Lenders › Meridian Bank
7(a) lenderMalvern, PennsylvaniaFDIC-insured bank48th of 2,184 by approvals
Meridian 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.
Meridian Bank (Malvern, Pennsylvania) is an FDIC-insured bank in the SBA 7(a) program, 48th of 2,184 by approvals in FY2021 to FY2025: 705 loans worth $659M.
In FY2025, the latest complete fiscal year, it had 125 approvals totalling $128M, about level with FY2024 (120). FY2026 to 30 Jun 2026 adds 24 more.
The median approval was $525K, against $190K for the 7(a) program as a whole; 16.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 32 states and territories and 146 counties, led by Pennsylvania (46.0%), New Jersey (22.3%) and Florida (6.1%). The largest industry group was accommodation and food services at 15.5% of approvals, and 18.4% of approvals were to franchise businesses.
Of 290 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (2.8%), 138 as paid in full and 144 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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* | 24 | $17.2M | $523K | $717K | 212 |
| FY2025 | 125 | $128M | $650K | $1.0M | 1,418 |
| FY2024 | 120 | $98.5M | $505K | $821K | 1,272 |
| FY2023 | 138 | $129M | $504K | $933K | 2,783 |
| FY2022 | 122 | $117M | $630K | $957K | 2,143 |
| FY2021 | 200 | $187M | $508K | $934K | 3,407 |
| FY2020 | 82 | $71.1M | $462K | $867K | 1,356 |
| FY2019 | 53 | $37.2M | $350K | $701K | 801 |
| FY2018 | 1 | — | — | — | 12 |
| FY2017 | 1 | — | — | — | 6 |
| FY2016 | 2 | — | — | — | 30 |
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 139 approvals. First approval on file: FY2011.
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 | Pennsylvania | 7(a) program |
|---|---|---|---|
| Approvals in these years | 347 | 20,449 | 639,905 |
| Cancelled or never disbursed | 57 | 2,853 | 79,313 |
| Disbursed loans | 290 | 17,596 | 560,592 |
| Paid in full | 138 | 13,626 | 435,813 |
| Charged off | 8 | 1,040 | 36,891 |
| Still outstanding (status exempt from disclosure) | 144 | 2,930 | 87,888 |
| Charged off, share of disbursed loans | 2.8% | 5.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.2% | 2.6% | 2.5% |
| Dollars charged off | $3.2M | $171M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 165 | 66 | 4 | 2.4% | 2.8% |
| FY2020 | 69 | 35 | 3 | 4.3% | 4.0% |
| FY2019 | 45 | 27 | 1 | 2.2% | 6.7% |
| FY2018 | 1 | 1 | 0 | — | 7.9% |
| FY2017 | 1 | 0 | 0 | — | 7.7% |
| FY2016 | 2 | 2 | 0 | — | 7.2% |
| FY2015 | 0 | 0 | 0 | — | 6.9% |
| FY2014 | 1 | 1 | 0 | — | 6.4% |
| FY2013 | 3 | 3 | 0 | — | 6.0% |
| FY2012 | 2 | 2 | 0 | — | 6.3% |
| FY2011 | 1 | 1 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $525K | $190K |
| Average approval | $935K | $518K |
| Approvals of $150,000 or less | 16.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 52.9% | 34.3% |
| Approvals to franchise businesses | 18.4% | 11.5% |
| Jobs supported per approval, as reported | 15.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.8% | 6.6% |
States served
| # | State of the business (32 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 324 | $294M | 46.0% | |
| 2 | New Jersey | 157 | $154M | 22.3% | |
| 3 | Florida | 43 | $42.5M | 6.1% | |
| 4 | Maryland | 26 | $28.8M | 3.7% | |
| 5 | California | 19 | $19.4M | 2.7% | |
| 6 | Texas | 18 | $13.3M | 2.6% | |
| 7 | North Carolina | 15 | $13.2M | 2.1% | |
| 8 | Delaware | 14 | $12.0M | 2.0% | |
| 9 | New York | 12 | $11.3M | 1.7% | |
| 10 | Virginia | 9 | $8.6M | 1.3% | |
| 11 | South Carolina | 7 | $6.3M | 1.0% | |
| 12 | Ohio | 6 | $4.5M | 0.9% |
In Pennsylvania the lender accounts for 3.1% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (146 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Montgomery County, PA | 73 | $74.4M | 10.4% | |
| 2 | Philadelphia County, PA | 54 | $37.2M | 7.7% | |
