{"citation":"Merchants Bank of Indiana SBA loans in Indiana. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/merchants-bank-of-indiana/indiana/ 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/merchants-bank-of-indiana/indiana/","title":"Merchants Bank of Indiana SBA loans in Indiana","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":"recent","from":"2023-10-01","to":"2026-06-30"},"state":{"code":"IN","name":"Indiana"},"lender":{"name":"Merchants Bank of Indiana","url":"/sba-express-lenders/merchants-bank-of-indiana/","regulator_status":"active"},"loans":42,"dollars_approved":38799800,"measures":{"share_of_all_loans_pct":{"state":1.464,"national":0.118,"reading":"Clearly higher"},"median_loan":{"state":451850,"national":660000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":197425,"p75":998625},"national":{"p25":354550,"p75":1560300}},"startup_pct":{"state":16.7,"national":19.4,"reading":"No clear gap"},"new_pct":{"state":null,"national":15.7,"reading":"n/a"},"existing_pct":{"state":64.3,"national":31.4,"reading":"Clearly higher"},"ownership_pct":{"state":null,"national":33.5,"reading":"n/a"},"express_pct":{"state":26.2,"national":14.7,"reading":"No clear gap"},"loc_pct":{"state":26.2,"national":14.7,"reading":"No clear gap"},"median_term_months":{"state":122.5,"national":120},"median_spread_over_prime_points":{"state":1.75,"national":2.0}},"clear_gaps":["existing","share"],"top_industries":{"Gasoline Stations with Convenience Stores":5},"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."}}