| $150,000–350,000 | MICHIGAN VEHICLE SOLUTIONS, LLC AND LDW & ASSOCIATES, INC. | SOUTHGATE, MI | First Merchants Bank |
| $150,000–350,000 | MID OHIO BUSINESS MACHINES, INC. | WORTHINGTON, OH | First Merchants Bank |
| $150,000–350,000 | MID-AMERICA SHOWS DELAWARE LLC | FARMLAND, IN | First Merchants Bank |
| $150,000–350,000 | MID-STATE TRUCK EQUIPMENT INC | FISHERS, IN | First Merchants Bank |
| $150,000–350,000 | MID-STATES TOOL & MACHINE, INC. | DECATUR, IN | First Merchants Bank |
| $150,000–350,000 | MIDDLE FOODS, LLC | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | MIDWEST CONTROL CORP | BRIDGEVIEW, IL | First Merchants Bank |
| $350,000–1 million | MIDWEST LANDSCAPE INDUSTRIES, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | MIDWEST MAINTENANCE AND CONSTRUCTION, INC. | GREENWOOD, IN | First Merchants Bank |
| $350,000–1 million | MIDWEST SECURITY FORCES LLC | CHESTERTON, IN | First Merchants Bank |
| $150,000–350,000 | MIDWEST SPECIALTY SURGERY CENTER LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | MIDWEST VANS, LLC | SCHILLER PARK, IL | First Merchants Bank |
| $150,000–350,000 | MIERS EXCAVATING & DEMOLITION INC. | NEW CASTLE, IN | First Merchants Bank |
| $150,000–350,000 | MILAN CAST METAL CORP | MILAN, MI | First Merchants Bank |
| $150,000–350,000 | MILAN CENTER FEED & GRAIN, INC. | NEW HAVEN, IN | First Merchants Bank |
| $150,000–350,000 | MILAN DENTAL ASSOCIATES DDS PC | MILAN, MI | First Merchants Bank |
| $1–2 million | MILES-MCCLELLAN CONSTRUCTION COMPANY, INC | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | MILLENNIUM SALES, INC. | SOLON, OH | First Merchants Bank |
| $150,000–350,000 | MILLER LAND SURVEYING, INC. | MONROE, IN | First Merchants Bank |
| $150,000–350,000 | MILLER'S AUTO BODY, INC. | NOBLESVILLE, IN | First Merchants Bank |
| $150,000–350,000 | MILLER'S TOWING AND TRANSPORT LLC | NOBLESVILLE, IN | First Merchants Bank |
| $150,000–350,000 | MILLWRIGHT SOLUTIONS LLC | WABASH, IN | First Merchants Bank |
| $150,000–350,000 | MILNE SUPPLY CO., INC. | MUNSTER, IN | First Merchants Bank |
| $150,000–350,000 | MINER ELECTRONICS LABORATORIES, INC. | MUNSTER, IN | First Merchants Bank |
| $350,000–1 million | MINNETRISTA CULTURAL FOUNDATION INC | MUNCIE, IN | First Merchants Bank |
| $350,000–1 million | MINNICH POULTRY LLC | PORTLAND, IN | First Merchants Bank |
| $150,000–350,000 | MITCH SMITH AUTO SALES AND SERVICE LLC | ANDERSON, IN | First Merchants Bank |
| $150,000–350,000 | MITCHELL FABRICS LLC | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | MITCHELL INSURANE AGENCY, INC. | PLAIN CITY, OH | First Merchants Bank |
| $150,000–350,000 | MJF INDUSTRIES INC | VALPARAISO, IN | First Merchants Bank |
| $150,000–350,000 | MKD DENTAL GROUP | GRABILL, IN | First Merchants Bank |
| $1–2 million | MKSK, INC. | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | MMK CARE INC. | MUNSTER, IN | First Merchants Bank |
| $150,000–350,000 | MODELL FUNERAL HOME, LTD | DARIEN, IL | First Merchants Bank |
| $350,000–1 million | MODERN TRAILER SALES INC | ANDERSON, IN | First Merchants Bank |
| $350,000–1 million | MOMAX MARBLE & GRANITE INC. | MERRILLVILLE, IN | First Merchants Bank |
| $350,000–1 million | MONROE CUSTOM UTILITY BODIES, INC. | GREENFIELD, IN | First Merchants Bank |
| $350,000–1 million | MONROE DODGE CHRYSLER, INC. | MONROE, MI | First Merchants Bank |
| $350,000–1 million | MONROE ENVIRONMENTAL CORPORATION | MONROE, MI | First Merchants Bank |
| $150,000–350,000 | MONROE RESTORATION AND CLEANING, INC. | SOUTH BEND, IN | First Merchants Bank |
| $150,000–350,000 | MONTICELLO FARM SERVICE INC | MONTICELLO, IN | First Merchants Bank |
| $150,000–350,000 | MORREY'S CONTRACTING | DETROIT, MI | First Merchants Bank |
| $350,000–1 million | MORRIS MOTOR SERVICE, INC | WANATAH, IN | First Merchants Bank |
| $350,000–1 million | MOSSER'S SHOES, INC. | DANVILLE, IL | First Merchants Bank |
| $150,000–350,000 | MOTE FARM SERVICE INC | UNION CITY, IN | First Merchants Bank |
| $150,000–350,000 | MS CAPITAL LIGHTING LLC | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | MS MANUFACTURING LLC | BRAZIL, IN | First Merchants Bank |
| $150,000–350,000 | MT ENTERPRISES, INC. | NOBLESVILLE, IN | First Merchants Bank |
| $1–2 million | MTS BURGESS LLC | TEMPERANCE, MI | First Merchants Bank |
| $150,000–350,000 | MUNCIE CASTING CORP | MUNCIE, IN | First Merchants Bank |
