SBA lending by metro area
SBA lenders in South Bend, IN
Which lenders fund South Bend-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 South Bend area
Ranked by SBA volume funded to businesses located in the South Bend 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 | 1st Source Bank | 463 | $65.3M | $141K | 2.59% |
| 2 | Business Development Corporation (BDC) | 111 | $51.6M | $465K | not reported |
| 3 | The Huntington National Bank | 121 | $25.3M | $209K | 1.65% |
| 4 | Horizon Bank | 57 | $20.5M | $359K | 14.04% |
| 5 | KeyBank National Association | 38 | $17.8M | $469K | 0.00% |
| 6 | Live Oak Banking Company | 16 | $17.0M | $1.1M | not reported |
| 7 | Millennium Bank | 9 | $16.9M | $1.9M | not reported |
| 8 | Byline Bank | 9 | $15.7M | $1.7M | not reported |
| 9 | Centier Bank | 55 | $13.8M | $251K | 3.64% |
| 10 | Old National Bank | 12 | $13.5M | $1.1M | 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 South Bend compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| South Bend area | $107K ▼ 28.5% | 10.9% ▼ 0.8 pts |
| Indiana | $150K | 11.7% |
| United States | $179K | 11.2% |
What gets funded in South Bend
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 149 | $108.5M |
| Manufacturing | 176 | $82.1M |
| Retail Trade | 123 | $42.8M |
| Other Services | 120 | $35.4M |
| Professional and Technical Services | 99 | $33.5M |
| Health Care and Social Assistance | 79 | $28.2M |
| Arts, Entertainment, Recreation | 34 | $19.3M |
| Construction | 77 | $16.4M |
SBA lending in South Bend by year
Geography, precisely
"South Bend area" here means the South Bend-Mishawaka, IN-MI metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Cass County, MI; St. Joseph 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.