| $350,000–1 million | ORAL & MAXILLOFACIAL SURGERY ASSOCIATES, P. C. | FORT WAYNE, IN | First Merchants Bank |
| $1–2 million | ORANGE BARREL MEDIA LLC | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | ORS, INC. | FISHERS, IN | First Merchants Bank |
| $150,000–350,000 | OTT EQUIPMENT SERVICES, INC. | NOBLESVILLE, IN | First Merchants Bank |
| $350,000–1 million | OTTENWELLER CONTRACTING, LLC | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | OUR LADY OF BETHLEHEM SCHOOLS INC. BOARD OF TRUSTEES | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | OUR LADY OF MT CARMEL CATHOLIC CHURCH | CARMEL, IN | First Merchants Bank |
| $1–2 million | OVERTON INDUSTRIES INC | MOORESVILLE, IN | First Merchants Bank |
| $350,000–1 million | P & B COLD STORAGE, INC. | WOODBURN, IN | First Merchants Bank |
| $150,000–350,000 | P & B TRUCKING INC | DECATUR, IN | First Merchants Bank |
| $350,000–1 million | P&R INVESTMENTS INC | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | P-NOBLESVILLE, INC. | TIPTON, IN | First Merchants Bank |
| $150,000–350,000 | PALM ENTERPRISES INC | SCHERERVILLE, IN | First Merchants Bank |
| $150,000–350,000 | PANTHEON STUDENT SOLUTIONS, INC. | DARIEN, IL | First Merchants Bank |
| $1–2 million | PARADIGM LIVING CONCEPTS, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $2–5 million | PARADIGM OPERATING COMPANY, LLC | PORTLAND, ME | First Merchants Bank |
| $150,000–350,000 | PARK CHAPEL CHRISTIAN CHURCH | GREENFIELD, IN | First Merchants Bank |
| $150,000–350,000 | PARK OUTDOOR MAINTENANCE, INC. | MONROVIA, IN | First Merchants Bank |
| $350,000–1 million | PASHEN, INC. | FISHERS, IN | First Merchants Bank |
| $150,000–350,000 | PAVEMENT SOLUTIONS, INC. | MIDDLETOWN, IN | First Merchants Bank |
| $1–2 million | PD INTERNATIONAL HOLDINGS, LLC | SAINT LOUIS, MO | First Merchants Bank |
| $350,000–1 million | PDQ WORKHOLDING, LLC | COLUMBIA CITY, IN | First Merchants Bank |
| $150,000–350,000 | PEARL REAL ESTATE MANAGEMENT, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | PEDIATRIC & ADOLESCENT MEDICINE | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | PEDIATRIC DENTAL CENTER INC. | BURLINGTON, KY | First Merchants Bank |
| $350,000–1 million | PEERLESS SAW COMPANY | GROVEPORT, OH | First Merchants Bank |
| $150,000–350,000 | PEPKA INDUSTRIES, INC. | SHELBYVILLE, IN | First Merchants Bank |
| $350,000–1 million | PHOENIX COMMUNITY SERVICES, LLC | ANDERSON, IN | First Merchants Bank |
| $150,000–350,000 | PHOENIX MATERIAL MANAGEMENT LLC | GREENWOOD, IN | First Merchants Bank |
| $150,000–350,000 | PHOTOWEB PURE DIGITAL PHOTOGRAPHY INC. | PUEBLO, CO | First Merchants Bank |
| $150,000–350,000 | PINKERTON OIL CO.,INC. | CHESTERTON, IN | First Merchants Bank |
| $1–2 million | PINNACLE CORRUGATED, LLC | LANDIS, NC | First Merchants Bank |
| $1–2 million | PINNACLE PARTNERS, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $1–2 million | PIPE VALVES, INC. | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | PIPE, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | PLAINFIELD UNITED METHODIST CHURCH, INC. | PLAINFIELD, IN | First Merchants Bank |
| $150,000–350,000 | PLANT ENGINEERING SERVICES INC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | PLATINUM TRANSPORTATION | TAYLOR, MI | First Merchants Bank |
| $350,000–1 million | PLINA, INC. | HOBART, IN | First Merchants Bank |
| $150,000–350,000 | PLYMOUTH VETERINARY CLINIC, LLC | PLYMOUTH, IN | First Merchants Bank |
| $150,000–350,000 | POISEL CONSTRUCTION INC | LAFAYETTE, IN | First Merchants Bank |
| $350,000–1 million | POLAR KING INTERNATIONAL INC | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | POLAR LEASING COMPANY, INC. | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | POLLY MANAGEMENT LLC | DELPHI, IN | First Merchants Bank |
| $350,000–1 million | PONDURANCE LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $5–10 million | PORTER INC. | DECATUR, IN | First Merchants Bank |
| $350,000–1 million | POSSIBILITIES NORTHEAST, LLC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | POWERSOURCE TRANSPORTATION,INC | PORTAGE, IN | First Merchants Bank |
| $150,000–350,000 | POWERZONE INC | TOLEDO, OH | First Merchants Bank |
| $150,000–350,000 | PRECISION BUILDERS, INC. | GARY, IN | First Merchants Bank |
