SBA lender profile
First State Bank of Middlebury
First State Bank of Middlebury appears in the public SBA loan data with 40 funded 7(a) loans since FY2010, totaling $31.2M, an average of $779K per loan, and an estimated 683 jobs supported. Its SBA lending concentrates in Indiana and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 79
- Scale 34
- Activity 46
- Consistency 67
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is First State Bank of Middlebury the right lender for you?
Lenders fund what they know. First State Bank of Middlebury's SBA lending concentrates in Indiana (38 loans) and Manufacturing (6 loans), at an average loan of $779K. 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
- $812M
- Headquarters
- Middlebury, IN
- FDIC cert
- #8745
- Status
- Active
Where First State Bank of Middlebury lends
Top states by funded SBA volume.
Metro areas where First State Bank of Middlebury funds
What First State Bank of Middlebury funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 6 | $14.8M |
| Retail Trade | 5 | $4.0M |
| Real Estate | 2 | $3.4M |
| Other Services | 8 | $3.1M |
| Construction | 4 | $3.0M |
| Wholesale Trade | 7 | $1.6M |
First State Bank of Middlebury SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2014 | 3 | $900K |
| 2015 | 2 | $5.6M |
| 2016 | 3 | $4.3M |
| 2017 | 5 | $4.4M |
| 2018 | 4 | $1.7M |
| 2019 | 5 | $4.1M |
| 2020 | 1 | $127K |
| 2021 | 7 | $3.8M |
| 2023 | 2 | $1.6M |
| 2024 | 4 | $1.2M |
| 2025 | 3 | $2.0M |
| 2026 | 1 | $1.4M |
Related SBA lenders
Other lenders active in Indiana or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
First State Bank of Middlebury: frequently asked questions
Does First State Bank of Middlebury offer SBA loans?
Yes. First State Bank of Middlebury appears in the public SBA data with 40 funded SBA 7(a) loans totaling $31.2M.
How many SBA loans has First State Bank of Middlebury made?
First State Bank of Middlebury is associated with 40 SBA 7(a) loans totaling $31.2M in the public SBA data (as of 2026-03-31).
What is First State Bank of Middlebury's SBA charge-off rate?
About 0.0% of First State Bank of Middlebury'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 First State Bank of Middlebury do most of its SBA lending?
First State Bank of Middlebury's SBA lending in the data is most concentrated in Indiana, and by industry in Manufacturing.
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). First State Bank of Middlebury SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/first-state-bank-of-middlebury/
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