SBA lending by metro area
SBA lenders in Monticello, IN
Which lenders fund Monticello-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 Monticello area
Ranked by SBA volume funded to businesses located in the Monticello micropolitan 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 | State Bank | 8 | $2.3M | $282K | not reported |
| 2 | The Huntington National Bank | 9 | $1.5M | $170K | not reported |
| 3 | First Merchants Bank | 6 | $1.1M | $178K | 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 Monticello compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Monticello area | $185K ▲ 23.0% | 15.2% ▲ 3.5 pts |
| Indiana | $150K | 11.7% |
| United States | $179K | 11.2% |
What gets funded in Monticello
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 16 | $6.7M |
| Construction | 9 | $3.9M |
| Manufacturing | 7 | $3.2M |
| Accommodation and Food Services | 6 | $3.1M |
| Transportation and Warehousing | 6 | $176K |
SBA lending in Monticello by year
Geography, precisely
"Monticello area" here means the Monticello, IN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: White 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.