SBA lender profile
Merchants Bank, National Association
Merchants Bank, National Association appears in the public SBA loan data with 55 funded 7(a) loans totaling $18.8M, an average of $342K per loan, and an estimated 488 jobs supported. Its SBA lending concentrates in Minnesota 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
55
Total volume
$18.8M
Average loan size
$342K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
488
Programs
7(a)
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.
What Merchants Bank, National Association funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 13 | $6.9M |
| Accommodation and Food Services | 13 | $3.9M |
| Retail Trade | 7 | $2.5M |
| Other Services | 7 | $1.9M |
| Health Care and Social Assistance | 5 | $1.6M |
| Arts, Entertainment, Recreation | 2 | $1.4M |
Merchants Bank, National Association SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 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 |
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 Merchants Bank, National Association'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.
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.