Lender record
Merchants Bank of Indiana
The real lending record — every figure from funded deals. HQ: 410 Monon Blvd, Carmel, IN. 8 branches.
464
Recent deals (FY20+)
$751K
Typical deal
12 days
Approval → funding
0.4%
Failure rate (FY20–23)
Lender record
The real lending record — every figure from funded deals. HQ: 410 Monon Blvd, Carmel, IN. 8 branches.
464
Recent deals (FY20+)
$751K
Typical deal
12 days
Approval → funding
0.4%
Failure rate (FY20–23)
Most Merchants Bank of Indiana deals land between $404K and $1.5M — that range covers half of everything they fund. Top industries and states:
Industries they fund most
Most active states
Franchises they finance most
The UPS Store
38 deals
Subway
10 deals
RhinoShield - Dealership/Supply Agreement
10 deals
School of Rock
5 deals
National Oil & Gas Company Inc (Multi Branded) Reseller's Ag
5 deals
Total assets
$20.3B
▲ 4.5% vs prior quarter
Deposits on hand
$13.0B
▼ 0.5% vs prior quarter
Loans outstanding
$16.5B
▲ 7.1% vs prior quarter
Net income (latest qtr)
$70.0M
FDIC call-report data, quarter ending 03/2026.
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Get in touch with Merchants Bank of Indiana
Tell us where to reach you and we'll arrange the introduction — to Merchants Bank of Indiana or a comparable SBA specialist who fits your deal even better.
Merchants Bank Of IndianaMain office410 Monon BlvdCarmel, IN 46032 · since 1923
Indianapolis Bank Branch3737 E 96th StIndianapolis, IN 46240 · since 2005
Spartanburg Branch6880 S Arba PikeLynn, IN 47355 · since 2007
Merchants Bank Of Indiana Carmel Office Branch11590 N Meridian StCarmel, IN 46032 · since 2014
Lynn Branch201 South Main StreetLynn, IN 47355 · since 2014
Merchants Bank Of Indiana - The Richmond Branch701 E Main StRichmond, IN 47374 · since 2020
Richmond Branch1400 Industries Road, Suite 200Richmond, IN 47374 · since 2024
Bloomington Branch101 W Kirkwood AveBloomington, IN 47404 · since 2026
Branch data: FDIC BankFind.
If you were the buyer here
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.
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1 of Merchants Bank of Indiana's loans on record were charged off — the lender gave up collecting, which usually means the business failed. Each links to its full record.
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391 businesses on record — the 60 largest by funding. Each links to its full SBA record.
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Claim this profile to keep your record accurate, route buyer leads to your team, or sponsor your placement in the rankings.
DealRoom analysis of public lending records, FY2020–present. Not affiliated with Merchants Bank of Indiana.
Merchants Bank of Indiana 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 of Indiana 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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Your business? Claim this record · Request removal
If you were the buyer here
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.
Your business? Claim this record · Request removal
Your business? Claim this record · Request removal
Your business? Claim this record · Request removal
If you were the buyer here
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.
Your business? Claim this record · Request removal
If you were the buyer here
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.
Your business? Claim this record · Request removal
Your business? Claim this record · Request removal
Your business? Claim this record · Request removal
If you were the buyer here
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.
Your business? Claim this record · Request removal