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The Lender Report built this page from public records. Merchants Commercial Bank has not reviewed it. Every lender's page starts this way, and it says nothing about Merchants Commercial Bank itself. Each figure shows its source and date. Work at Merchants Commercial Bank? You can claim this page for free.
SBA 7(a) record
Merchants Commercial Bank: SBA 7(a) loans made
Merchants Commercial Bank, a bank based in St Thomas, VI, made 11 SBA 7(a) loans in the 36 months ending September 30, 2026, $3M in all, net of cancelled approvals. The typical loan was about $150K, and 0 were in the last 12 months. Most were in U.S. Virgin Islands.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 11
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $3.02M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $150K
- SBA FOIA,
- Largest loan
- $1.1M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 0
- SBA FOIA,
Cite this
Source: The Lender Report, Merchants Commercial Bank: SBA 7(a) loans made, https://lender.report/lender/merchants-commercial-bank-vi/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2025 | U.S. Virgin Islands | SBA 7(a), Transportation and Warehousing | $75K | 11.25% | 7 yr | SBA FOIA | |
| Jul 2025 | Florida | SBA 7(a), Offices of Physicians, Mental Health Specialists | $54K | 11% | 5 yr | SBA FOIA | |
| Feb 2025 | U.S. Virgin Islands | SBA 7(a), Accommodation and Food Services | $1.1M | 10.5% | 10 yr | SBA FOIA | |
| Nov 2024 | U.S. Virgin Islands | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $200K | 10.5% | 6 yr | SBA FOIA | |
| Oct 2024 | U.S. Virgin Islands | SBA 7(a), Other Services (except Public Administration) | $32K | 10.5% | 5 yr | SBA FOIA | |
| Jun 2024 | U.S. Virgin Islands | SBA 7(a), Arts, Entertainment, and Recreation | $700K | 10.75% | 10 yr | SBA FOIA | |
| May 2024 | U.S. Virgin Islands | SBA 7(a), Accommodation and Food Services | $250K | 10.5% | 7 yr | SBA FOIA | |
| May 2024 | U.S. Virgin Islands | SBA 7(a), Real Estate and Rental and Leasing | $61K | 11.25% | 7 yr | SBA FOIA | |
| May 2024 | U.S. Virgin Islands | SBA 7(a), Real Estate and Rental and Leasing | $50K | 10.75% | 7 yr | SBA FOIA | |
| Jan 2024 | U.S. Virgin Islands | SBA 7(a), Retail Trade | $150K | 11% | 7 yr | SBA FOIA | |
| Nov 2023 | U.S. Virgin Islands | SBA 7(a), Transportation and Warehousing | $350K | 10.25% | 7 yr | SBA FOIA | |
| 11 SBA 7(a) loans since October 2023, net of cancelled | $3.02M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| U.S. Virgin Islands | 10 | $2.97M |
| Florida | 1 | $54.0K |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 5 | $272K |
| $150K to $350K | 3 | $600K |
| $350K to $1M | 2 | $1.05M |
| $1M to $2.5M | 1 | $1.10M |
| $2.5M or more | 0 | $0 |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 1 | $350K |
| 2024 Q1 | 1 | $150K |
| 2024 Q2 | 4 | $1.06M |
| 2024 Q4 | 2 | $232K |
| 2025 Q1 | 1 | $1.10M |
| 2025 Q3 | 2 | $129K |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Accommodation and Food Services | 2 |
| Real Estate and Rental and Leasing | 2 |
| Transportation and Warehousing | 2 |
| Administrative and Support and Waste Management and Remediation Services | 1 |
| Arts, Entertainment, and Recreation | 1 |
| Offices of Physicians, Mental Health Specialists (621112) | 1 |
| Other Services (except Public Administration) | 1 |
| Retail Trade | 1 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| 7a General | 7 |
| SBA Express Program | 4 |
- Merchants Commercial Bank made 11 SBA 7(a) loans totaling $3M in the 36 months ending September 30, 2026, net of cancelled approvals, in 2 states. SBA FOIA,
- 0 of them were in the 12 months to September 30, 2026, and 5 in the 12 months before. SBA FOIA,
- The typical loan was about $150K, with the middle half between $54K and $350K. SBA FOIA,
- The largest was about $1.1M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 5 loans were under $150K, and 1 was $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 10.75% on 11 loans, with the middle half between 10.50% and 11.00%. SBA FOIA,
- The median term was 7 years. SBA FOIA,
- Its loans went most often to Accommodation and Food Services, with 2. SBA FOIA,
- The SBA file lists 7 of its loans as processed under 7a General. SBA FOIA,
- Its loans were most often in U.S. Virgin Islands (10) and Florida (1). SBA FOIA,
What we don't know
- Whether Merchants Commercial Bank is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.