SBA lending by state
SBA Lending in Indiana
In Indiana, SBA lenders funded 22,019 7(a) and 504 loans since FY2010, totaling $9.2B, an average of $416K per loan. The most active lender is The Huntington National Bank, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Indiana
Ranked by SBA loans funded in Indiana since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Indiana loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Indiana shows “not reported,” never 0%.
See the full Indiana ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 4,447 | $860.1M | $193K | 3.98% |
| 2 | 1st Source Bank | 1,710 | $252.8M | $148K | 1.58% |
| 3 | JPMorgan Chase Bank, National Association | 825 | $141.8M | $172K | 4.36% |
| 4 | Premier Capital Corporation | 741 | $462.4M | $624K | not reported |
| 5 | Indiana Statewide Certified Development Corporation | 723 | $550.9M | $762K | not reported |
| 6 | KeyBank National Association | 688 | $335.4M | $487K | 4.22% |
| 7 | First Merchants Bank | 649 | $207.2M | $319K | 3.70% |
| 8 | Centier Bank | 634 | $137.5M | $217K | 3.15% |
| 9 | First Financial Bank | 584 | $184.3M | $316K | 2.23% |
| 10 | STAR Financial Bank | 484 | $96.1M | $199K | 2.07% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Indiana
An SBA 504 project in Indiana pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Indiana, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Premier Capital Corporation | 741 | $462.4M |
| Indiana Statewide Certified Development Corporation | 723 | $550.9M |
| Regional Development Company | 468 | $236.9M |
| Business Development Corporation (BDC) | 320 | $174.1M |
| Community Development Corporation of Fort Wayne | 217 | $110.5M |
| Small Business Growth Corporation | 47 | $53.6M |
| Capital Access Corporation - Kentucky | 22 | $17.0M |
| Alloy Development Co., Inc. | 11 | $9.7M |
| SomerCor 504, Inc. | 10 | $11.4M |
| Michigan Certified Development Corporation | 4 | $3.4M |
Showing the 10 CDCs most active on 504 loans in Indiana; the full directory lists every CDC.
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Indiana
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 3,067 | $2.0B |
| Manufacturing | 2,265 | $1.3B |
| Retail Trade | 2,380 | $1.1B |
| Other Services | 2,103 | $704.7M |
| Health Care and Social Assistance | 1,696 | $688.0M |
| Construction | 2,280 | $657.1M |
| Professional and Technical Services | 1,825 | $599.1M |
| Wholesale Trade | 889 | $490.1M |
Top cities for SBA loans in Indiana
Where SBA 7(a) and 504 borrowers in Indiana are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Indianapolis | 4,557 | $1.9B |
| Fort Wayne | 1,214 | $456.1M |
| Carmel | 764 | $294.8M |
| Evansville | 542 | $271.5M |
| Fishers | 633 | $258.6M |
| Elkhart | 406 | $228.9M |
| Noblesville | 503 | $189.6M |
| South Bend | 467 | $183.3M |
SBA lending by metro area in Indiana
Which lenders fund each Indiana market, with local loan sizes and industries.
- SBA lenders in Chicago, IL 31,309 loans
- SBA lenders in Indianapolis, IN 10,094 loans
- SBA lenders in Cincinnati, OH 9,317 loans
- SBA lenders in Louisville, KY 3,211 loans
- SBA lenders in Fort Wayne, IN 1,563 loans
- SBA lenders in South Bend, IN 1,155 loans
- SBA lenders in Elkhart, IN 685 loans
- SBA lenders in Evansville, IN 717 loans
- SBA lenders in Lafayette, IN 613 loans
- SBA lenders in Michigan City, IN 430 loans
- SBA lenders in Terre Haute, IN 232 loans
- SBA lenders in Bloomington, IN 328 loans
- SBA lenders in Muncie, IN 288 loans
- SBA lenders in Columbus, IN 226 loans
- SBA lenders in Kokomo, IN 198 loans
- SBA lenders in Plymouth, IN 210 loans
- SBA lenders in Richmond, IN 145 loans
- SBA lenders in Warsaw, IN 192 loans
- SBA lenders in Angola, IN 123 loans
- SBA lenders in Greencastle, IN 100 loans
- SBA lenders in Auburn, IN 93 loans
- SBA lenders in Marion, IN 85 loans
- SBA lenders in Huntington, IN 83 loans
- SBA lenders in Seymour, IN 61 loans
- SBA lenders in Bedford, IN 70 loans
- SBA lenders in New Castle, IN 120 loans
- SBA lenders in Kendallville, IN 84 loans
- SBA lenders in Madison, IN 55 loans
- SBA lenders in Jasper, IN 83 loans
- SBA lenders in Wabash, IN 67 loans
- SBA lenders in Frankfort, IN 84 loans
- SBA lenders in Crawfordsville, IN 74 loans
- SBA lenders in Washington, IN 76 loans
- SBA lenders in Vincennes, IN 47 loans
- SBA lenders in Monticello, IN 66 loans
- SBA lenders in Logansport, IN 43 loans
- SBA lenders in Greensburg, IN 55 loans
- SBA lenders in Decatur, IN 59 loans
- SBA lenders in Connersville, IN 36 loans
SBA lending in Indiana by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1,180 | $338.4M |
| 2011 | 1,452 | $520.5M |
| 2012 | 1,240 | $424.1M |
| 2013 | 1,210 | $443.8M |
| 2014 | 1,366 | $468.6M |
| 2015 | 1,485 | $532.1M |
| 2016 | 1,499 | $516.8M |
| 2017 | 1,536 | $600.7M |
| 2018 | 1,518 | $598.8M |
| 2019 | 1,164 | $483.4M |
| 2020 | 1,080 | $543.9M |
| 2021 | 1,372 | $761.0M |
| 2022 | 1,328 | $642.6M |
| 2023 | 1,291 | $586.7M |
| 2024 | 1,427 | $706.8M |
| 2025 | 1,367 | $695.5M |
| 2026 | 504 | $298.6M |
SBA lending in Indiana: frequently asked questions
How much SBA lending is there in Indiana?
SBA lenders funded 22,019 7(a) and 504 loans totaling $9.2B in Indiana in the public SBA data (as of 2026-03-31), an average of $416K per loan.
Who is the most active SBA lender in Indiana?
The Huntington National Bank is the most active SBA lender in Indiana in the public data, by loans funded.
What industries get the most SBA loans in Indiana?
The most-funded industry for SBA loans in Indiana is Accommodation and Food Services.
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