SBA lending by metro area
SBA lenders in Michigan City, IN
Which lenders fund Michigan City-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 Michigan City area
Ranked by SBA volume funded to businesses located in the Michigan City 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 | Regional Development Company | 49 | $27.4M | $559K | not reported |
| 2 | Horizon Bank | 80 | $21.7M | $271K | 0.00% |
| 3 | 1st Source Bank | 128 | $16.1M | $126K | 0.78% |
| 4 | Business Development Corporation (BDC) | 26 | $11.5M | $443K | not reported |
| 5 | First Bank of the Lake | 6 | $9.8M | $1.6M | not reported |
| 6 | Centier Bank | 31 | $8.6M | $278K | 3.23% |
| 7 | Byline Bank | 10 | $7.7M | $774K | not reported |
| 8 | Live Oak Banking Company | 5 | $5.8M | $1.2M | not reported |
| 9 | The Huntington National Bank | 8 | $5.5M | $682K | not reported |
| 10 | BayFirst National Bank | 5 | $5.0M | $1.0M | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Michigan City compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Michigan City area | $178K ▲ 18.8% | 19.3% ▲ 7.6 pts |
| Indiana | $150K | 11.7% |
| United States | $179K | 11.2% |
What gets funded in Michigan City
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 80 | $45.4M |
| Manufacturing | 63 | $38.0M |
| Health Care and Social Assistance | 29 | $20.2M |
| Other Services | 49 | $17.2M |
| Retail Trade | 43 | $16.7M |
| Wholesale Trade | 21 | $13.6M |
| Real Estate | 19 | $7.5M |
| Transportation and Warehousing | 24 | $6.4M |
SBA lending in Michigan City by year
Geography, precisely
"Michigan City area" here means the Michigan City-La Porte, IN metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: LaPorte 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.