SBA lending by metro area
SBA lenders in Indianapolis, IN
Which lenders fund Indianapolis-area businesses, how much, and how the market compares with Indiana: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Indianapolis area
Ranked by SBA volume funded to businesses located in the Indianapolis metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 3,648 | $585.4M | $160K | 4.17% |
| 2 | Indiana Statewide Certified Development Corporation | 398 | $320.8M | $806K | not reported |
| 3 | Premier Capital Corporation | 435 | $278.9M | $641K | not reported |
| 4 | KeyBank National Association | 472 | $226.9M | $481K | 3.81% |
| 5 | Byline Bank | 136 | $152.4M | $1.1M | 6.62% |
| 6 | First Internet Bank of Indiana | 131 | $134.8M | $1.0M | 0.76% |
| 7 | Live Oak Banking Company | 106 | $119.0M | $1.1M | 1.89% |
| 8 | Old National Bank | 130 | $99.0M | $762K | 0.00% |
| 9 | First Merchants Bank | 355 | $98.7M | $278K | 2.25% |
| 10 | Merchants Bank of Indiana | 135 | $97.2M | $720K | 1.48% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Indianapolis compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Indianapolis area | $140K ▼ 6.7% | 8.6% ▼ 3.1 pts |
| Indiana | $150K | 11.7% |
| United States | $179K | 11.2% |
What gets funded in Indianapolis
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 1,198 | $711.3M |
| Retail Trade | 916 | $416.9M |
| Construction | 1,218 | $370.8M |
| Professional and Technical Services | 1,077 | $365.7M |
| Manufacturing | 684 | $362.5M |
| Health Care and Social Assistance | 789 | $349.7M |
| Other Services | 957 | $300.4M |
| Wholesale Trade | 423 | $258.9M |
SBA lending in Indianapolis by year
Geography, precisely
"Indianapolis area" here means the Indianapolis-Carmel-Greenwood, IN metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Boone County, IN; Brown County, IN; Hamilton County, IN; Hancock County, IN; Hendricks County, IN; Johnson County, IN; Madison County, IN; Marion County, IN; Morgan County, IN; Shelby County, IN; Tipton County, IN. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.