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Indiana · Utilities
SBA loans for utilities in Indiana
28 loans worth $14.3M approved since FY2010 for utilities projects located in Indiana.
Loans
28
Approved
$14.3M
Median loan
$119,000
-26% vs sector nationally
Median rate
7.00%
Jobs supported
276
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.
Lenders
Who lends to utilities in Indiana
| Lender | Loans | Approved | Share |
|---|---|---|---|
| FWBank | 2 | $3.1M | |
| First Merchants Bank | 1 | $3.0M | |
| Premier Capital Corporation | 1 | $2.1M | |
| Legence Bank | 1 | $1.7M | |
| Centier Bank | 3 | $948K | |
| Crossroads Bank | 1 | $937K | |
| 1st Source Bank | 5 | $652K | |
| Byline Bank | 1 | $590K |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for utilities in Indiana since FY2010 was $119,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Indiana
22,278 loans across every sector.
Utilities nationally
1,100 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to utilities businesses in Indiana?
- 28 SBA loans totalling $14,341,800 have been approved for utilities projects in Indiana since FY2010.
- Which lenders finance utilities in Indiana?
- The most active by dollars approved are FWBank, First Merchants Bank, Premier Capital Corporation, Legence Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for utilities in Indiana?
- The median approval is $119,000, 26% below the national median for this sector ($160,000).
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