| $150,000–350,000 | SPECTRUM LIGHTING, INC. | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | SPIRIT FORD, INC. | DUNDEE, MI | First Merchants Bank |
| $150,000–350,000 | SPRINGFIELD ENTERPRISES INC | HARLAN, IN | First Merchants Bank |
| $150,000–350,000 | ST ALPHONSUS LIGUORI CATHOLIC CHURCH | ZIONSVILLE, IN | First Merchants Bank |
| $350,000–1 million | ST ANDREWS PRODUCTS CO | MICHIGAN CITY, IN | First Merchants Bank |
| $350,000–1 million | ST MARY OF THE ASSUMPTION CATHOLIC CHURCH | DECATUR, IN | First Merchants Bank |
| $150,000–350,000 | ST. JAMES LUTHERAN CHURCH | LAFAYETTE, IN | First Merchants Bank |
| $350,000–1 million | ST. MARIA GORETTI CATHOLIC CHURCH AND SCHOOL | WESTFIELD, IN | First Merchants Bank |
| $350,000–1 million | ST. MARY CATHOLIC CENTRAL HIGH SCHOOL | MONROE, MI | First Merchants Bank |
| $150,000–350,000 | ST. PAUL CATHOLIC PARISH | MARION, IN | First Merchants Bank |
| $150,000–350,000 | ST. PAUL EV. LUTHERAN CHURCH | MUNSTER, IN | First Merchants Bank |
| $150,000–350,000 | STACKS LLC | VALPARAISO, IN | First Merchants Bank |
| $150,000–350,000 | STACY D. JOHNSON, DDS, PC | GREENWOOD, IN | First Merchants Bank |
| $350,000–1 million | STANDARD CHANGE-MAKERS, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | STEINER ENTERPRISES INC. | LAFAYETTE, IN | First Merchants Bank |
| $1–2 million | STELLAR PRIVATE CABLE SYSTEMS, INC. | AKRON, OH | First Merchants Bank |
| $1–2 million | STERLING PAPER COMPANY | COLUMBUS, OH | First Merchants Bank |
| $1–2 million | STEVENS DISPOSAL & RECYCLING SERVICE INC | PETERSBURG, MI | First Merchants Bank |
| $150,000–350,000 | STILL WATERS PROFESSIONAL COUNSELING, LLC | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | STOCK DRILLING INC. | PETERSBURG, MI | First Merchants Bank |
| $150,000–350,000 | STOLLER DENTAL LABORATORY, INC. | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | STRATEGIC MEASUREMENT AND EVALUATION, INC. | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | STRATICE SOLUTIONS, LLC | CARMEL, IN | First Merchants Bank |
| $150,000–350,000 | STRIKEPOINT MEDIA LLC | LAGUNA BEACH, CA | First Merchants Bank |
| $150,000–350,000 | STS. JOAN OF ARC & PATRICK SCHOOL | KOKOMO, IN | First Merchants Bank |
| $350,000–1 million | SUBURBAN ACCESS, INC. | HOMEWOOD, IL | First Merchants Bank |
| $150,000–350,000 | SUBWAY OPERATIONS, INC. | DECATUR, IN | First Merchants Bank |
| $350,000–1 million | SUBWAY SYSTEMS, LLC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | SUMMIT CONSTRUCTION CO, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $1–2 million | SUMMIT HEARTLAND, LLC | REMINGTON, IN | First Merchants Bank |
| $350,000–1 million | SUMMIT LIVESTOCK FACILITIES, LLC | REMINGTON, IN | First Merchants Bank |
| $150,000–350,000 | SUMMIT MANAGEMENT GROUP, INC. | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | SUMMIT VETERINARY ASSOCIATES INC. | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | SUN KING BREWING COMPANY, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | SUPERIOR CONTRACTORS, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $2–5 million | SUPERIOR FIBERS, LLC. | REEDSVILLE, WV | First Merchants Bank |
| $150,000–350,000 | SUPERIOR TOTE SOLUTIONS INC | SUMMITVILLE, IN | First Merchants Bank |
| $1–2 million | SUPERIOR TRAFFIC CONTROL LLC | CHRISTIANA, TN | First Merchants Bank |
| $1–2 million | SWENEY ELECTRIC COMPANY | MERRILLVILLE, IN | First Merchants Bank |
| $150,000–350,000 | SWITZER TANK LINES, INC. | MOUNT SUMMIT, IN | First Merchants Bank |
| $150,000–350,000 | SYM DISTRIBUTION LLC | COLUMBUS, OH | First Merchants Bank |
| $2–5 million | SYNDICATE SALES INC | KOKOMO, IN | First Merchants Bank |
| $150,000–350,000 | SYNERGISTIC SOLUTIONS, LLC | GREENWOOD, IN | First Merchants Bank |
| $150,000–350,000 | SYSTEM OF STRENGTH, LLC | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | T&W CORP. | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | TANNER SUPPLY COMPANY, INC. | TEMPERANCE, MI | First Merchants Bank |
| $150,000–350,000 | TATMAN, INC | CONNERSVILLS, IN | First Merchants Bank |
| $350,000–1 million | TAXMAN HOLDINGS INC. | BARGERSVILLE, IN | First Merchants Bank |
| $350,000–1 million | TAYLOR STATION SURGICAL CENTER | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | TECHNOLOGY SITE PLANNERS, INC. | PLAIN CITY, OH | First Merchants Bank |