| 3 | Chester County, PA | 51 | $56.7M | 7.2% | |
| 4 | Bucks County, PA | 47 | $44.1M | 6.7% | |
| 5 | Delaware County, PA | 44 | $28.1M | 6.2% | |
| 6 | Camden County, NJ | 20 | $24.1M | 2.8% | |
| 7 | Burlington County, NJ | 19 | $15.1M | 2.7% | |
| 8 | Middlesex County, NJ | 14 | $14.5M | 2.0% | |
| 9 | Bergen County, NJ | 13 | $10.1M | 1.8% | |
| 10 | Monmouth County, NJ | 12 | $9.9M | 1.7% | |
| 11 | Somerset County, NJ | 12 | $8.4M | 1.7% | |
| 12 | Union County, NJ | 11 | $16.1M | 1.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 109 | 15.5% | |
| 2 | Construction | 104 | 14.8% | |
| 3 | Manufacturing | 94 | 13.3% | |
| 4 | Professional, Scientific, and Technical Services | 69 | 9.8% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 58 | 8.2% | |
| 6 | Other Services (except Public Administration) | 55 | 7.8% | |
| 7 | Health Care and Social Assistance | 55 | 7.8% | |
| 8 | Retail Trade | 47 | 6.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 97 | 13.8% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 46 | 6.5% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 39 | 5.5% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 22 | 3.1% | |
| 5 | Residential Building ConstructionNAICS 2361 | 21 | 3.0% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 19 | 2.7% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 19 | 2.7% | |
| 8 | Other Personal ServicesNAICS 8129 | 19 | 2.7% | |
| 9 | Computer Systems Design and Related ServicesNAICS 5415 | 17 | 2.4% | |
| 10 | Other Schools and InstructionNAICS 6116 | 16 | 2.3% |
Approval sizes
- $50,000 or less5.0%35
- $50,001 to $150,00011.9%84
- $150,001 to $350,00015.0%106
- $350,001 to $1 million38.4%271
- $1 million to $2 million17.6%124
- Over $2 million12.1%85
Loan terms
- 5 years or less1.0%7
- Over 5 to 10 years75.3%531
- Over 10 to 20 years5.5%39
- Over 20 years18.2%128
Age of the businesses
- Existing, more than 2 years old38.6%272
- New business, 2 years or less41.4%292
- Startup, loan funds will open the business11.5%81
- Change of ownership8.5%60
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 522 | 74.0% | |
| 2 | SBA Express Program | 168 | 23.8% | |
| 3 | International Trade Loans | 15 | 2.1% |
Franchise share
130 of 705 approvals in FY2021–FY2025 (18.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Scooter's Coffee | 12 | 1.7% | |
| 2 | Restore Hyper Wellness | 8 | 1.1% | |
| 3 | Jersey Mike’s Subs | 7 | 1.0% | |
| 4 | Tropical Smoothie Cafe | 6 | 0.9% | |
| 5 | Servpro | 4 | 0.6% | |
| 6 | WaterStation | 3 | 0.4% | |
| 7 | Aqua-Tots Swim Schools | 3 | 0.4% | |
| 8 | Sterling Optical | 3 | 0.4% |
Questions and answers
How many SBA loans does Meridian Bank make?
SBA approved 125 7(a) loans through Meridian Bank in FY2025, worth $128M, and 705 over FY2021 to FY2025. That ranks 48th of 2,184 active 7(a) lenders by number of approvals.
How large are Meridian Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $525K and the average $935K. The program-wide median was $190K.
What is Meridian Bank's charge-off rate?
Of 290 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (2.8%), 138 as paid in full and 144 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. 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 Meridian Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (97); building equipment contractors (46); services to buildings and dwellings (39); offices of other health practitioners (22).
Where does Meridian Bank make SBA loans?
In 32 states and territories. Pennsylvania 324, New Jersey 157, Florida 43, Maryland 26, California 19. In Pennsylvania it accounts for 3.1% of all 7(a) approvals.
Is Meridian Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 383, against 404 in the three before: broadly level (-5%).
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