# Merchants Bank of Indiana

Indiana Preferred Lender lending nationwide.

An Indiana bank, headquartered in Carmel by its holding company, whose SBA division lends nationwide through regional offices from New Jersey to Illinois and Florida, a Preferred Lender that names the acquisition of a business or its assets among its SBA uses, structures its loans at ninety percent financing by its own post, and names its SBA president and six officers.

- Category: SBA & Acquisition Lenders
- Pricing model: Custom Pricing
- Where it fits: Diligence & Close the Deal
- Website: https://bankmerchants.com/small-business-lending/

## At a Glance

A [Preferred Lender](https://searchspheresource.com/glossary/preferred-lender-program) whose SBA division is built to lend across the country and says who runs it; the buyer's use is on the page, last in the list.

## What It Costs

Loan products; terms by term sheet. No size, rate or fee is published; its 2023 post says it structures loans at ninety percent financing and its recaps count the year's SBA lending in dollars (per bankmerchants.com, September 2026).

## Best For

A buyer anywhere in the country who wants a Preferred Lender with a named SBA president and officers who structure at ninety percent

## Pros and Cons

- Pro: Names the acquisition of a business or its assets among its SBA uses, and its newest officer's practice as business acquisitions
- Pro: Serves customers nationwide, in its own words, with regional offices in Chicago, New Jersey and Florida
- Pro: Names its SBA president, an executive vice president and five business development officers on its page
- Pro: Says it structures its loans at ninety percent financing
- Con: Acquisition is the last of five uses on its SBA page and no size, rate or fee is published
- Con: Its own site says headquartered in Indiana and only its [holding company](https://searchspheresource.com/glossary/holdco)'s site names the city
- Con: Its product strip and its posts describe different product sets, and an officer named in 2023 is gone from the page
- Con: Names no [search fund](https://searchspheresource.com/glossary/search-fund), [searcher](https://searchspheresource.com/glossary/searcher) or acquisition entrepreneur

## What Searchers Say

Read on its small business lending page, its business loan page, its about and contact pages, and its SBA posts of 2023 and 2026; its holding company's investor site walled a script and answered a browser-shaped reader. No searcher-forum discussion of the desk was found.

## Sources

- https://bankmerchants.com/small-business-lending/
- https://bankmerchants.com/about-merchants/
- https://bankmerchants.com/contact-us/
- https://bankmerchants.com/merchant-bank-sba-2023-recap/
- https://bankmerchants.com/merchants-bank-welcomes-senior-business-development-officer-james-stolt/

Also on this site: https://searchspheresource.com/resources/category/lender.md
Source: https://searchspheresource.com/resources/merchants-bank-of-indiana
Last checked: 2026-09-18

Site index for machines: https://searchspheresource.com/llms.txt