SBA lender profile
Mercantile Bank
Mercantile Bank appears in the public SBA loan data with 7 funded 7(a) loans totaling $3.1M, an average of $438K per loan, and an estimated 101 jobs supported. Its SBA lending concentrates in Michigan and the Construction sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
7
Total volume
$3.1M
Average loan size
$438K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
101
Programs
7(a)
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 | 7 | $3.1M |
What Mercantile Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 1 | $1.3M |
| Manufacturing | 2 | $700K |
| Other Services | 2 | $569K |
| Accommodation and Food Services | 2 | $495K |
Mercantile Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2021 | 3 | $829K |
| 2022 | 4 | $2.2M |
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 Mercantile 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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