- Does Mercantile Bank offer SBA loans?
- Yes. Mercantile Bank has approved 397 SBA 7(a) and 504 loans since 1992. Average loan size: $215,723. Most recent approval on file: 2022-03-11.
- Does Mercantile Bank offer business loans?
- Mercantile Bank offers small-business loans through the U.S. Small Business Administration (SBA) — specifically the 7(a) program (general working capital, business acquisition, debt refinance) and the 504 program (real estate and equipment). Mercantile Bank has approved 397 SBA 7(a) and 504 loans since 1992. SBA-backed loans are the most accessible business-loan path for small and young companies because the SBA guarantees a portion of each loan; Mercantile Bank may also offer non-SBA commercial loans that fall outside the public SBA FOIA dataset shown on this page.
- How does Mercantile Bank rank among SBA lenders?
- By total SBA 7(a) and 504 loans approved since 1991, Mercantile Bank ranks #366 of 3,942 lenders (top 9.3%).
- What is Mercantile Bank's SBA loan default rate?
- Mercantile Bank's charge-off (default) share of SBA originations is 10.6%. This is the portion of loans the bank has written off, not the active delinquency rate. Compare against peer banks on the Lenders page rather than to a national "average" — SBA loan default rates vary widely by vintage, industry, and underwriting standards. Source: U.S. Small Business Administration 7(a) and 504 FOIA loan datasets (see below).
- What industries does Mercantile Bank most often finance?
- Mercantile Bank has financed 174 distinct NAICS industries through the SBA 7(a) and 504 programs. Most-financed industry: NAICS 722110. Use the "Top Industry" cross-link above to see industry-level SBA benchmarks.
- Is Mercantile Bank an active SBA lender today?
- Mercantile Bank's most recent SBA loan approval on file is 2022-03-11; recent SBA volume has been low (0 loans approved in the last 3 fiscal years).
- Where does this data come from and how fresh is it?
- All figures are aggregated from the U.S. Small Business Administration's public 7(a) and 504 FOIA loan datasets (data.sba.gov/dataset/7-a-504-foia). The snapshot feeding this page is as of 2025-12-31, retrieved on 2026-01-02. The SBA publishes a refreshed FOIA snapshot each quarter; when we reload it, this page's "Page last verified" date updates.