SBA lender profile
1st Source Bank
1st Source Bank appears in the public SBA loan data with 1,943 funded 7(a) loans since FY2010, totaling $290.3M, an average of $149K per loan, and an estimated 17,929 jobs supported. Its SBA lending concentrates in Indiana and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 1.8%. 21.9% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 81
- Scale 91
- Activity 82
- Consistency 91
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is 1st Source Bank the right lender for you?
Lenders fund what they know. 1st Source Bank's SBA lending concentrates in Indiana (1,710 loans) and Manufacturing (240 loans), at an average loan of $149K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $9.1B
- Headquarters
- South Bend, IN
- FDIC cert
- #9087
- Status
- Active
Where 1st Source Bank lends
Top states by funded SBA volume.
Metro areas where 1st Source Bank funds
What 1st Source Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 240 | $65.5M |
| Accommodation and Food Services | 209 | $35.1M |
| Construction | 178 | $24.3M |
| Retail Trade | 165 | $24.0M |
| Health Care and Social Assistance | 111 | $23.3M |
| Other Services | 147 | $22.4M |
1st Source Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 60 | $10.7M |
| 2011 | 80 | $11.6M |
| 2012 | 101 | $13.2M |
| 2013 | 118 | $17.0M |
| 2014 | 164 | $23.5M |
| 2015 | 190 | $21.3M |
| 2016 | 156 | $14.5M |
| 2017 | 196 | $23.4M |
| 2018 | 184 | $23.0M |
| 2019 | 98 | $9.8M |
| 2020 | 85 | $16.6M |
| 2021 | 107 | $24.4M |
| 2022 | 121 | $17.2M |
| 2023 | 111 | $18.3M |
| 2024 | 75 | $12.5M |
| 2025 | 74 | $26.0M |
| 2026 | 23 | $7.2M |
Related SBA lenders
Other lenders active in Indiana or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
1st Source Bank: frequently asked questions
Does 1st Source Bank offer SBA loans?
Yes. 1st Source Bank appears in the public SBA data with 1,943 funded SBA 7(a) loans totaling $290.3M.
How many SBA loans has 1st Source Bank made?
1st Source Bank is associated with 1,943 SBA 7(a) loans totaling $290.3M in the public SBA data (as of 2026-03-31).
What is 1st Source Bank's SBA charge-off rate?
About 1.8% of 1st Source Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does 1st Source Bank do most of its SBA lending?
1st Source Bank's SBA lending in the data is most concentrated in Indiana, and by industry in Manufacturing.
Is 1st Source Bank an SBA Preferred Lender (PLP)?
The loan record shows 1st Source Bank operating under PLP delegated authority: 425 of its 7(a) loans (21.9%) were processed through the Preferred Lenders Program, including 63 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). 1st Source Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/1st-source-bank/
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