The real lending record — every figure from funded deals. HQ: 100 E 3rd St, Winona, MN. 22 branches.
55
Recent deals (FY20+)
$155K
Typical deal
15 days
Approval → funding
0%
Failure rate (FY20–23)
Where Merchants Bank, National Association lends
Deal profile
Most Merchants Bank, National Association deals land between $65K and $434K — that range covers half of everything they fund. Top industries and states:
Can Merchants Bank, National Association fund you? The bank behind the loans
Total assets
$2.9B
▲ 1.1% vs prior quarter
Deposits on hand
$2.6B
▲ 1.2% vs prior quarter
Loans outstanding
$2.0B
▼ 0.7% vs prior quarter
Net income (latest qtr)
$8.9M
•SBA is a sideline here — this year's production is a rounding error against the loan book. Your deal competes with everything else they'd rather fund; a specialist bank will usually move faster. That makes Merchants Bank, National Association more SBA-focused than 33% of the banks on our record.
•Deposits grew last quarter — more raw lending capacity than the quarter before.
•Return on assets of 1.22% — above the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.
FDIC call-report data, quarter ending 03/2026.
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Get in touch with Merchants Bank, National Association
Tell us where to reach you and we'll arrange the introduction — to Merchants Bank, National Association or a comparable SBA specialist who fits your deal even better.
Walk into a Merchants Bank, National Association branch (22)
Merchants Bank, National AssociationMain office100 E 3rd StWinona, MN 55987 · since 1875
Caledonia Branch115 W Washington StCaledonia, MN 55921 · since 1857
Lanesboro Branch118 Parkway Ave NLanesboro, MN 55949 · since 1868
Cannon Falls Branch300 Main St WCannon Falls, MN 55009 · since 1878
Spring Grove Branch126 W Main StSpring Grove, MN 55974 · since 1890
Rushford Branch101 W Jessie StRushford, MN 55971 · since 1902
Onalaska Branch3140 Market PlOnalaska, WI 54650 · since 1912
Rochester Green Meadows Branch1600 Greenview Dr SwRochester, MN 55902 · since 1923
Alliance Bank Branch2728 Mall DrEau Claire, WI 54701 · since 1971
Goodview Facility4124 Sixth Street-GoodviewWinona, MN 55987 · since 1979
Scroll for all 22 branches · Branch data: FDIC BankFind.
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
DealRoom analysis of public lending records, FY2020–present. Not affiliated with Merchants Bank, National Association.
AI summary
Merchants Bank, National Association is an SBA lender tracked by DealRoom.so SBA Intelligence, with lending activity broken down by state, industry, and loan size from public records. DealRoom is not a lender.
Source: DealRoom.so SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. DealRoom is not a lender and does not guarantee financing.
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Merchants Bank, National Association is one of 1,000+ SBA lenders on record — and they all have different appetites. Tell us your deal size, industry, and location, and we'll point you to the banks that fund deals like yours.
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Rosemount National Bank Branch
15055 Chippendale Avenue South
Rosemount, MN 55068 · since 1982
St. Charles Branch1130 Whitewater AveSt. Charles, MN 55972 · since 1990
Hastings Branch1525 Vermillion StHastings, MN 55033 · since 1991
Apple Valley Branch7300 147th St WApple Valley, MN 55124 · since 1995
Merchants Lakeside Branch627 Mankato AveWinona, MN 55987 · since 1999
Redwing Branch2835 S Service DrRed Wing, MN 55066 · since 2002
Rochester Northwest Plaza Branch3586 55th St NwRochester, MN 55901 · since 2002
La Crescent Branch316 Main StLa Crescent, MN 55947 · since 2003
Cottage Grove Branch7200 East Douglas Point Road SouthCottage Grove, MN 55016 · since 2004
Lakeville Branch18550 Joplin AveLakeville, MN 55044 · since 2005
Northfield Branch1611 Honey Locust DrNorthfield, MN 55057 · since 2007
Old Fnb Of Northfield Branch329 Division St SNorthfield, MN 55057 · since 2020
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.