| $150,000–350,000 | ST. PAUL CATHOLIC PARISH | MARION, IN | First Merchants Bank |
| $150,000–350,000 | ST. PAUL EV. LUTHERAN CHURCH | Munster, IN | First Merchants Bank |
| $350,000–1 million | ST. PAUL EVANGELICAL LUTHERAN CHURCH | ANN ARBOR, MI | First Merchants Bank |
| $150,000–350,000 | STACKS LLC | Valparaiso, IN | First Merchants Bank |
| $150,000–350,000 | STACKS LLC | VALPARAISO, IN | First Merchants Bank |
| $150,000–350,000 | STACY D. JOHNSON DDS PC | Greenwood, IN | First Merchants Bank |
| $150,000–350,000 | STACY D. JOHNSON, DDS, PC | Greenwood, IN | First Merchants Bank |
| $1–2 million | STAFFWORKS GROUP USA INC | Auburn Hills, MI | First Merchants Bank |
| $1–2 million | STAFFWORKS GROUP-WISCONSIN INC | SOUTHFIELD, MI | First Merchants Bank |
| $350,000–1 million | STANDARD CHANGE-MAKERS, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | STAR ENGINEERING & MACHINE COMPANY, INC. | Bluffton, IN | First Merchants Bank |
| $350,000–1 million | STAR ENGINEERING AND MACHINE CO | Bluffton, IN | First Merchants Bank |
| $150,000–350,000 | START SMILING DENTAL IMPLANT CENTERS, LLC | Northfield, IL | First Merchants Bank |
| $350,000–1 million | STATE CRUSHING, INC. | Auburn Hills, MI | First Merchants Bank |
| $150,000–350,000 | STATION IV LLC | Walled Lake, MI | First Merchants Bank |
| $150,000–350,000 | STATION IV, LLC | WALLED LAKE, MI | First Merchants Bank |
| $150,000–350,000 | STEINER ENTERPRISES INC. | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | STEINER ENTERPRISES INC. | Lafayette, IN | First Merchants Bank |
| $1–2 million | STELLAR PRIVATE CABLE SYSTEMS, INC. | AKRON, OH | First Merchants Bank |
| $150,000–350,000 | STEPHEN E. JACOBSON D.D.S. P.C. | Commerce Township, MI | First Merchants Bank |
| $1–2 million | STERLING ERECTORS INC. | Sterling Heights, MI | First Merchants Bank |
| $1–2 million | STERLING ERECTORS INC. | STERLING HEIGHTS, MI | First Merchants Bank |
| $1–2 million | STERLING PAPER COMPANY | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | STERLING UNITED LIMITED | Brighton, MI | First Merchants Bank |
| $1–2 million | STEVENS DISPOSAL & RECYCLING SERVICE INC | Petersburg, MI | First Merchants Bank |
| $150,000–350,000 | STILL WATERS PROFESSIONAL COUNSELING, LLC | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | STOCK DRILLING INC. | Petersburg, MI | First Merchants Bank |
| $150,000–350,000 | STOCK DRILLING INC. | Petersburg, MI | First Merchants Bank |
| $150,000–350,000 | STOLLER DENTAL LABORATORY, INC. | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | STONE COLD ENTERPRISES INC. | Westland, MI | First Merchants Bank |
| $150,000–350,000 | STRATEGIC MEASUREMENT AND EVALUATION INC. | Lafayette, IN | First Merchants Bank |
| $150,000–350,000 | STRATEGIC MEASUREMENT AND EVALUATION, INC. | LAFAYETTE, IN | First Merchants Bank |
| $350,000–1 million | STRATEGY PLASTICS LLC | Williamston, SC | First Merchants Bank |
| $350,000–1 million | STRATEGY PLASTICS, LLC | Williamston, SC | First Merchants Bank |
| $150,000–350,000 | STRATICE SOLUTIONS, LLC | CARMEL, IN | First Merchants Bank |
| $150,000–350,000 | STRENGTH CAPITAL PARTNERS, L.L.C. | BIRMINGHAM, MI | First Merchants Bank |
| $150,000–350,000 | STRIKEPOINT MEDIA LLC | LAGUNA BEACH, CA | First Merchants Bank |
| $150,000–350,000 | STS. JOAN OF ARC & PATRICK SCHOOL | KOKOMO, IN | First Merchants Bank |
| $350,000–1 million | SUBURBAN ACCESS, INC. | HOMEWOOD, IL | First Merchants Bank |
| $150,000–350,000 | SUBWAY OPERATIONS, INC. | DECATUR, IN | First Merchants Bank |
| $1–2 million | SUBWAY SYSTEMS LLC | Fort Wayne, IN | First Merchants Bank |
| $350,000–1 million | SUBWAY SYSTEMS, LLC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | SULLIVAN WARD PATTON GLEESON & FELTY PC | Southfield, MI | First Merchants Bank |
| $350,000–1 million | SULLIVAN, WARD, PATTON, GLEESON, & FELTY, P.C. | Southfield, MI | First Merchants Bank |
| $350,000–1 million | SUMMIT CONSTRUCTION CO, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | SUMMIT CONSTRUCTION CO. INC. | Indianapolis, IN | First Merchants Bank |
| $1–2 million | SUMMIT HEARTLAND, LLC | REMINGTON, IN | First Merchants Bank |
| $350,000–1 million | SUMMIT LIVESTOCK FACILITIES, LLC | REMINGTON, IN | First Merchants Bank |