| $350,000–1 million | MUNCIE NOVELTY CO INC. | MUNCIE, IN | First Merchants Bank |
| $350,000–1 million | MUNSTER STEEL CO., INC. | HAMMOND, IN | First Merchants Bank |
| $150,000–350,000 | MURRAY MURPHY MOUL + BASIL LLP | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | NANOCHEM TECHNOLOGIES LLC | ELKHART, IN | First Merchants Bank |
| $350,000–1 million | NATIONAL GLASS & HARDWARE LLC | MARION, IN | First Merchants Bank |
| $150,000–350,000 | NAVARRE INC | SOUTH BEND, IN | First Merchants Bank |
| $150,000–350,000 | NEMCIK FAMILY DENTISTRY INC. | DUBLIN, OH | First Merchants Bank |
| $150,000–350,000 | NEOVISION, PC | LAFAYETTE, IN | First Merchants Bank |
| $350,000–1 million | NETFOR, INC. | FISHERS, IN | First Merchants Bank |
| $150,000–350,000 | NETWORK9 LLC | PLAIN CITY, OH | First Merchants Bank |
| $2–5 million | NEW AQUA LLC | AVON, IN | First Merchants Bank |
| $150,000–350,000 | NEW DIRECTION CHRISTIAN CHURCH | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | NEW SALEM BAPTIST CHURCH | COLUMBUS, OH | First Merchants Bank |
| $1–2 million | NEWCO DEALERS WHOLESALE, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | NEWPOINT SERVICES, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | NEWTON OIL COMPANY INC | LAFAYETTE, IN | First Merchants Bank |
| $350,000–1 million | NIA LLC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | NICHOLSON BUILDERS, INC. | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | NICHOLSON TERMINAL & DOCK COMPANY | RIVER ROUGE, MI | First Merchants Bank |
| $350,000–1 million | NOBLE INDUSTRIES INC | NOBLESVILLE, IN | First Merchants Bank |
| $350,000–1 million | NOBLE WIRE PRODUCTS | ORLAND, IN | First Merchants Bank |
| $1–2 million | NORMANDY CONSTRUCTION CO., INC. | HINSDALE, IL | First Merchants Bank |
| $150,000–350,000 | NORTH AMERICAN MIDWAY ENTERTAINMENT - ALL-STAR AMUSEMENT, LLC | FARMLAND, IN | First Merchants Bank |
| $150,000–350,000 | NORTH AMERICAN MIDWAY ENTERTAINMENT - AMUSEMENT SOUTH LLC | FARMLAND, IN | First Merchants Bank |
| $150,000–350,000 | NORTH AMERICAN MIDWAY ENTERTAINMENT - ASTRO AMUSEMENT LLC | FARMLAND, IN | First Merchants Bank |
| $350,000–1 million | NORTH AMERICAN MIDWAY ENTERTAINMENT - SOUTHEAST LLC | FARMLAND, IN | First Merchants Bank |
| $150,000–350,000 | NORTH AMERICAN MIDWAY ENTERTAINMENT, LLC | FARMLAND, IN | First Merchants Bank |
| $150,000–350,000 | NORTH KENNY VETERINARY HOSPITAL | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | NORTH OAKS DENTAL PLLC | ROYAL OAK, MI | First Merchants Bank |
| $350,000–1 million | NORTH STAR SHEETS, LLC | COTTAGE GROVE, MN | First Merchants Bank |
| $350,000–1 million | NORTH-SOUTH TRUCKING, INC. | MONROE, MI | First Merchants Bank |
| $1–2 million | NORTHVIEW CHRISTIAN LIFE CHURCH INC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | NORTHVILLE PHYSICAL REHABILITATION PC | NORTHVILLE, MI | First Merchants Bank |
| $150,000–350,000 | NORTHWEST EYECARE PROFESSIONALS, LLC | COLUMBUS, OH | First Merchants Bank |
| $5–10 million | NOVAE CORP | MARKLE, IN | First Merchants Bank |
| $350,000–1 million | NOW COURIER, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | NU-TEC ROOFING CONTRACTORS, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | NUTRITION 101 INC | PENDLETON, IN | First Merchants Bank |
| $150,000–350,000 | NUTRITION 101 TRANSPORT, LLC | PENDLETON, IN | First Merchants Bank |
| $150,000–350,000 | O'NEAL EXCAVATING AND CONSTRUCTION, INC. | FORT WAYNE, IN | First Merchants Bank |
| $1–2 million | OAK MOTORS, INC. | DALEVILLE, IN | First Merchants Bank |
| $150,000–350,000 | OAKWOOD RESORT, LLC | SYRACUSE, IN | First Merchants Bank |
| $150,000–350,000 | OCM ENGINEERING, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | OHIO BUILDING RESTORATION INC. | TOLEDO, OH | First Merchants Bank |
| $350,000–1 million | OHLINGER DEVELOPMENT AND EDITORIAL COMPANY INC | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | OIL PATCH PUMP & SUPPLY, LLC | CHANUTE, KS | First Merchants Bank |
| $150,000–350,000 | OLES & ASSOCIATES LLC | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | OLSON CEMENT WORK INC. | DEARBORN HEIGHTS, MI | First Merchants Bank |
| $1–2 million | OPPORTUNITIES FOR POSITIVE GROWTH, INC. | FISHERS, IN | First Merchants Bank |
| $150,000–350,000 | OPTA FOODS LLC | DELPHI, IN | First Merchants Bank |