| $150,000–350,000 | TECTON CONSTRUCTION MANAGEMENT, INC. | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | TEKTON RESTORATION SERVICES, LLC | CHESTERTON, IN | First Merchants Bank |
| $150,000–350,000 | TELLMAN ENTERPRISES INC | FORT WAYNE, IN | First Merchants Bank |
| $2–5 million | TEMP-CON, LLC | OLATHE, KS | First Merchants Bank |
| $350,000–1 million | TEN POINT TRIM CORPORATION | ZIONSVILLE, IN | First Merchants Bank |
| $350,000–1 million | TENACORE, LLC | SANTA ANA, CA | First Merchants Bank |
| $350,000–1 million | TERHUNES INC | MUNCIE, IN | First Merchants Bank |
| $350,000–1 million | TERHUNES OF DALEVILLE INC | MUNCIE, IN | First Merchants Bank |
| $350,000–1 million | TERHUNES OF MUNCIE INC | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | TERHUNES ON 14TH INC | MUNCIE, IN | First Merchants Bank |
| $350,000–1 million | TERHUNES ON TILLOTSON INC | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | TERRY'S LEISURE LIVING INC | FRANKFORT, IL | First Merchants Bank |
| $350,000–1 million | TG PLUMBING & MECHANICAL | PICKERING, OH | First Merchants Bank |
| $350,000–1 million | THE ANNEX GROUP, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | THE BUCKEYE STAMPING COMPANY | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | THE CENTER FOR THE PERFORMING ARTS, INC. | CARMEL, IN | First Merchants Bank |
| $150,000–350,000 | THE CFO GROUP INC | NORTHVILLE, MI | First Merchants Bank |
| $1–2 million | THE CLARK GRAVE VAULT COMPANY, A OHIO CORPORATION | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | THE CLEARY COMPANY | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | THE COMPASS UMC | SELMA, IN | First Merchants Bank |
| $350,000–1 million | THE ELECTRIC CONNECTION, INC. | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | THE EQUITABLE MORTGAGE CORPORATION | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | THE FIRST COMMUNITY CHURCH OF COLUMBUS, OHIO | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | THE INN AND SPA AT CEDAR FALLS LLC | LOGAN, OH | First Merchants Bank |
| $150,000–350,000 | THE MEEKS MORTUARY INC. | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | THE OHIO DEMOCRATIC PARTY | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | THE PETERSON COMPANY, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $2–5 million | THE PHOENIX GROUP, INC. | GREENWOOD, IN | First Merchants Bank |
| $350,000–1 million | THE ROMAN CATHOLIC DIOCESE OF LAFAYETTE-IN-INDIANA, INC. | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | THE ROSS GROUP, INC | PORTAGE, IN | First Merchants Bank |
| $350,000–1 million | THE SHARRON GROUP, INC. | PLAIN CITY, OH | First Merchants Bank |
| $1–2 million | THE SOUTH SUBURBAN COUNCIL ON ALCOHOL AND SUBSTANCE ABUSE | EAST HAZEL CREST, IL | First Merchants Bank |
| $350,000–1 million | THE WASSERSTROM GROUP, LLC | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | THERMODYNE FOOD SERVICE PRODUCTS INC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | THOMPSON PLUMBING & HEATING, INC. | PETERSBURG, MI | First Merchants Bank |
| $150,000–350,000 | TIERRA DERCO INTERNATIONAL, LLC | JASPER, IN | First Merchants Bank |
| $150,000–350,000 | TIM SHERMANS SIGNATURE HARLEY DAVIDSON INC | PERRYSBURG, OH | First Merchants Bank |
| $150,000–350,000 | TIPPMAN DESIGN BUILD, LLC | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | TIPPMANN ENGINEERING, LLC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | TJW INDUSTRIAL, INC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | TMRS ENTERPRISES INC | SCHILLER PARK, IL | First Merchants Bank |
| $350,000–1 million | TNM DELIVERIES, INC | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | TOMKEN PLASTIC TECHNOLOGIES, INC. | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | TOMTISHEN AOUN PLLC | ANN ARBOR, MI | First Merchants Bank |
| $350,000–1 million | TOOL STEEL SERVICE, INC. | BRIDGEVIEW, IL | First Merchants Bank |
| $150,000–350,000 | TOOLCRAFT, LLC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | TOPEN INC | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | TORAN, INC | MUNCIE, IN | First Merchants Bank |
| $350,000–1 million | TOTAL DISPOSAL, INC. | GARY, IN | First Merchants Bank |
| $150,000–350,000 | TOTAL FLEET SERVICE LLC | FORT WAYNE, IN | First Merchants Bank |