Lenders › Merchants & Marine Bank
7(a) lenderPascagoula, MississippiFDIC-insured bank391st of 2,184 by approvals
Merchants & Marine Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Merchants & Marine Bank, based in Pascagoula, Mississippi, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 76 of its 7(a) loans worth $28.8M in FY2021 to FY2025, which places it 391st of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 40 approvals totalling $12.9M, up 54% on FY2024 (26). FY2026 to 30 Jun 2026 adds 10 more.
The median approval was $253K, against $190K for the 7(a) program as a whole; 43.4% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 12 states and territories and 26 counties, led by Texas (26.3%), Mississippi (18.4%) and Florida (13.2%). The largest industry group was accommodation and food services at 23.7% of approvals, and 15.8% of approvals were to franchise businesses.
Merchants & Marine Bank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 10 | $18.8M | $1.1M | $1.9M | 112 |
| FY2025 | 40 | $12.9M | $203K | $324K | 431 |
| FY2024 | 26 | $11.9M | $274K | $459K | 306 |
| FY2023 | 10 | $3.9M | $225K | $395K | 183 |
| FY2022 | 0 | — | — | — | 0 |
| FY2021 | 0 | — | — | — | 0 |
| FY2020 | 1 | — | — | — | 4 |
| FY2019 | 1 | — | — | — | 6 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 5 | $2.9M | $250K | $572K | 150 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 7 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Texas | 7(a) program |
|---|---|---|---|
| Approvals in these years | 33 | 48,931 | 639,905 |
| Cancelled or never disbursed | 5 | 5,758 | 79,313 |
| Disbursed loans | 28 | 43,173 | 560,592 |
| Paid in full | 27 | 31,848 | 435,813 |
| Charged off | 1 | 3,650 | 36,891 |
| Still outstanding (status exempt from disclosure) | 0 | 7,675 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 8.5% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.9% | 2.5% |
| Dollars charged off | — | $682M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $253K | $190K |
| Average approval | $379K | $518K |
| Approvals of $150,000 or less | 43.4% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 46.1% | 34.3% |
| Approvals to franchise businesses | 15.8% | 11.5% |
| Jobs supported per approval, as reported | 12.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (12 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Texas | 20 | $6.3M | 26.3% | |
| 2 | Mississippi | 14 | $4.5M | 18.4% | |
| 3 | Florida | 10 | $2.8M | 13.2% | |
| 4 | Georgia | 10 | $2.6M | 13.2% | |
| 5 | Tennessee | 6 | $4.4M | 7.9% | |
| 6 | Alabama | 6 | $2.6M | 7.9% | |
| 7 | Illinois | 2 | — | 2.6% | |
| 8 | North Carolina | 2 | — | 2.6% | |
| 9 | Pennsylvania | 2 | — | 2.6% | |
| 10 | Indiana | 2 | — | 2.6% | |
| 11 | Louisiana | 1 | — | 1.3% | |
| 12 | Virginia | 1 | — | 1.3% |
In Texas the lender accounts for 0.1% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (26 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Harris County, TX | 12 | $3.7M | 15.8% | |
| 2 | Jackson County, MS | 8 | $2.9M | 10.5% | |
| 3 | Rutherford County, TN | 4 | $3.9M | 5.3% | |
| 4 | Baldwin County, AL | 4 | $2.2M | 5.3% | |
| 5 | Orange County, FL | 4 | $1.3M | 5.3% | |
| 6 | Brazoria County, TX | 4 | $1.2M | 5.3% | |
| 7 | Miami-Dade County, FL | 4 | $1.1M | 5.3% | |
| 8 | Gwinnett County, GA | 4 | $745K | 5.3% | |
| 9 | Harrison County, MS | 3 | $1.3M | 3.9% | |
| 10 | Collin County, TX | 2 | — | 2.6% | |
| 11 | Douglas County, GA | 2 | — | 2.6% | |
| 12 | Floyd County, GA | 2 | — | 2.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 18 | 23.7% | |
| 2 | Retail Trade | 17 | 22.4% | |
| 3 | Construction | 11 | 14.5% | |
| 4 | Health Care and Social Assistance | 8 | 10.5% | |
| 5 | Other Services (except Public Administration) | 7 | 9.2% | |
| 6 | Transportation and Warehousing | 4 | 5.3% | |
| 7 | Professional, Scientific, and Technical Services | 3 | 3.9% | |
| 8 | Arts, Entertainment, and Recreation | 2 | 2.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 21.1% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 4 | 5.3% | |
| 3 | Other Personal ServicesNAICS 8129 | 4 | 5.3% | |
| 4 | Offices of DentistsNAICS 6212 | 4 | 5.3% | |
| 5 | Electronics and Appliance RetailersNAICS 4492 | 4 | 5.3% | |
| 6 | Specialty Food StoresNAICS 4452 | 4 | 5.3% | |
| 7 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 3 | 3.9% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 2.6% | |
| 9 | Building Material and Supplies DealersNAICS 4441 | 2 | 2.6% | |
| 10 | Clothing and Clothing Accessories RetailersNAICS 4581 | 2 | 2.6% |
Approval sizes
- $50,000 or less30.3%23
- $50,001 to $150,00013.2%10
- $150,001 to $350,00019.7%15
- $350,001 to $1 million28.9%22
- $1 million to $2 million5.3%4
- Over $2 million2.6%2
Loan terms
- Over 5 to 10 years85.5%65
- Over 10 to 20 years7.9%6
- Over 20 years6.6%5
Age of the businesses
- Existing, more than 2 years old34.2%26
- New business, 2 years or less13.2%10
- Startup, loan funds will open the business32.9%25
- Change of ownership19.7%15
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 37 | 48.7% | |
| 2 | Preferred Lenders Program | 24 | 31.6% | |
| 3 | 7a General | 15 | 19.7% |
Franchise share
12 of 76 approvals in FY2021–FY2025 (15.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Parlor Doughnuts | 2 | 2.6% | |
| 2 | Crumbl | 2 | 2.6% | |
| 3 | RobotLAB | 2 | 2.6% | |
| 4 | Knuckies Hoagies | 2 | 2.6% | |
| 5 | Balloon King | 2 | 2.6% | |
| 6 | Play It Again Sports | 1 | 1.3% | |
| 7 | Content Recovery Specialists | 1 | 1.3% |
Questions and answers
How many SBA loans does Merchants & Marine Bank make?
SBA approved 40 7(a) loans through Merchants & Marine Bank in FY2025, worth $12.9M, and 76 over FY2021 to FY2025. That ranks 391st of 2,184 active 7(a) lenders by number of approvals.
How large are Merchants & Marine Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $253K and the average $379K. The program-wide median was $190K.
What is Merchants & Marine Bank's charge-off rate?
Merchants & Marine Bank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Merchants & Marine Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (16); building equipment contractors (4); other personal services (4); offices of dentists (4).
Where does Merchants & Marine Bank make SBA loans?
In 12 states and territories. Texas 20, Mississippi 14, Florida 10, Georgia 10, Tennessee 6. In Texas it accounts for 0.1% of all 7(a) approvals.
Is Merchants & Marine Bank's SBA lending rising?
Volumes are too small to compare periods.
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error