Merchants Bank SBA Team Sees Continued Success in 2022

Merchants’ SBA lending division is a viable partner to most any small business owner, regardless of location, industry or size. Throughout the first quarter of 2022, our talented SBA team has shown the strength of our services, providing loans totaling more than $35 million to various businesses across the country.

Some of our recent loans were secured for businesses located from sea to shining sea, including:

• A $2.8 million loan to a hotel franchisor for use at a single location in Illinois;
• A $4.6 million loan to a hotel franchisor in Texas planning to use the loan in two different locations;
• A $2.2 million loan to a family-owned cabinetry company that has been servicing the West Coast for over 40 years; among many others.

Several other of our loans showcase our SBA team’s ability to service most any business regardless of industry, including: 

• A $1.9 million loan to a renowned microbrewery restaurant in the Midwest;
• A $625,000 loan to a nationwide junior skills golf competition open to children ages 7-15;
• A $2 million loan to a professionally managed commercial and residential real estate valuation and consulting firm; and more.

Our SBA division is ready to assist your small business, no matter your location, industry, or need. We are equipped to handle SBA 7(a), SBA 504 interim bridge loans and small business lines of credit. Our team works with all types of small businesses to provide options that will make a positive impact. Consider working with us today!

For more information on Merchants Bank’s SBA program, click here or follow along with us on Facebook, LinkedIn, Twitter and Instagram.

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