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Mercantile Bank, SBA Loan Activity

Public SBA 7(a) and 504 lending activity for Mercantile Bank.

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Overview Recent loans Industries Geography 7(a) vs 504

Total SBA loans

397

2010 – 2025

Approved $

$85.5M

across all programs

Avg loan size

$215K

median $100K

Top industry

Full-Service Restaurants

26 loans · 7%

7(a) vs 504

BY APPROVAL COUNT

7(a) · 100%

SBA 7(a)

Loans

397

Approved

$85.5M

Avg size

$215K

Range

$5K – $2.0M

SBA 504

Loans

Approved

Avg size

Range

–

Top industries funded

See all industries

Full-Service Restaurants

Beauty Salons

Limited-Service Restaurants

Snack and Nonalcoholic Beverage Bars

"Special Die and Tool, Die Set, Jig, and Fixture Manufacturing"

Child Day Care Services

Loan records · Mercantile Bank

397 records

Sort:

Borrower

Location

Program

Industry

P & D OIL, LLC Mercantile Bank

Ionia, MI

48846

$2,000,000

$40K

7(a)

Automotive Oil Change and Lubrication Shops

2007-08-24

TNT DREDGING, INC.Mercantile Bank

Grand Rapids, MI

49512

$2,000,000

–

7(a)

Other Heavy and Civil Engineering Construction

2003-07-31

BAZZANI HOLDINGS, LLC Mercantile Bank

Grand Rapids, MI

49506

$2,000,000

$250K

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2010-01-15

Clouse Oscada Properties, LLC Mercantile Bank

Oscoda, MI

48750

$1,950,000

$46K

7(a)

Supermarkets and Other Grocery (except Convenience) Stores

2013-04-24

VICTORY CLUB LLC Mercantile Bank

Grand Rapids, MI

49508

$1,764,000

$1.8M

7(a)

Full-Service Restaurants

2009-09-25

Brooks & Perkins, Inc.Mercantile Bank

Cadillac, MI

49601

$1,700,000

$34K

7(a)

All Other Miscellaneous Fabricated Metal Product Manufacturing

2016-09-22

THE GRANDVILLA, INC.Mercantile Bank

Grandville, MI

49418

$1,325,000

–

7(a)

Full-Service Restaurants

2004-06-30

FIREHOUSE MUSIC INC Mercantile Bank

Grandville, MI

49418

$1,300,000

$130K

7(a)

Other Miscellaneous Durable Goods Merchant Wholesalers

2004-09-02

Mid-Michigan Mechanical Insulation, Inc.Mercantile Bank

East Lansing, MI

48823

$1,300,000

$108K

7(a)

Other Building Equipment Contractors

2022-01-10

A&K Finishing, Inc.Mercantile Bank

Grand Rapids, MI

49512

$1,180,000

$28K

7(a)

"Automotive Body, Paint, and Interior Repair and Maintenance"

2010-03-23

WOLVERINE HARDWOODS, INC.(OC)Mercantile Bank

Allegan, MI

49010

$1,071,000

$67K

7(a)

"Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers"

2009-09-30

IONIA BIG BOY Mercantile Bank

Ionia, MI

48846

$1,070,000

–

7(a)

Full-Service Restaurants

2001-07-05

LORETT, LLC Mercantile Bank

Grand Rapids, MI

49507

$1,060,000

–

7(a)

Gasoline Stations with Convenience Stores

2002-06-21

FOUR GRAHAMS, INC.Mercantile Bank

Kalamazoo, MI

49007

$1,050,000

–

7(a)

Full-Service Restaurants

2004-10-18

WGHN, INC Mercantile Bank

Grand Haven, MI

49417

$1,035,000

$104K

7(a)

Radio Stations

2007-07-16

LIPPERT CEDAR, LLC Mercantile Bank

Kentwood, MI

49512

$1,000,000

$1.0M

7(a)

Automotive Parts and Accessories Stores

2010-03-24

RODDY'S TRUCK EXCHANGE, INC.Mercantile Bank

Martin, MI

49070

$1,000,000

$250K

7(a)

Automobile and Other Motor Vehicle Merchant Wholesalers

2010-02-21

McCarthy Group Industries, Inc.Mercantile Bank

Grand Rapids, MI

49512

$925,000

$32K

7(a)

All Other Plastics Product Manufacturing

2010-12-24

NEXT LEVEL STRATEGIES, LLC Mercantile Bank

Belmont, MI

49306

$910,300

$101K

7(a)

Confectionery Merchant Wholesalers

2010-03-25

PERCOR MANUFACTURING, INC.Mercantile Bank

Wyoming, MI

49548

$860,000

$66K

7(a)