| $150,000–350,000 | SUMMIT MANAGEMENT GROUP, INC. | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | SUMMIT VETERINARY ASSOCIATES INC. | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | SUN KING BREWING COMPANY, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SUNCREST CHRISTIAN CHURCH INC. | Saint John, IN | First Merchants Bank |
| $350,000–1 million | SUPERIOR CONTRACTORS, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $2–5 million | SUPERIOR FIBERS, LLC. | REEDSVILLE, WV | First Merchants Bank |
| $1–2 million | SUPERIOR LOGISTICS OHIO LLC | Lancaster, OH | First Merchants Bank |
| $1–2 million | SUPERIOR LOGISTICS OHIO LLC | LANCASTER, OH | First Merchants Bank |
| $150,000–350,000 | SUPERIOR TOTE SOLUTIONS INC | Summitville, IN | First Merchants Bank |
| $1–2 million | SUPERIOR TRAFFIC CONTROL LLC | CHRISTIANA, TN | First Merchants Bank |
| $150,000–350,000 | SURFACE SOLUTIONS, LLC | Livonia, MI | First Merchants Bank |
| $150,000–350,000 | SVP CORPORATION | Ann Arbor, MI | First Merchants Bank |
| $1–2 million | SWENEY ELECTRIC COMPANY | MERRILLVILLE, IN | First Merchants Bank |
| $1–2 million | SWENEY ELECTRIC COMPANY INC. | Merrillville, IN | First Merchants Bank |
| $150,000–350,000 | SWG BRIGHTON, LLC | BRIGHTON, MI | First Merchants Bank |
| $150,000–350,000 | SWG OKEMOS, LLC | OKEMOS, MI | First Merchants Bank |
| $150,000–350,000 | SWITZER TANK LINES, INC. | MOUNT SUMMIT, IN | First Merchants Bank |
| $150,000–350,000 | SYM DISTRIBUTION | Columbus, OH | First Merchants Bank |
| $2–5 million | SYNDICATE SALES INC | KOKOMO, IN | First Merchants Bank |
| $2–5 million | SYNDICATE SALES INC. | Kokomo, IN | First Merchants Bank |
| $350,000–1 million | SYNERGIA AUTOMOTIVE LLC | TROY, MI | First Merchants Bank |
| $150,000–350,000 | SYNERGISTIC SOLUTIONS, LLC | Greenwood, IN | First Merchants Bank |
| $350,000–1 million | SYNERGY SOLUTIONS LLC | Detroit, MI | First Merchants Bank |
| $150,000–350,000 | SYSTEM OF STRENGTH LLC | Columbus, OH | First Merchants Bank |
| $150,000–350,000 | SYSTEM OF STRENGTH, LLC | COLUMBUS, OH | First Merchants Bank |
| $150,000–350,000 | SYSTEMATIC MANUFACTURING, INC. | Sterling Heights, MI | First Merchants Bank |
| $150,000–350,000 | SYSTEMATIC MANUFACTURING, INC. | Sterling Heights, MI | First Merchants Bank |
| $350,000–1 million | SYSTEMP CORP | Rochester Hills, MI | First Merchants Bank |
| $350,000–1 million | SYSTEMP CORPORATION | ROCHESTER HILLS, MI | First Merchants Bank |
| $350,000–1 million | T & W CORPORATION | Indianapolis, IN | First Merchants Bank |
| $150,000–350,000 | T&S EXPRESS INC | Pickerington, OH | First Merchants Bank |
| $350,000–1 million | T&W CORP. | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | TANNER SUPPLY COMPANY INC | Temperance, MI | First Merchants Bank |
| $350,000–1 million | TANNER SUPPLY COMPANY INC | TEMPERANCE, MI | First Merchants Bank |
| $350,000–1 million | TANOURY, NAUTS, MCKINNEY, & GARBARINO PLLC | LIVONIA, MI | First Merchants Bank |
| $150,000–350,000 | TATMAN INCORPORATED | Connersville, IN | First Merchants Bank |
| $150,000–350,000 | TATMAN, INC | Connersvills, IN | First Merchants Bank |
| $350,000–1 million | TAXMAN HOLDINGS INC. | Bargersville, IN | First Merchants Bank |
| $350,000–1 million | TAXMAN HOLDINGS INC. | BARGERSVILLE, IN | First Merchants Bank |
| $350,000–1 million | TAYLOR STATION SURGICAL CENTER | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | TCWC LLC | Traverse City, MI | First Merchants Bank |
| $150,000–350,000 | TCWC LLC | TRAVERSE CITY, MI | First Merchants Bank |
| $150,000–350,000 | TEAM ELECTRICAL SALES, LTD. | Detroit, MI | First Merchants Bank |
| $150,000–350,000 | TEBIS AMERICA INC | Troy, MI | First Merchants Bank |
| $150,000–350,000 | TEBIS AMERICA, INC. | TROY, MI | First Merchants Bank |
| $350,000–1 million | TECHNOLOGY SITE PLANNERS, INC. | PLAIN CITY, OH | First Merchants Bank |
| $150,000–350,000 | TECTON CONSTRUCTION MANAGEMENT, INC. | LAFAYETTE, IN | First Merchants Bank |
| $150,000–350,000 | TEK PYRAMIDS INC | SOUTHFIELD, MI | First Merchants Bank |
| $150,000–350,000 | TEK PYRAMIDS INC. | Southfield, MI | First Merchants Bank |
| $150,000–350,000 | TEKTON RESTORATION SERVICES LLC | Burns Harbor, IN | First Merchants Bank |
| $150,000–350,000 | TEKTON RESTORATION SERVICES, LLC | CHESTERTON, IN | First Merchants Bank |
| $150,000–350,000 | TELLMAN ENTERPRISES INC | FORT WAYNE, IN | First Merchants Bank |