SBA lender profile
Merchants Bank, National Association
Merchants Bank, National Association appears in the public SBA loan data with 269 funded 7(a) loans since FY2010, totaling $86.3M, an average of $321K per loan, and an estimated 3,239 jobs supported. Its SBA lending concentrates in Minnesota and the Construction sector. Across its 7(a) loans, the charge-off rate is 3.0%. 42.4% 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 73
- Scale 70
- Activity 58
- Consistency 85
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Merchants Bank, National Association the right lender for you?
Lenders fund what they know. Merchants Bank, National Association's SBA lending concentrates in Minnesota (211 loans) and Construction (46 loans), at an average loan of $321K. 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
- $25M
- Headquarters
- Onalaska, WI
- FDIC cert
- #10181
- Status
- Inactive
Where Merchants Bank, National Association lends
Top states by funded SBA volume.
Metro areas where Merchants Bank, National Association funds
What Merchants Bank, National Association funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 46 | $18.6M |
| Accommodation and Food Services | 41 | $18.2M |
| Manufacturing | 27 | $14.0M |
| Retail Trade | 35 | $8.2M |
| Professional and Technical Services | 19 | $5.5M |
| Other Services | 24 | $5.2M |
Merchants Bank, National Association SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 30 | $7.7M |
| 2011 | 25 | $13.2M |
| 2012 | 25 | $4.2M |
| 2013 | 30 | $7.2M |
| 2014 | 29 | $5.9M |
| 2015 | 24 | $6.9M |
| 2016 | 12 | $3.4M |
| 2017 | 19 | $11.0M |
| 2018 | 12 | $5.5M |
| 2019 | 8 | $2.6M |
| 2020 | 4 | $2.2M |
| 2021 | 6 | $1.6M |
| 2022 | 10 | $3.7M |
| 2023 | 5 | $2.7M |
| 2024 | 16 | $5.7M |
| 2025 | 9 | $1.5M |
| 2026 | 5 | $1.4M |
Related SBA lenders
Other lenders active in Minnesota or in Construction.
Comparing lenders? See how to choose an SBA lender by track record.
Merchants Bank, National Association: frequently asked questions
Does Merchants Bank, National Association offer SBA loans?
Yes. Merchants Bank, National Association appears in the public SBA data with 269 funded SBA 7(a) loans totaling $86.3M.
How many SBA loans has Merchants Bank, National Association made?
Merchants Bank, National Association is associated with 269 SBA 7(a) loans totaling $86.3M in the public SBA data (as of 2026-03-31).
What is Merchants Bank, National Association's SBA charge-off rate?
About 3.0% of Merchants Bank, National Association'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 Merchants Bank, National Association do most of its SBA lending?
Merchants Bank, National Association's SBA lending in the data is most concentrated in Minnesota, and by industry in Construction.
Is Merchants Bank, National Association an SBA Preferred Lender (PLP)?
The loan record shows Merchants Bank, National Association operating under PLP delegated authority: 114 of its 7(a) loans (42.4%) were processed through the Preferred Lenders Program, including 17 in FY2024–2026. 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). Merchants Bank, National Association SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/merchants-bank-national-association/
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.