Merchants & Marine Bank
Headquartered in PASCAGOULA, MS. Analysis based on 80 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $36.2M.
Total 7(a) loans
80
Total approved
$36.2M
Average loan
$453K
States funded in
12
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
9.09%
Average rate
10.55%
Average term
132 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 7 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 6 |
| 621210 | Offices of Dentists | 4 |
| 812990 | All Other Personal Services | 4 |
| 722513 | Limited-Service Restaurants | 4 |
| 238990 | All Other Specialty Trade Contractors | 2 |
| 238330 | Flooring Contractors | 2 |
| 484121 | General Freight Trucking, Long Distance, Truckload | 2 |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 2 |
| 238210 | Electrical Contractors | 2 |
Top 10 states
| State | Loans |
|---|---|
| TX | 21 |
| MS | 16 |
| FL | 11 |
| GA | 10 |
| TN | 6 |
| AL | 6 |
| NC | 2 |
| IL | 2 |
| IN | 2 |
| PA | 2 |
Top franchise brands financed
12 franchise loans across 7 distinct brands.
| Franchise | Loans |
|---|---|
| RobotLAB | 2 |
| Knuckies Hoagies | 2 |
| Crumbl | 2 |
| Parlor Doughnuts | 2 |
| Balloon King | 2 |
| CRS | 1 |
| Play It Again Sports | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.