SBA lending record
Mercantile Processing, Inc.
32695 Roxana Rd, Frankford, DE 19945 · Financial Transactions Processing, Reserve, and Clearinghous. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$500K
Total SBA financing
1
Loan on record
FY2023
On record
30
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
Is Mercantile Processing, Inc. your business?
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The loan
$500,000 — FY2023
- Gross approval
- $500,000
- SBA guaranteed
- $375,000 (75%)
- Status
- Current
- Rate at approval
- 11.5% v
- Term
- 120 mo (10 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/15/2023
- First disbursement
- 9/15/2023
- Days to fund
- 0 days
- Collateral
- Required
- Jobs supported
- 30
- Business type
The lender
Applied Bank
1 loan to this business- Total assets
- $258.1B
- Deposits
- $214.4B
- Loans outstanding
- $54.8B
- Net income
- $1.8B
- Return on assets
- 2.8296778207486666%
- Return on equity
- 17.5%
- Total equity
- $43.0B
- Offices
- 2
- Founded
- 07/0
- Headquarters
- 2200 Concord Pike, Wilmington, DE, 19803
- FDIC cert
- 34193
- Website
- www.appliedbank.com
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Mercantile Processing, Inc..