| $350,000–1 million | VIBROMATIC COMPANY INC | NOBLESVILLE, IN | First Merchants Bank |
| $350,000–1 million | VIBROMATIC COMPANY INC. | Noblesville, IN | First Merchants Bank |
| $150,000–350,000 | VIMAX PUBLISHING AND MARKETING INC | MADISON HEIGHTS, MI | First Merchants Bank |
| $350,000–1 million | VINTAGE ARCHONICS INC | Fort Wayne, IN | First Merchants Bank |
| $350,000–1 million | VINTAGE ARCHONICS, INC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | VIP RESIDENTIAL CLEANING, LLC | POWELL, OH | First Merchants Bank |
| $150,000–350,000 | VIPOPCOWASH, LLC | Holland, MI | First Merchants Bank |
| $1–2 million | VISION INVESTMENT GROUP, INC. | Bluffton, IN | First Merchants Bank |
| $350,000–1 million | VISION INVESTMENT GROUP, INC. | BLUFFTON, IN | First Merchants Bank |
| $150,000–350,000 | VISION REALTY INT'L, LLC | SOUTH BEND, IN | First Merchants Bank |
| $1–2 million | VISITING NURSE & HOSPICE HOME INC. | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | W-L MOLDING OF MICHIGAN, LLC | Portage, MI | First Merchants Bank |
| $350,000–1 million | W. H. CANON INC. | Romulus, MI | First Merchants Bank |
| $150,000–350,000 | WABASH LANDING HOTEL ASSOCIATES LLC | Fishers, IN | First Merchants Bank |
| $150,000–350,000 | WABASH LANDING HOTEL ASSOCIATES, LLC | FISHERS, IN | First Merchants Bank |
| $350,000–1 million | WABEEK CC OPERATIONS LLC | West Bloomfield, MI | First Merchants Bank |
| $350,000–1 million | WABEEK CC OPERATIONS LLC | West Bloomfield, MI | First Merchants Bank |
| $150,000–350,000 | WABEEK HOSPITALITY LLC | Birmingham, MI | First Merchants Bank |
| $150,000–350,000 | WABEEK HOSPITALITY, LLC | Birmingham, MI | First Merchants Bank |
| $2–5 million | WAIKIKI INVESTORS LLC | Los Angeles, CA | First Merchants Bank |
| $1–2 million | WALKER INFORMATION, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $1–2 million | WALKER-MILLER ENERGY SERVICES LLC | Detroit, MI | First Merchants Bank |
| $1–2 million | WALKER-MILLER ENERGY SERVICES, LLC | DETROIT, MI | First Merchants Bank |
| $350,000–1 million | WALLACE CONSTRUCTION INC. | Martinsville, IN | First Merchants Bank |
| $350,000–1 million | WALLACE CONSTRUCTION, INC. | MARTINSVILLE, IN | First Merchants Bank |
| $350,000–1 million | WALNUT RIDGE FAMILY TRAILER SALES, INC. | NEW CASTLE, IN | First Merchants Bank |
| $350,000–1 million | WANNER METAL WORX, INC. | DELAWARE, OH | First Merchants Bank |
| $150,000–350,000 | WAP LLC | SHELBYVILLE, IN | First Merchants Bank |
| $350,000–1 million | WARWAG COATINGS, LLC | LAFAYETTE, IN | First Merchants Bank |
| $1–2 million | WASHERS INC | Livonia, MI | First Merchants Bank |
| $1–2 million | WASHERS, INCORPORATED | Livonia, MI | First Merchants Bank |
| $2–5 million | WASTEBUILT ENVIRONMENTAL SOLUTIONS, LLC | BOLINGBROOK, IL | First Merchants Bank |
| $350,000–1 million | WATER SOLUTIONS UNLIMITED, INC. | CAMBY, IN | First Merchants Bank |
