SBA Lenders Actively Funding Businesses in Indiana

Since 2020, 360 different SBA lenders have approved10,739 loans for businesses in Indiana. The table below ranks the most active by loans actually made in the state, not by advertising budget. A lender headquartered elsewhere that funds heavily in Indianabeats a local name that rarely writes SBA loans.

Most active SBA lenders in Indiana

Lender	IN loans since 2020	Median loan	Median rate
The Huntington National Bank	1,654	$95K	9.5%
Premier Capital Corporation	603	$362K	n/a
Indiana Statewide Certified Development Corporation	597	$412K	n/a
1st Source Bank	527	$85K	7.75%
Centier Bank	314	$149K	7.25%
KeyBank National Association	196	$100K	9.24%
Old National Bank	186	$500K	7.5%
First Merchants Bank	172	$375K	9.5%
Live Oak Banking Company	150	$785K	8.35%
Merchants Bank of Indiana	131	$752K	8.75%
JPMorgan Chase Bank, National Association	117	$185K	10.65%
Readycap Lending, LLC	99	$150K	11.25%
U.S. Bank, National Association	97	$45K	8.51%
United Midwest Savings Bank National Association	96	$150K	9.75%
Stock Yards Bank & Trust Company	96	$300K	7.25%
BayFirst National Bank	94	$150K	12.25%
Horizon Bank	93	$244K	8.46%
First Financial Bank	88	$590K	7.5%
PNC Bank, National Association	87	$50K	9.4%
Fifth Third Bank	84	$200K	8%
Northeast Bank	83	$103K	10.75%
First Internet Bank of Indiana	80	$816K	10%
JPMorgan Chase Bank, National Association	77	$640K	n/a
Newtek Bank, National Association	71	$200K	11.25%
Celtic Bank Corporation	62	$150K	10.25%

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Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records. Loan counts reflect projects located in Indiana. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.