SBA lender profile
Mercantile Bank
Mercantile Bank appears in the public SBA loan data with 99 funded 7(a) loans since FY2010, totaling $32.6M, an average of $329K per loan, and an estimated 1,474 jobs supported. Its SBA lending concentrates in Michigan and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 2.0%. 17.2% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 76
- Scale 48
- Activity 0
- Consistency 53
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Mercantile Bank the right lender for you?
Lenders fund what they know. Mercantile Bank's SBA lending concentrates in Michigan (99 loans) and Manufacturing (27 loans), at an average loan of $329K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $467M
- Headquarters
- Quincy, IL
- FDIC cert
- #11301
- Status
- Inactive
Where Mercantile Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Michigan | 99 | $32.6M |
Metro areas where Mercantile Bank funds
What Mercantile Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 27 | $9.6M |
| Accommodation and Food Services | 23 | $4.7M |
| Retail Trade | 9 | $4.6M |
| Other Services | 10 | $3.0M |
| Real Estate | 3 | $2.6M |
| Construction | 8 | $2.5M |
Mercantile Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 39 | $14.7M |
| 2011 | 12 | $3.9M |
| 2012 | 10 | $1.9M |
| 2013 | 14 | $3.5M |
| 2014 | 11 | $2.7M |
| 2016 | 3 | $2.0M |
| 2017 | 2 | $500K |
| 2018 | 1 | $372K |
| 2021 | 3 | $829K |
| 2022 | 4 | $2.2M |
Related SBA lenders
Other lenders active in Michigan or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Mercantile Bank: frequently asked questions
Does Mercantile Bank offer SBA loans?
Yes. Mercantile Bank appears in the public SBA data with 99 funded SBA 7(a) loans totaling $32.6M.
How many SBA loans has Mercantile Bank made?
Mercantile Bank is associated with 99 SBA 7(a) loans totaling $32.6M in the public SBA data (as of 2026-03-31).
What is Mercantile Bank's SBA charge-off rate?
About 2.0% of Mercantile Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Mercantile Bank do most of its SBA lending?
Mercantile Bank's SBA lending in the data is most concentrated in Michigan, and by industry in Manufacturing.
Is Mercantile Bank an SBA Preferred Lender (PLP)?
The loan record shows Mercantile Bank operating under PLP delegated authority: 17 of its 7(a) loans (17.2%) were processed through the Preferred Lenders Program. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Mercantile Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/mercantile-bank/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.
Get SBA lending trends in your inbox
Occasional, data-driven briefings on SBA lending by industry and state. No spam, unsubscribe anytime.
We use your email only to send lending-trend updates. See our privacy policy.