| $150,000–350,000 | ROURKE & BLUMENTHAL LLC | Columbus, OH | First Merchants Bank |
| $150,000–350,000 | ROURKE & BLUMENTHAL LLC | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | ROY UMBARGER AND SONS, INC. | BARGERSVILLE, IN | First Merchants Bank |
| $150,000–350,000 | ROYAL ARC WELDING CO. | Flat Rock, MI | First Merchants Bank |
| $350,000–1 million | ROYAL SPA CORPORATION | INDIANAPOLIS, IN | First Merchants Bank |
| $2–5 million | ROYAL TRUCK AND TRAILER SALES & SERVICE INC. | WIXOM, MI | First Merchants Bank |
| $350,000–1 million | RPS, INC. | MICHIGAN CITY, IN | First Merchants Bank |
| $150,000–350,000 | RSC OF ANN ARBOR, LLC | ANN ARBOR, MI | First Merchants Bank |
| $150,000–350,000 | RSC OF BAY CITY, LLC | BAY CITY, MI | First Merchants Bank |
| $150,000–350,000 | RSC OF NAPLES, LLC | NAPLES, FL | First Merchants Bank |
| $350,000–1 million | RSC OF TOLEDO, LLC | TOLEDO, OH | First Merchants Bank |
| $150,000–350,000 | RT PIZZA, INC. | Shelby Township, MI | First Merchants Bank |
| $150,000–350,000 | RTJ FOODS LLC | DEARBORN, MI | First Merchants Bank |
| $150,000–350,000 | RUCKMAN'S TRUCK CENTER, INC. | Fort Wayne, IN | First Merchants Bank |
| $150,000–350,000 | RUHLIG FARMS, LLC | CARLETON, MI | First Merchants Bank |
| $1–2 million | RUNNEBOHM CONSTRUCTION COMPANY, INC. | SHELBYVILLE, IN | First Merchants Bank |
| $150,000–350,000 | RUPP FUNERAL HOME, INC. | MONROE, MI | First Merchants Bank |
| $150,000–350,000 | RUSS MOORE INC | Fort Wayne, IN | First Merchants Bank |
| $350,000–1 million | RUSSELL PLASTERING CO. | Ferndale, MI | First Merchants Bank |
| $350,000–1 million | RUSSELL PLASTERING CO. | FERNDALE, MI | First Merchants Bank |
| $150,000–350,000 | RUSSELL'S TRAILER REPAIR, INC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | RWE MANAGEMENT COMPANY | WILLOWBROOK, IL | First Merchants Bank |
| $150,000–350,000 | RYAN M WALTON DDS INC | Akron, OH | First Merchants Bank |
| $150,000–350,000 | RYAN M WALTON DDS INC | Akron, OH | First Merchants Bank |
| $150,000–350,000 | RYAN'S HIGHWAY AUTO PARTS INC | ROSEVILLE, MI | First Merchants Bank |
| $150,000–350,000 | RYAN'S HIGHWAY AUTO PARTS INC | Roseville, MI | First Merchants Bank |
| $150,000–350,000 | RYAN'S HUBBEL AUTO PARTS INC | Detroit, MI | First Merchants Bank |
| $150,000–350,000 | RYAN'S HUBBELL AUTO PARTS INC | DETROIT, MI | First Merchants Bank |
| $150,000–350,000 | RYAN'S NORTHEND AUTO PARTS | FERNDALE, MI | First Merchants Bank |
| $150,000–350,000 | RYAN'S NORTHEND AUTO PARTS INC | Ferndale, MI | First Merchants Bank |
| $150,000–350,000 | RZ RESTAURANT GROUP LLC | Columbus, OH | First Merchants Bank |
| $150,000–350,000 | S & C DISTRIBUTION COMPANY | TINLEY PARK, IL | First Merchants Bank |
| $150,000–350,000 | S & C DISTRIBUTION COMPANY | Tinley Park, IL | First Merchants Bank |
| $1–2 million | S & G ACQUISITION, LLC | Hilliard, OH | First Merchants Bank |
| $1–2 million | S & G ACQUISITION, LLC | Hilliard, OH | First Merchants Bank |
| $150,000–350,000 | S T WAREHOUSING INC. | BLOOMFIELD HILLS, MI | First Merchants Bank |
| $2–5 million | S&A SOLUTIONS, INC. | STERLING HEIGHTS, MI | First Merchants Bank |
| $150,000–350,000 | S.A. BOYCE CORPORATION | Muncie, IN | First Merchants Bank |
| $150,000–350,000 | S.A. BOYCE CORPORATION | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | S.D.P. MANUFACTURING INC | Dunkirk, IN | First Merchants Bank |
| $150,000–350,000 | S4 NETQUEST LTD | Columbus, OH | First Merchants Bank |
| $150,000–350,000 | S4 NETQUEST LTD. | COLUMBUS, OH | First Merchants Bank |
| $2–5 million | SACHSE CONSTRUCTION | Detroit, MI | First Merchants Bank |
| $2–5 million | SACHSE CONSTRUCTION AND DEVELOPMENT COMPANY | DETROIT, MI | First Merchants Bank |
| $150,000–350,000 | SACRAMENTO MEDIA, LLC | TROY, MI | First Merchants Bank |
| $150,000–350,000 | SAFARI LIFE CHILD CARE & LEARNING CENTER INC. | LYNWOOD, IL | First Merchants Bank |
| $150,000–350,000 | SAFE RECOVERY, INC. | MIDDLETOWN, IN | First Merchants Bank |
| $150,000–350,000 | SAINT JOSEPH'S COLLEGE | RENSSELAER, IN | First Merchants Bank |
| $150,000–350,000 | SAINT JOSEPH'S COLLEGE | Rensselaer, IN | First Merchants Bank |
| $150,000–350,000 | SALLAN, NEWES, LYMAN & STRAKOVITS CPAS PC | FARMINGTON HILLS, MI | First Merchants Bank |