| $150,000–350,000 | PRECISION INTERIORS LLC | BLISSFIELD, MI | First Merchants Bank |
| $350,000–1 million | PRECISION PRODUCTION LLC | STRONGSVILLE, OH | First Merchants Bank |
| $1–2 million | PRECISION TOOLS SERVICE, INC. | COLUMBUS, IN | First Merchants Bank |
| $1–2 million | PREFERRED REAL ESTATE INVESTMENTS, INC. | COLUMBUS, OH | First Merchants Bank |
| $2–5 million | PREFERRED WIRELESS, LLC | DELAWARE, OH | First Merchants Bank |
| $150,000–350,000 | PREMIER ANESTHESIOLOGISTS LTD. | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | PREMIER INDUSTRIES CORPORATION | MONROE, MI | First Merchants Bank |
| $1–2 million | PREMIER TRUCK RENTAL LLC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | PREMIUM HOME IMPROVEMENT SERVICES, LLC | CARMEL, IN | First Merchants Bank |
| $150,000–350,000 | PREVAIL PROSTHETICS & ORTHOTICS, INC. | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | PRIDE MOVING, INC. | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | PRIDEMARK CONSTRUCTION INC | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | PRIME BODY AND PAINT LLC | LAFAYETTE, IN | First Merchants Bank |
| $350,000–1 million | PRINTER ZINK, INC. | ANDERSON, IN | First Merchants Bank |
| $150,000–350,000 | PRIORITY LANDSCAPE AND MAINTENANCE LLC | GARY, IN | First Merchants Bank |
| $350,000–1 million | PRO-CLAIM PLUS, INC. | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | PROGRESSIVE FLOORING SERVICES, INC. | ETNA, OH | First Merchants Bank |
| $150,000–350,000 | PROGRESSIVE SERVICES, INC. | ETNA, OH | First Merchants Bank |
| $350,000–1 million | PROSOURCE, LLC | GREENVILLE, SC | First Merchants Bank |
| $350,000–1 million | PROSPER TRAINING ACADEMY, LLC | CHICAGO, IL | First Merchants Bank |
| $350,000–1 million | PROTEAM SOLUTIONS INC | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | PROTIS EXECUTIVE INNOVATIONS, INC. | MIAMI, FL | First Merchants Bank |
| $350,000–1 million | PTS AUTOMATION, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | PWC EMPLOYMENT, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | PYATT BUILDERS, LLC | CARMEL, IN | First Merchants Bank |
| $150,000–350,000 | QUALITY PERFORMANCE PLUMBING INC. | MONROE, MI | First Merchants Bank |
| $150,000–350,000 | R & J HOME IMPROVEMENTS, INC. | MERRILLVILLE, IN | First Merchants Bank |
| $150,000–350,000 | R & T YODER ELECTRIC INC | LONDON, OH | First Merchants Bank |
| $350,000–1 million | R&J CARTAGE INC | CHESTERTON, IN | First Merchants Bank |
| $350,000–1 million | R.J. HANLON COMPANY, INC. | WESTFIELD, IN | First Merchants Bank |
| $2–5 million | R.L COOLSAET CONSTRUCTION CO. | TAYLOR, MI | First Merchants Bank |
| $1–2 million | R.L. MCCOY, INC. | COLUMBIA CITY, IN | First Merchants Bank |
| $150,000–350,000 | R.P. WAKEFIELD CO., INC. | WATERLOO, IN | First Merchants Bank |
| $150,000–350,000 | R.W. THOMAS, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $1–2 million | RADIOLOGY INC | POWELL, OH | First Merchants Bank |
| $350,000–1 million | RAG'S ELECTRIC, INC. | WOODRIDGE, IL | First Merchants Bank |
| $350,000–1 million | RAKER-ROBERTA'S YOUNG PLANTS, LLC | LITCHFIELD, MI | First Merchants Bank |
| $150,000–350,000 | RAMJO, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | RAND ENVIRONMENTAL SERVICES, INC. | ROMULUS, MI | First Merchants Bank |
| $350,000–1 million | RAND INDUSTRIAL INSULATION | ROMULUS, MI | First Merchants Bank |
| $350,000–1 million | RANDALL DERMATOLOGY, PC | WEST LAFAYETTE, IN | First Merchants Bank |
| $350,000–1 million | REBER MACHINE & TOOL CO INC | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | REED & COMPANY, PC | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | REILING, TEDER, & SCHRIER, LLC | LAFAYETTE, IN | First Merchants Bank |
| $350,000–1 million | RELIABLE TRANSPORTATION SPECIAISTS INC | CHESTERTON, IN | First Merchants Bank |
| $350,000–1 million | RELIANCE MACHINE COMPANY INC. | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | REMEDI CONSULTING COMPANY | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | REMEDIAL HEALTH CARE SERVICES, LLC | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | REPRODUCTIVE DIAGNOSTICS, INC. | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | REVEL & UNDERWOOD | FISHERS, IN | First Merchants Bank |