| $350,000–1 million | MONROE CATHOLIC ELEMENTARY SCHOOLS | Monroe, MI | First Merchants Bank |
| $350,000–1 million | MONROE CUSTOM UTILITY BODIES INC | Greenfield, 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 | MONROE SPORT CENTER INC | Monroe, MI | First Merchants Bank |
| $150,000–350,000 | MONROE URGENT CARE | MONROE, MI | First Merchants Bank |
| $150,000–350,000 | MONROE URGENT CARE P.C. | Monroe, MI | First Merchants Bank |
| $150,000–350,000 | MONTICELLO FARM SERVICE INC | MONTICELLO, IN | First Merchants Bank |
| $150,000–350,000 | MORLOGIC INC. | ANN ARBOR, MI | First Merchants Bank |
| $150,000–350,000 | MORREY'S CONTRACTING | DETROIT, MI | First Merchants Bank |
| $150,000–350,000 | MORREY'S CONTRACTING LLC | 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 |
| $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 |
| $350,000–1 million | MOTOVICITY DISTRIBUTION, INC. | Madison Heights, MI | First Merchants Bank |
| $350,000–1 million | MRPR GROUP PC | SOUTHFIELD, MI | First Merchants Bank |
| $150,000–350,000 | MRX HOLDINGS LLC | Royal Oak, MI | 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 |
| $350,000–1 million | MS MANUFACTURING LLC | BRAZIL, IN | First Merchants Bank |
| $350,000–1 million | MSVRG DOWNTOWN VENTURES, LLC | ANN ARBOR, MI | 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 |
| $350,000–1 million | MTS BURGESS LLC | Temperance, MI | First Merchants Bank |
| $350,000–1 million | MULTIPLE INDUSTRIAL CORP. | Livonia, MI | First Merchants Bank |
| $350,000–1 million | MULTIPLE INDUSTRIAL CORP. | Livonia, 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 | MUNCIE NOVELTY CO INC. | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | MUNDELEIN SWIM SCHOOL LLC. | Mundelein, IL | First Merchants Bank |
| $150,000–350,000 | MUNE GOWDA & ASSOCIATES, M.D., PLLC | Novi, MI | 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 |
| $150,000–350,000 | MURRAY MURPHY MOUL + BASIL LLP | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | NALCOR, LLC | FERNDALE, MI | First Merchants Bank |
| $350,000–1 million | NALCORLLC | Ferndale, MI | First Merchants Bank |
| $350,000–1 million | NANOCHEM TECHNOLOGIES LLC | ELKHART, IN | First Merchants Bank |
| $150,000–350,000 | NAPERVILLE SWIM SCHOOL LLC | Naperville, IL | First Merchants Bank |
| $150,000–350,000 | NAPERVILLE SWIM SCHOOL LLC | NAPERVILLE, IL | First Merchants Bank |
| $150,000–350,000 | NARA HOSPITALITY LLC | West Bloomfield, MI | First Merchants Bank |
| $150,000–350,000 | NARA HOSPITALITY LLC | WEST BLOOMFIELD, MI | First Merchants Bank |
| $150,000–350,000 | NARENS ASSOCIATES INC | Farmington Hills, MI | First Merchants Bank |
| $150,000–350,000 | NARENS ASSOCIATES, INC. | Farmington Hills, MI | First Merchants Bank |
| $150,000–350,000 | NATALIE E HENKE DDS PLLC | ANN ARBOR, MI | 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 | NEMCIK FAMILY DENTISTRY INC. | Dublin, OH | First Merchants Bank |
| $150,000–350,000 | NEOVISION PC | Lafayette, IN | First Merchants Bank |
| $150,000–350,000 | NEOVISION, PC | LAFAYETTE, IN | First Merchants Bank |
| $1–2 million | NETFOR INC. | Fishers, 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 |
| $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 PARADIGM PROMOTIONAL MARKETING, INC. | Livoina, MI | 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 |
| $1–2 million | NEWLAND MEDICAL ASSOCIATES PC | FRANKLIN, MI | First Merchants Bank |
| $350,000–1 million | NEWPOINT SERVICES 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 | 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 BUILDERS, INC. | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | NICHOLSON HILL GROUP, LLC | ANN ARBOR, MI | First Merchants Bank |
| $350,000–1 million | NICHOLSON TERMINAL & DOCK COMPANY | RIVER ROUGE, MI | First Merchants Bank |
| $350,000–1 million | NICKGRACE INC | Ann Arbor, MI | First Merchants Bank |
| $350,000–1 million | NICKGRACE INC | Ann Arbor, MI | First Merchants Bank |
| $150,000–350,000 | NINO & NICK LLC | Monroe, 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 |
| $350,000–1 million | NORCOTE INTERNATIONAL | Crawfordsville, 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 - ALL-STAR AMUSEMENT, LL | 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 - AMUSEMENT SOUTH LLC | FARMLAND, IN | First Merchants Bank |
| $150,000–350,000 | NORTH AMERICAN MIDWAY ENTERTAINMENT - ASTRO AMUSEMENT 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 |
| $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 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 |
| $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 |
| $350,000–1 million | NORTH-SOUTH TRUCKING, INC. | MONROE, MI | First Merchants Bank |
| $150,000–350,000 | NORTHERN ESTATES NORTH, L.L.C. | Belmont, 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 | NORTHVILLE PHYSICAL REHABILITATION PC | Northville, MI | First Merchants Bank |
| $150,000–350,000 | NORTHWEST DERMATOLOGY GROUP | Southfield, MI | First Merchants Bank |