| $150,000–350,000 | SALVATORE CORPORATION | Birmingham, MI | First Merchants Bank |
| $350,000–1 million | SALYER PLUMBING INC | HAMMOND, IN | First Merchants Bank |
| $350,000–1 million | SANA HEALTH INC | Trenton, MI | First Merchants Bank |
| $350,000–1 million | SANA NASIR INC | Riverview, MI | First Merchants Bank |
| $1–2 million | SANCTUARY WEALTH GROUP, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SANDMAN BROS., INC. | SHELBYVILLE, IN | First Merchants Bank |
| $150,000–350,000 | SANDRICK LAW FIRM, LLC | SOUTH HOLLAND, IL | First Merchants Bank |
| $350,000–1 million | SANDS DECKER CPS, LLC | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | SANJO STEEL INC. | Greenwood, IN | First Merchants Bank |
| $150,000–350,000 | SANJO STEEL, INC. | GREENWOOD, IN | First Merchants Bank |
| $150,000–350,000 | SANTOS CEMENT 1 INC | Lincoln Park, MI | First Merchants Bank |
| $350,000–1 million | SARETSKY HART MICHAELS & GOULD P.C. | Birmingham, MI | First Merchants Bank |
| $150,000–350,000 | SAUDER FEEDS, INC. | GRABILL, IN | First Merchants Bank |
| $150,000–350,000 | SAVAYA & SONS INC | HIGHLAND PARK, MI | First Merchants Bank |
| $150,000–350,000 | SAVCO HOSPITALITY INC | Ann Arbor, MI | First Merchants Bank |
| $350,000–1 million | SC BODNER COMPANY INC. | Indianapolis, IN | First Merchants Bank |
| $350,000–1 million | SC BODNER COMPANY, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SC MANUFACTURING TEXAS LLC | JOSHUA, TX | First Merchants Bank |
| $350,000–1 million | SCHAEFER TECHNOLOGIES, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SCHAFER AGENCYS' INC | Carleton, MI | First Merchants Bank |
| $1–2 million | SCHNEIDER ENGINEERING CORPORATION | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | SCHNEIDER GEOSPATIAL, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SCHOMERS PLUMBING & HEATING, LLC | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | SCHOOLHOUSE LEARNING COMMUNITIES INC | Canton, MI | First Merchants Bank |
| $350,000–1 million | SCHOOLHOUSE LEARNING COMMUNITIES, INC | Northville, MI | First Merchants Bank |
| $150,000–350,000 | SCHUST MECHANICAL SYSTEMS LLC | Laotto, IN | First Merchants Bank |
| $150,000–350,000 | SCHUST MECHANICAL SYSTEMS, LLC | LAOTTO, IN | First Merchants Bank |
| $350,000–1 million | SCIOTO VALLEY HOT TUBS & SPAS, INC. | HILLIARD, OH | First Merchants Bank |
| $150,000–350,000 | SCO ENGINEERING LLC | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | SCOTT W NIEMAN DDS INC | Westerville, OH | First Merchants Bank |
| $150,000–350,000 | SCOTT W NIEMAN DDS INC | Westerville, OH | First Merchants Bank |
| $150,000–350,000 | SCS ENVIRONMENTAL CONTRACTING INC. | Fort Wayne, IN | First Merchants Bank |
| $150,000–350,000 | SCS ENVIRONMENTAL CONTRACTING, INC. | FORT WAYNE, IN | First Merchants Bank |
| $1–2 million | SDI INNOVATIONS, INC. | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | SDP MANUFACTURING INC | DUNKIRK, IN | First Merchants Bank |
| $350,000–1 million | SEAFOOD OF DETROIT LLC | Detroit, MI | First Merchants Bank |
| $350,000–1 million | SEAFOOD OF DETROIT LLC | Detroit, MI | First Merchants Bank |
| $150,000–350,000 | SECOND HARVEST FOOD BANK OF EAST CENTRAL INDIANA | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | SECOND TO NONE, INCORPORATED | ANN ARBOR, MI | First Merchants Bank |
| $350,000–1 million | SECORD FARMS L.L.C. | Erie, MI | First Merchants Bank |
| $350,000–1 million | SECORD FARMS LLC | ERIE, MI | First Merchants Bank |
| $150,000–350,000 | SECURITY MORTGAGE CORPORATION | FARMINGTON HILLS, MI | First Merchants Bank |
| $150,000–350,000 | SEEMAC, INCORPORATED | CARMEL, IN | First Merchants Bank |
| $350,000–1 million | SELLERS AUTO GROUP INC | Farmington Hills, MI | First Merchants Bank |
| $1–2 million | SELLERS AUTOMOTIVE INC. | Farmington, MI | First Merchants Bank |
| $350,000–1 million | SENIORS WELLNESS GROUP OF MICHIGAN PC | Royal Oak, MI | First Merchants Bank |
| $350,000–1 million | SENIORS WELLNESS GROUP OF MICHIGAN PC | ROYAL OAK, MI | First Merchants Bank |
| $150,000–350,000 | SENIORS WELLNESS GROUP OF OAKLAND COUNTY, LLC. | ROYAL OAK, MI | First Merchants Bank |
| $150,000–350,000 | SENIORS WELLNESS GROUP P.C. | Royal Oak, MI | First Merchants Bank |
| $150,000–350,000 | SENTINEL SERVICES INC | GRANGER, IN | First Merchants Bank |