| $150,000–350,000 | PHOENIX MATERIAL MANAGEMENT LLC | GREENWOOD, IN | First Merchants Bank |
| $350,000–1 million | PHOENIX REFRIGERATION INC | WIXOM, MI | First Merchants Bank |
| $150,000–350,000 | PHOTOWEB PURE DIGITAL PHOTOGRAPHY INC. | Pueblo, CO | First Merchants Bank |
| $150,000–350,000 | PHOTOWEB PURE DIGITAL PHOTOGRAPHY INC. | Pueblo, CO | First Merchants Bank |
| $150,000–350,000 | PHX CONSTRUCTION, INC. | Ypsilanti, MI | First Merchants Bank |
| $350,000–1 million | PI ACQUISITION GROUP LLC | Wixom, MI | First Merchants Bank |
| $350,000–1 million | PI ACQUISITION GROUP, LLC | WIXOM, MI | First Merchants Bank |
| $350,000–1 million | PI SQUARE TECHNOLOGIES LLC | Farmington Hills, MI | First Merchants Bank |
| $350,000–1 million | PI SQUARE TECHNOLOGIES LLC | FARMINGTON HILLS, MI | First Merchants Bank |
| $150,000–350,000 | PINKERTON OIL CO INC | Porter, IN | 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 | PINNACLE PARTNERS, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $1–2 million | PIPE VALVES INC. | Columbus, OH | 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 SWIM SCHOOL, LLC | Plainfield, IL | 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 | PLANTERRA CORPORATION | West Bloomfield, MI | First Merchants Bank |
| $350,000–1 million | PLANTERRA CORPORATION | West Bloomfield, MI | First Merchants Bank |
| $350,000–1 million | PLATINUM TRANSPORTATION | TAYLOR, MI | First Merchants Bank |
| $350,000–1 million | PLINA INC. | Valparaiso, IN | First Merchants Bank |
| $350,000–1 million | PLINA, INC. | HOBART, IN | First Merchants Bank |
| $350,000–1 million | PLUM HOLLOW GOLF CLUB. | SOUTHFIELD, MI | 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 |
| $350,000–1 million | PORTABLE CHURCH INDUSTRIES INC | Troy, MI | First Merchants Bank |
| $350,000–1 million | PORTABLE CHURCH INDUSTRIES, INC. | Troy, MI | 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 | POSSIBILITIES NORTHEAST, LLC | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | POST GARDENS | ROCKWOOD, MI | First Merchants Bank |
| $150,000–350,000 | POST PRODUCTION SOLUTIONS LLC | Manchester, MI | First Merchants Bank |
| $150,000–350,000 | POST PRODUCTION SOLUTIONS LLC | MANCHESTER, MI | First Merchants Bank |
| $350,000–1 million | POWERSOURCE TRANSPORTATION INC. | Portage, 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 |
| $350,000–1 million | PPI LLC | WARREN, MI | First Merchants Bank |
| $350,000–1 million | PPI LLC | Warren, MI | First Merchants Bank |
| $150,000–350,000 | PRECISION BUILDERS INC. | Merrillville, IN | 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 |
| $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 |
| $150,000–350,000 | PREFERRED SOURCING SOLUTIONS, LLC | GROSSE POINTE FARMS, MI | First Merchants Bank |
| $2–5 million | PREFERRED WIRELESS, LLC | DELAWARE, OH | First Merchants Bank |
| $150,000–350,000 | PREMIER FACTORY SAFETY, LLC | Shelby Township, MI | First Merchants Bank |
| $150,000–350,000 | PREMIER ANESTHESIOLOGISTS LTD. | Columbus, OH | First Merchants Bank |
| $150,000–350,000 | PREMIER ANESTHESIOLOGISTS LTD. | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | PREMIER ENTERPRISE CO. INC. | ELMHURST, NY | First Merchants Bank |
| $350,000–1 million | PREMIER ENTERPRISE CO. INC. | Elmhurst, NY | First Merchants Bank |
| $150,000–350,000 | PREMIER INDUSTRIES CORPORATION | MONROE, MI | First Merchants Bank |
| $150,000–350,000 | PREMIER INDUSTRIES CORPORATION | Monroe, MI | First Merchants Bank |
| $150,000–350,000 | PREMIER PLUMBING INC | WHITE LAKE, 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 |
| $350,000–1 million | PRESTIGE ADVANCED INC | MADISON HEIGHTS, MI | First Merchants Bank |
| $350,000–1 million | PRESTIGE ADVANCED INC. | Madison Heights, MI | First Merchants Bank |
| $1–2 million | PRESTIGE ENGINEERING RECOURCES AND TECHNOLOGIES, INC. | Clinton Twp, MI | First Merchants Bank |
| $1–2 million | PRESTIGE ENGINEERING RESOURCES & TECHNO | Clinton Twp, MI | First Merchants Bank |
| $150,000–350,000 | PRESTIGE EXTREME MACHINING AND MANUFACTU | Clinton Township, MI | First Merchants Bank |
| $150,000–350,000 | PRESTIGE EXTREME MACHINING AND MANUFACTURING INC. | Clinton Township, MI | First Merchants Bank |
| $150,000–350,000 | PREVAIL PROSTHETICS & ORTHOTICS INC. | Fort Wayne, 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 |
| $350,000–1 million | PRIDEMARK CONSTRUCTION INC | Muncie, IN | First Merchants Bank |
| $150,000–350,000 | PRIME 29 INC | West Bloomfield, MI | First Merchants Bank |
| $150,000–350,000 | PRIME 29 INC | West Bloomfield, MI | First Merchants Bank |
| $150,000–350,000 | PRIME BODY AND PAINT LLC | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | PRIME ENERGY CONTRACT SERVICES LLC | Troy, MI | First Merchants Bank |
| $150,000–350,000 | PRIME QUALITY INC | Canton, MI | First Merchants Bank |
| $350,000–1 million | PRINTER ZINK INC | Anderson, 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 |
| $150,000–350,000 | PRIT ENTERPRISES INC. | West Bloomfield, MI | First Merchants Bank |
| $150,000–350,000 | PRO V GROUP LLC | DEARBORN, MI | First Merchants Bank |
| $350,000–1 million | PRO-CLAIM PLUS, INC. | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | PROACTIVE TECHNOLOGY MANAGEMENT, INC | Bingham Farms, MI | First Merchants Bank |
| $350,000–1 million | PROGRESSIVE FLOORING SERVICES INC | Etna, OH | First Merchants Bank |
| $350,000–1 million | PROGRESSIVE FLOORING SERVICES, INC. | ETNA, OH | First Merchants Bank |
| $1–2 million | PROGRESSIVE METAL MANUFACTURING COMPANY | Warren, MI | First Merchants Bank |
| $150,000–350,000 | PROGRESSIVE SERVICES, INC. | ETNA, OH | First Merchants Bank |
| $1–2 million | PROOS MANUFACTURING LLC FNA PROOS MANUFACTURING, INC. | Grand Rapids, MI | First Merchants Bank |
| $350,000–1 million | PROS SERVICES INC. | Roseville, MI | 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. | Delray Beach, FL | First Merchants Bank |
| $350,000–1 million | PROTIS EXECUTIVE INNOVATIONS, INC. | MIAMI, FL | First Merchants Bank |
| $350,000–1 million | PROVISION INSURANCE GROUP LLC | FRANKLIN, MI | First Merchants Bank |
| $350,000–1 million | PTI ASSEMBLY AND MACHINING L.L.C. | Detroit, MI | First Merchants Bank |