| $350,000–1 million | WAYNE ASPHALT & CONSTRUCTION CO. INC. | Fort Wayne, IN | First Merchants Bank |
| $350,000–1 million | WAYNE ASPHALT & CONSTRUCTION CO., INC. | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | WAYNE PIPE & SUPPLY, INC. | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | WEARLY MONUMENTS, INC. | MUNCIE, IN | First Merchants Bank |
| $1–2 million | WEIHE CONSTRUCTION, INC. | NOBLESVILLE, IN | First Merchants Bank |
| $350,000–1 million | WEISMAN ENTERPRISES HOLDINGS INC. | Oxford, OH | First Merchants Bank |
| $150,000–350,000 | WEISMAN ENTERPRISES HOLDINGS INC. | OXFORD, OH | First Merchants Bank |
| $1–2 million | WELCOME FORT WAYNE LLC | Fort Wayne, IN | First Merchants Bank |
| $350,000–1 million | WELCOME FORT WAYNE LLC | FORT WAYNE, IN | First Merchants Bank |
| $350,000–1 million | WESLEY'S LAWN CARE INC | WESTFIELD, IN | First Merchants Bank |
| $150,000–350,000 | WEST WINGS INC | Livonia, MI | First Merchants Bank |
| $1–2 million | WESTMINSTER VILLAGE MUNCIE, INC. | MUNCIE, IN | First Merchants Bank |
| $150,000–350,000 | WESTWOOD DENTAL P.C. | Monroe, MI | First Merchants Bank |
| $150,000–350,000 | WESTWOOD DENTAL P.C. | Monroe, MI | First Merchants Bank |
| $350,000–1 million | WH CANON, INC | ROMULUS, MI | First Merchants Bank |
| $150,000–350,000 | WHEAT & RYE INC. | Romulus, MI | First Merchants Bank |
| $150,000–350,000 | WHITEBOARD MARKETING, LLC | DUBLIN, OH | First Merchants Bank |
| $150,000–350,000 | WIARD'S ORCHARDS INC | Ypsilanti, MI | First Merchants Bank |
| $350,000–1 million | WICK'S PIES, INC | WINCHESTER, IN | First Merchants Bank |
| $150,000–350,000 | WIDE OPEN VENTURES | MAXWELL, IN | First Merchants Bank |
| $350,000–1 million | WILLIAM MOLNAR ROOFING, INC. | BROWNSTOWN, MI | First Merchants Bank |
| $350,000–1 million | WILLIAM MOLNAR ROOFING, INC. | Brownstown, MI | First Merchants Bank |
| $150,000–350,000 | WILLIAMS BARRETT & WILKOWSKI LLP | Greenwood, IN | First Merchants Bank |
| $150,000–350,000 | WILLIAMS BARRETT & WILKOWSKI, LLP | GREENWOOD, IN | First Merchants Bank |
| $150,000–350,000 | WILLIAMS EMPLOYMENT CONSULTANTS INC | Richmond, IN | First Merchants Bank |
| $350,000–1 million | WILLIAMS, WILLIAMS, RATTNER & PLUNKETT, P.C. | Birmingham, MI | First Merchants Bank |
| $150,000–350,000 | WILLOWAY SUMMER DAY CAMP INC | WEST BLOOMFIELD, MI | First Merchants Bank |
| $150,000–350,000 | WILLOWAY SUMMER DAY CAMP INC. | West Bloomfield, MI | First Merchants Bank |
| $350,000–1 million | WILSON INDUSTRIAL SALES | RENSSELAER, IN | First Merchants Bank |
| $150,000–350,000 | WILSON TRANSPORTATION INC. | Rensselaer, IN | First Merchants Bank |
| $150,000–350,000 | WILSON WHITE COMPANY INC. | Ann Arbor, MI | First Merchants Bank |
| $150,000–350,000 | WILSON WHITE COMPANY, INC. | ANN ARBOR, MI | First Merchants Bank |
| $150,000–350,000 | WILSON'S FERTILIZER INC | BROOK, IN | First Merchants Bank |
