SBA Lenders in Indiana
In fiscal years 2021–2026, 231 lenders made 6,727 SBA loans in Indiana, totaling $3.2 billion. The average loan was $470,240, and 36% went to startups or businesses under two years old.
By program: 3,933 7(a) loans, 2,794 SBA Express and 0 504 (counting both the CDC and partner bank on each project).
Top 10 most active SBA lenders in Indiana
| # | Lender | SBA loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 1,614 | $231,767 | 32% | 7(a), Express |
| 2 | 1st Source Bank South Bend, IN | 472 | $208,400 | 58% | 7(a), Express |
| 3 | Centier Bank Whiting, IN | 346 | $267,059 | 41% | 7(a), Express |
| 4 | Old National Bank Evansville, IN | 194 | $806,893 | 34% | 7(a), Express |
| 5 | Northeast Bank Lewiston, ME | 169 | $145,642 | 13% | 7(a) |
| 6 | KeyBank National Association Cleveland, OH | 167 | $508,521 | 62% | 7(a), Express |
| 7 | First Merchants Bank Indianapolis, IN | 159 | $254,675 | 13% | 7(a), Express |
| 8 | STAR Financial Bank Fort Wayne, IN | 145 | $220,340 | 12% | 7(a), Express |
| 9 | Citizens State Bank of New Castle New Castle, IN | 141 | $270,390 | 38% | 7(a), Express |
| 10 | Live Oak Banking Company Wilmington, NC | 133 | $1,374,628 | 19% | 7(a), Express |
Lenders that fund the most startups in Indiana
- The Huntington National Bank — 522 startup loans (32% of its loans)
- 1st Source Bank — 272 startup loans (58% of its loans)
- Centier Bank — 142 startup loans (41% of its loans)
- KeyBank National Association — 104 startup loans (62% of its loans)
- United Midwest Savings Bank National Association — 70 startup loans (80% of its loans)
SBA loans by industry in Indiana
- Restaurants & Lodging928 loans
- Construction873 loans
- Trucking & Transportation685 loans
- Personal Services & Repair682 loans
- Retail Stores654 loans
- Health Care546 loans
- Professional Services536 loans
- Manufacturing514 loans
- Cleaning, Landscaping & Admin427 loans
- Fitness & Entertainment260 loans
- Wholesale & Distribution200 loans
- Real Estate & Rental127 loans
- Education & Childcare74 loans
- Media & Technology44 loans
- Agriculture & Fishing32 loans
Related guides
Frequently asked questions
Which lenders make the most SBA loans in Indiana?
Based on public SBA data for fiscal years 2021–2026, the most active were The Huntington National Bank, 1st Source Bank, Centier Bank. Also compare their average loan size and how much they lend to startups.
How many SBA loans were made in Indiana?
6,727 SBA loans totaling $3.2 billion in fiscal years 2021–2026, with an average of $470,240.
Can I get an SBA loan in Indiana with a green card?
No. Since March 2026, all owners must be U.S. citizens or nationals for SBA 7(a) and 504 loans. CDFIs and some credit unions are good alternatives.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.