Merchants Bank, National Association: SBA loans in this registry
6companies
6loans
$9.7Mtotal approved
$1.6Maverage loan
About this lender
- Type
- Bank
- Headquarters
- Winona, MN
- FDIC certificate number
- 8866
- Total assets
- $2.9 billion (as of June 30, 2026)
- Established
- 1875
- Offices
- 22
- Website
- www.merchantsbank.com
- Acquisition loans (7(a))
- 4 loans, $5.0M total, $1.2M average
- Expansion loans (504, SBA portion)
- 2 loans, $4.7M total, $2.3M average
- Approval dates
- Aug 15, 2024 to Aug 13, 2026
- Typical term (median)
- acquisition loans: 10 years; expansion loans: 25 years
- Initial interest rate (7(a))
- 6.65% to 9.75%, median 8.00%
- Rate type (7(a))
- 75% variable, 25% fixed
Top industries
- Other Personal and Household Goods Repair and Maintenance: 1 loan
- Veterinary Services: 1 loan
- Electronics and Appliance Retailers: 1 loan
- Child Care Services: 1 loan
- Offices of Chiropractors: 1 loan
Top states
- Minnesota: 6 loans
Largest deals
- Winona Controls, Inc., Caledonia, MN: $2,850,000 (7(a) acquisition, Aug 15, 2024)
- Crystals Cuddle Bugs Childcare Center LLC, Rosemount, MN: $2,534,000 (504 SBA portion, May 21, 2026)
- Allied Veterinary Emergency Rochester, LLC, Rochester, MN: $2,159,000 (504 SBA portion, Jul 8, 2026)
- Piff Holdings, P.C., Burnsville, MN: $880,100 (7(a) acquisition, Jan 30, 2026)
- Richardson Properties, LLC, Red Wing, MN: $684,900 (7(a) acquisition, Aug 13, 2026)
Lender details come from the SBA loan files and the FDIC BankFind service. Counts cover loans on this site only.
Companies
Use search to find others.
| Company | Location | Industry | Type | Latest approval | Approved |
|---|---|---|---|---|---|
| Richardson Properties, LLC | Red Wing, MN | Other Personal and Household Goods Repair and Maintenance | Acquisition | Aug 13, 2026 | $685K |
| Allied Veterinary Emergency Rochester, LLC | Rochester, MN | Veterinary Services | Expansion | Jul 8, 2026 | $2.2M |
| J & J Enterprises of Winona, LLC | Winona, MN | Electronics and Appliance Retailers | Acquisition | Jun 16, 2026 | $545K |
| Crystals Cuddle Bugs Childcare Center LLC | Rosemount, MN | Child Care Services | Expansion | May 21, 2026 | $2.5M |
| Piff Holdings, P.C. | Burnsville, MN | Offices of Chiropractors | Acquisition | Jan 30, 2026 | $880K |
| Winona Controls, Inc. | Caledonia, MN | Plumbing, Heating, and Air-Conditioning Contractors | Acquisition | Aug 15, 2024 | $2.9M |