Merchants Commercial Bank

This is a commercial bank that offers SBA loan programs and small business financing services, primarily serving entrepreneurs in the Virgin Islands. You can find assistance with SBA 7(a) loans, guidance on funding options, and personalized financial advice to help grow your business.

It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours. Calling ahead can help prepare the necessary documentation and streamline your visit.

Merchants Commercial Bank is open Monday through Friday from 9:00 AM to 4:00 PM AST, with the St. Thomas drive-thru opening at 8:30 AM. Please confirm current hours with the branch.

There are fees associated with loan processing and servicing, which are disclosed upfront. No additional charges are applied for simply accessing banking services or consulting with loan officers.

This bank primarily serves residents and small business owners in the Virgin Islands. Non-residents may need to meet specific criteria or provide additional documentation to qualify for certain loan programs.

A minimum personal credit score of around 640 is typically required, though higher scores improve the chances of approval and better loan terms.

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation provided.

Most banks keep weekday business hours and are closed on weekends, and Merchants Commercial Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Merchants Commercial Bank to confirm current weekend availability before you go.

Merchants Commercial Bank is located in U.S. Virgin Islands — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Merchants Commercial Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Merchants Commercial Bank itself, which runs its own lending under its own ownership. If you work at Merchants Commercial Bank, you can claim this listing from this page to manage it.

The core details for Merchants Commercial Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Merchants Commercial Bank before applying. If you represent Merchants Commercial Bank, claim this listing to keep its information up to date.

You can reach Merchants Commercial Bank by phone at (340) 779-2265 or online at mcbvi.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Merchants Commercial Bank before relying on them.

Like most SBA lenders, Merchants Commercial Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Merchants Commercial Bank directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Merchants Commercial Bank participates in SBA Express depends on its specific SBA lending authority. Contact Merchants Commercial Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Merchants Commercial Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Merchants Commercial Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Merchants Commercial Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Merchants Commercial Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Merchants Commercial Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Merchants Commercial Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Merchants Commercial Bank weighs this case by case under its own policy, so be upfront about your history and ask Merchants Commercial Bank how it evaluates prior bankruptcies.