SBA data · Indiana
SBA lending in Indiana
22,278 loans worth $9.33B have been approved for Indiana projects since FY2010 - the #18 state by SBA dollars, 1.8% of the national total.
State rank
#18
by dollars approved
Approved
$9.33B
FY2010 onward
Loans
22,278
Median loan
$150,000
-17% vs national
Median 7(a) rate
6.15%
Jobs supported
237,522
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Indiana
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in IN | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | $878.9M | 4,479 | $196,222 | |
| 2 | Indiana Statewide Certified Development Corporation | $568.3M | 736 | $772,137 | |
| 3 | Premier Capital Corporation | $466.9M | 747 | $625,028 | |
| 4 | KeyBank | $340.3M | 691 | $492,458 | |
| 5 | Byline Bank | $336.3M | 294 | $1,143,979 | |
| 6 | Live Oak Banking Company | $328.6M | 255 | $1,288,595 | |
| 7 | Old National Bank | $264.4M | 368 | $718,596 | |
| 8 | 1st Source Bank | $258.7M | 1,729 | $149,648 | |
| 9 | Regional Development Company | $240.9M | 474 | $508,141 | |
| 10 | First Merchants Bank | $207.6M | 656 | $316,419 | |
| 11 | GBank | $201.9M | 68 | $2,968,554 | |
| 12 | First Financial Bank | $194.0M | 619 | $313,390 |
By sector in Indiana
- Restaurants & Hotels3,104 · $2.07B
- Retail1,598 · $772.0M
- Other Services2,142 · $721.6M
- Health Care1,724 · $717.7M
- Construction2,315 · $669.7M
- Professional Services1,841 · $606.3M
- Wholesale899 · $497.2M
- Arts & Recreation813 · $375.7M
- Administrative & Waste1,133 · $324.0M
- Transportation2,005 · $271.9M
- Real Estate551 · $262.4M
- Manufacturing393 · $154.1M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Indiana. The final bar is a partial fiscal year.
Loan sizes in Indiana
- Under $50K21%
- $50K - $150K27%
- $150K - $350K23%
- $350K - $1M18%
- $1M - $2M7%
- Over $2M4%
SBA lending in Indiana: common questions
- How many SBA loans are approved in Indiana?
- 22,278 SBA 7(a) and 504 loans totalling $9,334,157,383 have been approved for projects in Indiana since fiscal year 2010, ranking it #18 among states and territories by dollars approved - 1.8% of all SBA lending nationally.
- Which lenders make the most SBA loans in Indiana?
- By dollars approved in Indiana, the most active lenders are The Huntington National Bank, Indiana Statewide Certified Development Corporation, Premier Capital Corporation, KeyBank, Byline Bank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Indiana?
- The median gross approval in Indiana is $150,000, 17% below the national median of $180,000. Half of all loans in the state fall between $25,000 and $1,100,000.
- Do I need to use a lender based in Indiana?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Indiana, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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