Meridian Bank approved 529 SBA loans worth $489.5M between October 2021 and June 2026, ranking #77 of 2,283 SBA lenders nationally by loan count. Its median loan was $549,000, and 51% went to startups or businesses under two years old. It lent in 26 states, most often in Pennsylvania, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Pennsylvania | 253 | $218.1M | $500,000 | #12 |
| New Jersey | 127 | $124.5M | $500,000 | #17 |
| Florida | 35 | $38.5M | $734,000 | #85 |
| Maryland | 20 | $20.2M | $667,500 | #34 |
| North Carolina | 13 | $11.7M | $570,000 | #67 |
| Delaware | 11 | $8.1M | $220,000 | #16 |
| California | 10 | $14.1M | $1,430,000 | #175 |
| Texas | 8 | $5.6M | $687,500 | #226 |
| Virginia | 8 | $7.5M | $822,500 | #83 |
| New York | 7 | $4.8M | $625,000 | #131 |
| Tennessee | 4 | $2.8M | $295,000 | #103 |
| Washington | 4 | $800K | $207,500 | #111 |
| South Carolina | 4 | $4.2M | $1,001,000 | #87 |
| Oregon | 3 | $3.5M | $1,000,000 | #93 |
| Georgia | 3 | $2.4M | $480,000 | #191 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 85 | $500,000 | |
| Manufacturing | 68 | $500,000 | |
| Professional and technical services | 67 | $625,000 | |
| Restaurants and hotels | 62 | $500,000 | |
| Administrative and support services | 48 | $497,500 | |
| Health care and social assistance | 44 | $370,000 | |
| Other services (repair, personal care) | 32 | $684,500 | |
| Wholesale trade | 31 | $769,000 | |
| Retail | 30 | $715,000 | |
| Arts, entertainment and recreation | 18 | $1,007,500 |