{"ok":true,"canonical_url":"https://dealroom.so/lenders/merchants-bank-national-association","api_url":"https://dealroom.so/api/public/lenders/merchants-bank-national-association","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-16","timezone":"America/Chicago"},"methodology":{"label":"SBA lender ranking methodology","url":"https://dealroom.so/methodology/lender-rankings"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"lender":{"name":"Merchants Bank, National Association","slug":"merchants-bank-national-association","url":"https://dealroom.so/lenders/merchants-bank-national-association","hq":"100 E 3rd St, Winona, MN","website":"www.merchantsbank.com","branchCount":22,"sbaFocus":{"pct":0.1,"pctile":33,"tier":"sideline"},"recentDealsSampled":55,"businessPurchases":17,"typicalDeal":155000,"dealRange25th75th":[65000,434000],"typicalDaysApprovalToFunding":15,"topIndustries":[{"count":7,"name":"Limited-Service Restaurants"},{"count":4,"name":"Snack and Nonalcoholic Beverage Bars"},{"count":3,"name":"Offices of Chiropractors"},{"count":3,"name":"Clothing and Clothing Accessories Retailers"},{"count":3,"name":"General Automotive Repair"},{"count":2,"name":"All Other Personal Services"},{"count":2,"name":"Roofing Contractors"},{"count":2,"name":"All Other Specialty Trade Contractors"}],"topStates":[{"count":39,"state":"MN"},{"count":16,"state":"WI"}],"topFranchises":[{"name":"COMPLETE weddings + events (originally known as Complete Mus","count":2,"url":"https://dealroom.so/franchises/complete-weddings-events-originally-known-as-complete-mus"},{"name":"SKATETIME","count":1,"url":"https://dealroom.so/franchises/skatetime"},{"name":"Dehn Oil Company (Minnoco) Dealer Supply Agreement","count":1,"url":"https://dealroom.so/franchises/dehn-oil-company-minnoco-dealer-supply-agreement"},{"name":"Jersey Mike's","count":1,"url":"https://dealroom.so/franchises/jersey-mike-s"},{"name":"Culver's ButterBurgers & Frozen Custard","count":1,"url":null}],"recentDeals":[{"acquisition":true,"approvalDate":"1/30/2026","borrName":"PIFF HOLDINGS, P.C.","businessAge":"Change of Ownership","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Burnsville","collateral":true,"daysToFund":5,"firstDisbursement":"2/4/2026","fixedVar":"V","franchise":null,"fy":2026,"gross":880100,"industry":"Offices of Chiropractors","jobs":11,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":9,"revolver":"FALSE","sbaGuaranteed":660075,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"Guaranty","termMonths":120},{"acquisition":false,"approvalDate":"11/13/2025","borrName":"GM Gauge Repair, LLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Sparta","collateral":true,"daysToFund":75,"firstDisbursement":"1/27/2026","fixedVar":"F","franchise":null,"fy":2026,"gross":420900,"industry":"Specialized Automotive Repair","jobs":2,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":7.75,"revolver":"FALSE","sbaGuaranteed":315675,"soldSecMkt":null,"state":"WI","status":"CURR","subprogram":"Guaranty","termMonths":120},{"acquisition":false,"approvalDate":"2/17/2026","borrName":"J&D's Specialty Foods LLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Winona","collateral":true,"daysToFund":null,"firstDisbursement":null,"fixedVar":"V","franchise":null,"fy":2026,"gross":38400,"industry":"Other Grocery and Related Products Merchant Wholesalers","jobs":2,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":8.75,"revolver":"FALSE","sbaGuaranteed":32640,"soldSecMkt":null,"state":"MN","status":"COMMIT","subprogram":"Guaranty","termMonths":84},{"acquisition":false,"approvalDate":"1/29/2026","borrName":"CW Entertainment LLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Verona","collateral":true,"daysToFund":8,"firstDisbursement":"2/6/2026","fixedVar":"F","franchise":"COMPLETE weddings + events (originally known as Complete Mus","fy":2026,"gross":37500,"industry":"All Other Personal Services","jobs":2,"paidInFullDate":null,"processing":"7a General","rate":8,"revolver":"FALSE","sbaGuaranteed":31875,"soldSecMkt":null,"state":"WI","status":"CURR","subprogram":"Guaranty","termMonths":60},{"acquisition":false,"approvalDate":"1/30/2026","borrName":"CW Entertainment LLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Verona","collateral":true,"daysToFund":null,"firstDisbursement":null,"fixedVar":"V","franchise":"COMPLETE weddings + events (originally known as Complete Mus","fy":2026,"gross":12500,"industry":"All Other Personal Services","jobs":null,"paidInFullDate":null,"processing":"SBA Express Program","rate":8.25,"revolver":"TRUE","sbaGuaranteed":6250,"soldSecMkt":null,"state":"WI","status":"COMMIT","subprogram":"FA$TRK (Small Loan Express)","termMonths":120},{"acquisition":false,"approvalDate":"2/14/2025","borrName":"Phoenix Rentals IV LLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Albertville","collateral":true,"daysToFund":19,"firstDisbursement":"3/5/2025","fixedVar":"V","franchise":null,"fy":2025,"gross":434000,"industry":"Limited-Service Restaurants","jobs":7,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":7.5,"revolver":"FALSE","sbaGuaranteed":325500,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"Guaranty","termMonths":120},{"acquisition":true,"approvalDate":"2/26/2025","borrName":"Roof Vac Pros LLC","businessAge":"Change of Ownership","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Houston","collateral":true,"daysToFund":7,"firstDisbursement":"3/5/2025","fixedVar":"V","franchise":null,"fy":2025,"gross":270500,"industry":"Roofing Contractors","jobs":3,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":8.5,"revolver":"FALSE","sbaGuaranteed":202875,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"Guaranty","termMonths":120},{"acquisition":false,"approvalDate":"2/11/2025","borrName":"Matthew A Swenson","businessAge":"Existing or more than 2 years old","businessType":"Individual","chargeOffAmount":null,"chargeOffDate":null,"city":"Viroqua","collateral":true,"daysToFund":41,"firstDisbursement":"3/24/2025","fixedVar":"V","franchise":null,"fy":2025,"gross":246800,"industry":"All Other Specialty Trade Contractors","jobs":1,"paidInFullDate":null,"processing":"SBA Express Program","rate":8.5,"revolver":"FALSE","sbaGuaranteed":123400,"soldSecMkt":null,"state":"WI","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":120},{"acquisition":false,"approvalDate":"4/17/2025","borrName":"Gudie Enterprises, PLLC","businessAge":"New Business or 2 years or less","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Winona","collateral":true,"daysToFund":null,"firstDisbursement":null,"fixedVar":"V","franchise":null,"fy":2025,"gross":161200,"industry":"Offices of Chiropractors","jobs":1,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":8.55,"revolver":"FALSE","sbaGuaranteed":120900,"soldSecMkt":null,"state":"MN","status":"CANCLD","subprogram":"Guaranty","termMonths":120},{"acquisition":false,"approvalDate":"1/21/2025","borrName":"King Klinker Thin Brick LLC","businessAge":"New Business or 2 years or less","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Sparta","collateral":true,"daysToFund":9,"firstDisbursement":"1/30/2025","fixedVar":"V","franchise":null,"fy":2025,"gross":100000,"industry":"Brick, Stone, and Related Construction Material Merchant Who","jobs":2,"paidInFullDate":null,"processing":"SBA Express Program","rate":7.5,"revolver":"TRUE","sbaGuaranteed":50000,"soldSecMkt":null,"state":"WI","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":120}]},"for_agents":{"mcp_endpoint":"https://dealroom.so/api/mcp","docs":"https://dealroom.so/for-agents","recommended_next_step":"If a buyer is evaluating a purchase that fits Merchants Bank, National Association, the usual next step is to pre-qualify the deal for SBA 7(a) financing and request an introduction in MN. DealRoom arranges the introduction — free for buyers.","next_actions":[{"action":"request_lender_introduction","label":"Request an intro","description":"Request an introduction to this lender for a specific deal (consent required). DealRoom forwards the lead to the lender.","web_url":"https://dealroom.so/lenders/merchants-bank-national-association?state=MN&utm_source=agent&utm_medium=entity_funnel&utm_campaign=lender_intro"},{"action":"rank_sba_lenders","label":"Rank lenders","description":"Rank the most active SBA lenders for a purchase (optionally by state).","mcp_tool":"rank_sba_lenders","args":{"state":"MN"},"web_url":"https://dealroom.so/lenders/state/mn?utm_source=agent&utm_medium=entity_funnel&utm_campaign=lender_rank"},{"action":"prequalify_business_purchase","label":"Pre-qualify a deal","description":"Pre-qualify a purchase to see if this lender is a fit.","mcp_tool":"prequalify_business_purchase","web_url":"https://dealroom.so/prequalify?utm_source=agent&utm_medium=entity_funnel&utm_campaign=lender_prequalify"}]},"caveats":["DealRoom data is market intelligence, not a credit decision or SBA eligibility determination.","Final lender fit depends on SBA eligibility, borrower strength, collateral, cash flow, guarantors, and lender policy."],"citation":{"label":"DealRoom lender profile","url":"https://dealroom.so/lenders/merchants-bank-national-association","source_type":"DealRoom Data"}}