States › Indiana › Allen County
County4th of 92 in Indiana by approvalsFIPS 18003
SBA loans in Allen County, Indiana
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 396 loans to businesses in Allen County, Indiana, in FY2021 to FY2025, worth $192M: 356 under 7(a) and 40 under 504.
That is 40.8 approvals per 1,000 business establishments (9,696 establishments in 2023), close to the Indiana figure of 43.6 and close to the national 41.0.
It ranks 4th of 92 Indiana counties with approvals. In FY2025 there were 74, down 13% on FY2024.
60 lenders had approvals here; the most active were 1st Source Bank (87), Community Development Corporation of Fort Wayne (36) and The Huntington National Bank (31). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Allen County
By number of approvals to businesses in the county, FY2021–FY2025; 60 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | 1st Source BankSouth Bend, IN | 87 | $14.4M | 22.0% | |
| 2 | Community Development Corporation of Fort WayneFort Wayne, IN · CDC | 36 | $18.2M | 9.1% | |
| 3 | The Huntington National BankColumbus, OH | 31 | $11.9M | 7.8% | |
| 4 | First Federal Savings BankHuntington, IN | 23 | $17.4M | 5.8% | |
| 5 | The State Bank and Trust CompanyDefiance, OH | 15 | $10.1M | 3.8% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 14 | $23.1M | 3.5% | |
| 7 | WesBanco Bank, Inc.Wheeling, WV | 11 | $2.5M | 2.8% | |
| 8 | Lake City BankWarsaw, IN | 10 | $4.3M | 2.5% | |
| 9 | Centier BankWhiting, IN | 10 | $1.8M | 2.5% | |
| 10 | STAR Financial BankFort Wayne, IN | 10 | $1.2M | 2.5% | |
| 11 | Old National BankEvansville, IN | 9 | $9.6M | 2.3% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 9 | $524K | 2.3% | |
| 13 | KeyBank National AssociationCleveland, OH | 8 | $4.3M | 2.0% | |
| 14 | First Merchants BankIndianapolis, IN | 8 | $1.7M | 2.0% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 8 | $1.6M | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 52 | 13.1% | |
| 2 | General Freight TruckingNAICS 4841 | 32 | 8.1% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 16 | 4.0% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 16 | 4.0% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 15 | 3.8% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 13 | 3.3% | |
| 7 | Specialty Food StoresNAICS 4452 | 11 | 2.8% | |
| 8 | Offices of DentistsNAICS 6212 | 10 | 2.5% | |
| 9 | Traveler AccommodationNAICS 7211 | 9 | 2.3% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 9 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 64 | 16.2% | |
| 2 | Manufacturing | 46 | 11.6% | |
| 3 | Health Care and Social Assistance | 44 | 11.1% | |
| 4 | Construction | 42 | 10.6% | |
| 5 | Retail Trade | 39 | 9.8% | |
| 6 | Transportation and Warehousing | 37 | 9.3% | |
| 7 | Other Services (except Public Administration) | 31 | 7.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 25 | 6.3% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 30 | $17.5M | $225K | 4 | $1.7M | 34 | 349 |
| FY2025 | 67 | $28.6M | $175K | 7 | $8.4M | 74 | 765 |
| FY2024 | 78 | $34.7M | $161K | 7 | $5.0M | 85 | 948 |
| FY2023 | 72 | $29.3M | $200K | 6 | $1.6M | 78 | 684 |
| FY2022 | 65 | $29.2M | $160K | 9 | $5.1M | 74 | 685 |
| FY2021 | 74 | $46.7M | $250K | 11 | $3.8M | 85 | 1,021 |
| FY2020 | 63 | $38.5M | $206K | 9 | $4.1M | 72 | 712 |
| FY2019 | 50 | $21.0M | $150K | 6 | $3.2M | 56 | 488 |
| FY2018 | 99 | $20.5M | $50K | 8 | $7.7M | 107 | 916 |
| FY2017 | 97 | $27.5M | $96K | 14 | $8.7M | 111 | 1,042 |
| FY2016 | 85 | $18.2M | $65K | 15 | $4.2M | 100 | 806 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 446 approvals.
Against Indiana and the country
| FY2021–FY2025 | Allen County | Indiana | United States |
|---|---|---|---|
| Approvals | 396 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 40.8 | 43.6 | 41.0 |
| Median 7(a) approval | $193K | $150K | $190K |
| Median 504 approval | $362K | $522K | $657K |
| Average approval | $486K | $500K | $573K |
| 504 share of approvals | 10.1% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 10.4 | 10.3 | 10.5 |
| Share of state approvals | 5.8% | 100.0% | — |
Approval sizes
- $50,000 or less20.7%82
- $50,001 to $150,00021.0%83
- $150,001 to $350,00022.2%88
- $350,001 to $1 million23.2%92
- $1 million to $2 million7.1%28
- Over $2 million5.8%23
Age of the businesses
- Existing, more than 2 years old46.0%182
- New business, 2 years or less16.9%67
- Startup, loan funds will open the business28.3%112
- Change of ownership8.8%35
Questions and answers
Which lenders make the most SBA loans in Allen County?
By approvals in FY2021 to FY2025: 1st Source Bank (87), Community Development Corporation of Fort Wayne (36), The Huntington National Bank (31), First Federal Savings Bank (23), The State Bank and Trust Company (15). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Allen County?
The median 7(a) approval was $193K and the median 504 approval $362K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Allen County?
Restaurants and Other Eating Places (52); General Freight Trucking (32); Other Amusement and Recreation Industries (16); Building Equipment Contractors (16); Offices of Other Health Practitioners (15).
Is SBA lending in Allen County rising?
Approvals in the three latest complete fiscal years total 237, against 231 in the three before: broadly level (+3%).
How does Allen County compare with the rest of Indiana?
40.8 approvals per 1,000 establishments against 43.6 statewide, and 396 of the state's 6,784 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error