{"citation":"First Merchants Bank SBA loans in California. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/first-merchants-bank/california/ Source: SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/sba-express-lenders/first-merchants-bank/california/","title":"First Merchants Bank SBA loans in California","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"}],"data":{"window":{"id":"all","from":"2019-10-01","to":"2026-06-30"},"state":{"code":"CA","name":"California"},"lender":{"name":"First Merchants Bank","url":"/sba-express-lenders/first-merchants-bank/","regulator_status":"active"},"loans":67,"dollars_approved":52911300,"measures":{"share_of_all_loans_pct":{"state":0.172,"national":0.257,"reading":"No clear gap"},"median_loan":{"state":500000,"national":375000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":150000,"p75":1158500},"national":{"p25":100000,"p75":996600}},"startup_pct":{"state":19.4,"national":17.6,"reading":"No clear gap"},"new_pct":{"state":0.0,"national":4.5,"reading":"No clear gap"},"existing_pct":{"state":67.2,"national":62.6,"reading":"No clear gap"},"ownership_pct":{"state":13.4,"national":15.2,"reading":"No clear gap"},"express_pct":{"state":null,"national":23.8,"reading":"Clearly lower"},"loc_pct":{"state":null,"national":24.3,"reading":"Clearly lower"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.75,"national":2.75}},"clear_gaps":["loc"],"top_industries":{},"note":"Null means fewer than 5 loans. Loans SBA approved only: the file has no denials. Spread over Prime is the rate at approval minus Prime that day, not today's rate."}}