| $150,000–350,000 | WILSON'S TRANSPORTATION, INC. | RENSSELAER, IN | First Merchants Bank |
| $150,000–350,000 | WING MEN LLP | Fort Wayne, IN | First Merchants Bank |
| $150,000–350,000 | WING MEN LLP | FORT WAYNE, IN | First Merchants Bank |
| $150,000–350,000 | WOLFERICH INSURANCE GROUP, LLC | ANDERSON, IN | First Merchants Bank |
| $150,000–350,000 | WOLFIES GRILL - CARMEL LLC | Carmel, IN | First Merchants Bank |
| $150,000–350,000 | WOLFIES GRILL - FISHERS | Fishers, IN | First Merchants Bank |
| $350,000–1 million | WOLFIES GRILL - GEIST LLC | Indianapolis, IN | First Merchants Bank |
| $350,000–1 million | WOLFIES GRILL - GEIST, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | WOLFIES GRILL - WESTFIELD LLC | Westfield, IN | First Merchants Bank |
| $150,000–350,000 | WOLFIES WATERFRONT GRILL, INC. | NOBLESVILLE, IN | First Merchants Bank |
| $150,000–350,000 | WOODSMITH INSTALLATION INC. | Ashley, OH | First Merchants Bank |
| $150,000–350,000 | WOODSMITH INSTALLATION, INC. | Ashley, OH | First Merchants Bank |
| $150,000–350,000 | WOODSPA GEIST | FISHERS, IN | First Merchants Bank |
| $150,000–350,000 | WOODSPA GEIST LLC | Fishers, IN | First Merchants Bank |
| $150,000–350,000 | WOODSPA ZIONSVILLE LLC | Zionsville, IN | First Merchants Bank |
| $150,000–350,000 | WOODSPA ZIONSVILLE LLC | ZIONSVILLE, IN | First Merchants Bank |
| $2–5 million | WOODWORTH, INC. | PONTIAC, MI | First Merchants Bank |
| $350,000–1 million | WORKSPACE OHIO LLC | Columbus, OH | First Merchants Bank |
| $350,000–1 million | WORKSPACE OHIO LLC | COLUMBUS, OH | First Merchants Bank |
| $350,000–1 million | WORKZONE TRAFFIC CONTROL, LLC | PUEBLO, CO | First Merchants Bank |
| $350,000–1 million | WPD MANAGEMENT LLC | CHICAGO, IL | First Merchants Bank |
| $350,000–1 million | WPD MANAGEMENT LLC | Chicago, IL | First Merchants Bank |
| $150,000–350,000 | WREDE & SONS EXCAVATING INC | Monticello, IN | First Merchants Bank |
| $150,000–350,000 | WV VETERINARY EMERGENCY SERVICES | CHARLESTON, WV | First Merchants Bank |
| $350,000–1 million | X-CEL TECHNOLOGIES INC | Tinley Park, IL | First Merchants Bank |
| $350,000–1 million | X-CEL TECHNOLOGIES INC. | TINLEY PARK, IL | First Merchants Bank |
| $350,000–1 million | XEDE CONSULTING GROUP INC | Troy, MI | First Merchants Bank |
| $350,000–1 million | XEDE CONSULTING GROUP, INC | TROY, MI | First Merchants Bank |
| $1–2 million | XIGENT AUTOMATION SYSTEMS, INC. | LEWIS CENTER, OH | First Merchants Bank |
| $1–2 million | XO GLOBAL LLC | FORT LAUDERDALE, FL | First Merchants Bank |
| $350,000–1 million | XO HOLDING INC | FORT LAUDERDALE, FL | First Merchants Bank |
| $150,000–350,000 | Y & S TICKETS INC. | Skokie, IL | First Merchants Bank |
| $150,000–350,000 | Y&S TICKETS INC | SKOKIE, IL | First Merchants Bank |
| $350,000–1 million | YARD SOLUTIONS INC. | Groveport, OH | First Merchants Bank |