |
| 2021 | 164 | $139.9M |
| 2022 | 62 | $59.0M |
| 2023 | 118 | $80.0M |
| 2024 | 166 | $94.3M |
| 2025 | 176 | $130.0M |
| 2026 | 68 | $83.3M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of First Merchants Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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