GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
104
2010–2026
Total Volume
$43M
Gross loan amounts
States Active
12
With recorded loans
Programs
7(a) & 504
104 total segments
Merchants & Marine Bank focuses heavily on startups, with 47% of their SBA deals going to new businesses. This is a strong signal for first-time borrowers seeking funding.
With an average 7(a) spread of P+2.68%, Merchants & Marine Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest.
The lender has a minimal 504 presence, with only 3% of their deals being 504 loans. If you're looking for a loan for real estate, you may want to consider other lenders with a stronger 504 focus.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 3 504 loans, which use fixed SBA debenture rates.
States where Merchants & Marine Bank has recorded SBA lending activity.
+ 7 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Retail Trade
Retail Trade
Specialty Trade Contractors
Construction
Miscellaneous Retail
Retail Trade
Food & Beverage Stores
Retail Trade
Real Estate
Real Estate
Wholesale Trade
Wholesale Trade
Transportation & Warehousing
Transportation & Warehousing
+ 7 more
All recorded SBA lending activity for Merchants & Marine Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Mississippi · Restaurants & Food Service · Under $150K | 7(a) | 4 | P+2.50% | $81K | Q2 2025 |
| Mississippi · Food & Beverage Stores · Under $150K | 7(a) | 3 | P+2.75% | $73K | Q1 2024 |
| Mississippi · Food & Beverage Stores · $150K – $350K | 7(a) | 2 | P+2.63% | $278K | Q1 2024 |
| Mississippi · General Merchandise · Under $150K | 7(a) | 2 | P+3.25% | $27K | Q2 2014 |
| Alabama · Restaurants & Food Service · Under $150K | 7(a) | 2 | P+2.38% | $25K | Q4 2024 |
| Mississippi · Administrative & Waste Services · Under $150K | 7(a) | 2 | P+4.38% | $80K | Q3 2019 |
| Texas · Physician & Dental Offices · $350K – $500K | 7(a) | 2 | P+2.75% | $441K | Q1 2025 |
| Alabama · Wholesale Trade · Under $150K | 7(a) | 2 | P+1.75% | $75K | Q1 2016 |
| Mississippi · Retail Trade · $150K – $350K | 7(a) | 2 | P+2.25% | $275K | Q1 2020 |
| Mississippi · Retail Trade · Under $150K | 7(a) | 2 | P+2.63% | $125K | Q4 2014 |
| Texas · Retail Trade · Under $150K | 7(a) | 2 | P+2.88% | $100K | Q2 2025 |
| Florida · Retail Trade · $350K – $500K | 7(a) | 1 | P+2.75% | $492K | Q3 2025 |
| Florida · Arts, Entertainment & Recreation · Under $150K | 7(a) | 1 | P+2.75% | $50K | Q1 2025 |
| Florida · Arts, Entertainment & Recreation · $350K – $500K | 7(a) | 1 | P+2.75% | $486K | Q1 2025 |
| Florida · Other Services · Under $150K | 7(a) | 1 | P+2.75% | $150K | Q1 2025 |
| Florida · Other Services · $500K – $1M | 7(a) | 1 | P+2.75% | $595K | Q1 2025 |
| Georgia · Miscellaneous Retail · Under $150K | 7(a) | 1 | P+2.75% | $50K | Q2 2025 |
| Georgia · Miscellaneous Retail · $500K – $1M | 7(a) | 1 | P+2.75% | $645K | Q2 2025 |
| Georgia · Social Assistance · Under $150K | 7(a) | 1 | P+2.75% | $50K | Q4 2024 |
| Georgia · Social Assistance · $500K – $1M | 7(a) | 1 | P+2.75% | $730K | Q4 2024 |
| Georgia · Restaurants & Food Service · Under $150K | 7(a) | 1 | P+2.75% | $25K | Q3 2023 |
| Georgia · Restaurants & Food Service · $150K – $350K | 7(a) | 1 | P+2.75% | $300K | Q2 2023 |
| Georgia · Wholesale Trade · Under $150K | 7(a) | 1 | P+2.25% | $50K | Q2 2023 |
| Georgia · Wholesale Trade · $150K – $350K | 7(a) | 1 | P+2.25% | $326K | Q2 2023 |
| Georgia · Administrative & Waste Services · Under $150K | 7(a) | 1 | P+2.75% | $100K | Q4 2024 |
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