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

2009-11-02

L & G INDUSTRIAL PRODUCTS, INC.Mercantile Bank

Grand Rapids, MI

49505

$859,000

$43K

7(a)

Wood Office Furniture Manufacturing

2010-04-27

Amerikam, Inc.Mercantile Bank

Grand Rapids, MI

49509

$850,000

$13K

7(a)

Precision Turned Product Manufacturing

2010-03-15

OGEMAW VETERINARY CLINIC, P.C.Mercantile Bank

Rose City, MI

48654

$840,000

$105K

7(a)

Veterinary Services

2010-12-19

DERLUBENSHINE, INC.Mercantile Bank

Rockford, MI

49341

$806,000

$28K

7(a)

Car Washes

2009-11-02

THE STORE AT SOUTH SHORE, LLC Mercantile Bank

Shelbyville, MI

49344

$784,000

–

7(a)

Gasoline Stations with Convenience Stores

2006-08-30

Mercantile Bank$40K/job · 2007-08-24

TNT DREDGING, INC.

Grand Rapids, MI · 49512

$2,000,000

7(a)

Mercantile Bank2003-07-31

BAZZANI HOLDINGS, LLC

Grand Rapids, MI · 49506

$2,000,000

7(a)

Mercantile Bank$250K/job · 2010-01-15

Clouse Oscada Properties, LLC

Oscoda, MI · 48750

$1,950,000

7(a)

Mercantile Bank$46K/job · 2013-04-24

VICTORY CLUB LLC

Grand Rapids, MI · 49508

$1,764,000

7(a)

Mercantile Bank$1.8M/job · 2009-09-25

Brooks & Perkins, Inc.

Cadillac, MI · 49601

$1,700,000

7(a)

Mercantile Bank$34K/job · 2016-09-22

THE GRANDVILLA, INC.

Grandville, MI · 49418

$1,325,000

7(a)

Mercantile Bank2004-06-30

FIREHOUSE MUSIC INC

Grandville, MI · 49418

$1,300,000

7(a)

Mercantile Bank$130K/job · 2004-09-02

Mid-Michigan Mechanical Insulation, Inc.

East Lansing, MI · 48823

$1,300,000

7(a)

Mercantile Bank$108K/job · 2022-01-10

A&K Finishing, Inc.

Grand Rapids, MI · 49512

$1,180,000

7(a)

Mercantile Bank$28K/job · 2010-03-23

WOLVERINE HARDWOODS, INC.(OC)

Allegan, MI · 49010

$1,071,000

7(a)

Mercantile Bank$67K/job · 2009-09-30

Mercantile Bank2001-07-05

LORETT, LLC

Grand Rapids, MI · 49507

$1,060,000

7(a)

Mercantile Bank2002-06-21

FOUR GRAHAMS, INC.

Kalamazoo, MI · 49007

$1,050,000

7(a)

Mercantile Bank2004-10-18

WGHN, INC

Grand Haven, MI · 49417

$1,035,000

7(a)

Mercantile Bank$104K/job · 2007-07-16

Mercantile Bank$1.0M/job · 2010-03-24

RODDY'S TRUCK EXCHANGE, INC.

Martin, MI · 49070

$1,000,000

7(a)

Mercantile Bank$250K/job · 2010-02-21

McCarthy Group Industries, Inc.

Grand Rapids, MI · 49512

$925,000

7(a)

Mercantile Bank$32K/job · 2010-12-24

NEXT LEVEL STRATEGIES, LLC

Belmont, MI · 49306

$910,300

7(a)

Mercantile Bank$101K/job · 2010-03-25

PERCOR MANUFACTURING, INC.

Wyoming, MI · 49548

$860,000

7(a)

Mercantile Bank$66K/job · 2009-11-02

L & G INDUSTRIAL PRODUCTS, INC.

Grand Rapids, MI · 49505

$859,000

7(a)

Mercantile Bank$43K/job · 2010-04-27

Amerikam, Inc.

Grand Rapids, MI · 49509

$850,000

7(a)

Mercantile Bank$13K/job · 2010-03-15

OGEMAW VETERINARY CLINIC, P.C.

Rose City, MI · 48654

$840,000

7(a)

Mercantile Bank$105K/job · 2010-12-19

Mercantile Bank$28K/job · 2009-11-02

THE STORE AT SOUTH SHORE, LLC

Shelbyville, MI · 49344

$784,000

7(a)

Mercantile Bank2006-08-30

1–25 of 397

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Where Mercantile Bank lends

APPROVAL CONCENTRATION

TOP STATES

397