# First Merchants Bank SBA loans in California **Short answer:** SBA's loan file shows First Merchants Bank made 67 SBA loans in California since October 2019. Fewer than 5 of them were lines of credit, against 24.3% of its loans nationally. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/first-merchants-bank/california/ Data as of: 2026-06-30 This site is not First Merchants Bank sbaexpress.loans is not First Merchants Bank, and First Merchants Bank did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from First Merchants Bank. These are the 67 SBA 7(a) loans [First Merchants Bank](https://www.sbaexpress.loans/sba-express-lenders/first-merchants-bank/) made in [California](https://www.sbaexpress.loans/california-small-business-loans/) approved October 2019 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. Every state page for this lender uses this same period, so the pages can be compared with each other. ## How First Merchants Bank differs in California **What this means for you.** Lines of credit were less common here, so most of these loans were term loans repaid on a set schedule. ### Lines of credit Fewer than 5 of the 67 loans in California were lines of credit, against 24.3% of its loans nationally. Lines of credit, share of loans, Oct 2019 to Jun 2026 - California: fewer than 5 - All its U.S. loans: 24.3% We compared 8 measures with the national figure for the same period, and this is the one that differs clearly. One more difference is in the table. ## California next to the U.S. **California compared with all of First Merchants Bank's U.S. loans, October 2019 to June 2026** | Measure | California | All its U.S. loans | Reading | | --- | --- | --- | --- | | Lender's share of all SBA loans | 0.17% | 0.26% | No clear gap | | Median loan | $500,000 | $375,000 | No clear gap | | Middle half of loans | $150,000 to $1,158,500 | $100,000 to $996,600 | – | | Startups (the loan opens the business) | 19.4% | 17.6% | No clear gap | | In business 2 years or less | 0.0% | 4.5% | No clear gap | | In business more than 2 years | 67.2% | 62.6% | No clear gap | | Change of ownership | 13.4% | 15.2% | No clear gap | | SBA Express | Fewer than 5 | 23.8% | Clearly lower | | Lines of credit | Fewer than 5 | 24.3% | Clearly lower | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 2.75 points over Prime | 2.75 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## What First Merchants Bank lends to in California No single industry reached 5 loans from October 2019 to June 2026, so we do not rank industries here. ## First Merchants Bank in other states Other states where these loans differ clearly from the national pattern, most loans first. **First Merchants Bank by state** | State | Loans since October 2019 | | --- | --- | | [Indiana](https://www.sbaexpress.loans/sba-express-lenders/first-merchants-bank/indiana/) | 172 | | [Michigan](https://www.sbaexpress.loans/sba-express-lenders/first-merchants-bank/michigan/) | 95 | | [Texas](https://www.sbaexpress.loans/sba-express-lenders/first-merchants-bank/texas/) | 76 | | [Florida](https://www.sbaexpress.loans/sba-express-lenders/first-merchants-bank/florida/) | 73 | ## Other lenders in California Other lenders in California with a clear difference from the national pattern, most loans first. **Other lenders in California** | Lender | Loans since October 2019 | | --- | --- | | [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/california/) | 1,484 | | [Northeast Bank (Portland, ME)](https://www.sbaexpress.loans/sba-express-lenders/northeast-bank/california/) | 1,093 | | [Bank of Hope](https://www.sbaexpress.loans/sba-express-lenders/bank-of-hope/california/) | 910 | | [Bank of America](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/california/) | 866 | | [Harvest Small Business Finance, LLC](https://www.sbaexpress.loans/sba-express-lenders/harvest-small-business-finance-llc/california/) | 852 | | [Enterprise Bank & Trust](https://www.sbaexpress.loans/sba-express-lenders/enterprise-bank-and-trust/california/) | 560 | | [East West Bank](https://www.sbaexpress.loans/sba-express-lenders/east-west-bank/california/) | 527 | | [Zions Bank](https://www.sbaexpress.loans/sba-express-lenders/zions-bank/california/) | 519 | How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)