States › Indiana › Clark County
County16th of 92 in Indiana by approvalsFIPS 18019
SBA loans in Clark 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.
Businesses in Clark County, Indiana, received 97 SBA loan approvals worth $64.1M in FY2021 to FY2025 (83 7(a), 14 504).
That is 35.6 approvals per 1,000 business establishments (2,727 establishments in 2023), below the Indiana figure of 43.6 and close to the national 41.0.
It ranks 16th of 92 Indiana counties with approvals. In FY2025 there were 24, up 26% on FY2024.
31 lenders had approvals here; the most active were Stock Yards Bank & Trust Company (14), The Huntington National Bank (11) and First Harrison Bank (11). 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 Clark County
By number of approvals to businesses in the county, FY2021–FY2025; 31 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Stock Yards Bank & Trust CompanyLouisville, KY | 14 | $8.5M | 14.4% | |
| 2 | The Huntington National BankColumbus, OH | 11 | $11.3M | 11.3% | |
| 3 | First Harrison BankCorydon, IN | 11 | $3.6M | 11.3% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 9 | $6.1M | 9.3% | |
| 5 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 6 | $4.4M | 6.2% | |
| 6 | Premier Capital CorporationIndianapolis, IN · CDC | 5 | $3.0M | 5.2% | |
| 7 | German American BankJasper, IN | 4 | $1.6M | 4.1% | |
| 8 | TowneBankPortsmouth, VA | 4 | $949K | 4.1% | |
| 9 | First Merchants BankIndianapolis, IN | 3 | $1.1M | 3.1% | |
| 10 | PNC Bank, National AssociationWilmington, DE | 3 | $578K | 3.1% | |
| 11 | Heritage Federal Credit UnionNewburgh, IN | 3 | $514K | 3.1% | |
| 12 | First Western SBLC, LLCDallas, TX | 2 | — | 2.1% | |
| 13 | Capital Access Corporation - KentuckyLouisville, KY · CDC | 2 | — | 2.1% | |
| 14 | Republic Bank & Trust CompanyLouisville, KY | 2 | — | 2.1% | |
| 15 | Beacon Bank and TrustBrookline, MA | 2 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 11.3% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 9.3% | |
| 3 | Traveler AccommodationNAICS 7211 | 5 | 5.2% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 5.2% | |
| 5 | Spectator SportsNAICS 7112 | 4 | 4.1% | |
| 6 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 3 | 3.1% | |
| 7 | Investigation and Security ServicesNAICS 5616 | 3 | 3.1% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.1% | |
| 9 | Computer Systems Design and Related ServicesNAICS 5415 | 3 | 3.1% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 3 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 18 | 18.6% | |
| 2 | Accommodation and Food Services | 16 | 16.5% | |
| 3 | Construction | 14 | 14.4% | |
| 4 | Retail Trade | 7 | 7.2% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 7 | 7.2% | |
| 6 | Arts, Entertainment, and Recreation | 7 | 7.2% | |
| 7 | Manufacturing | 7 | 7.2% | |
| 8 | Professional, Scientific, and Technical Services | 6 | 6.2% |
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* | 16 | $9.8M | $178K | 0 | — | 16 | 89 |
| FY2025 | 20 | $16.3M | $410K | 4 | $3.3M | 24 | 149 |
| FY2024 | 18 | $8.3M | $209K | 1 | — | 19 | 107 |
| FY2023 | 16 | $6.4M | $308K | 4 | $1.7M | 20 | 322 |
| FY2022 | 21 | $15.1M | $350K | 4 | $1.8M | 25 | 375 |
| FY2021 | 8 | $6.1M | $476K | 1 | — | 9 | 132 |
| FY2020 | 19 | $8.5M | $350K | 2 | — | 21 | 238 |
| FY2019 | 15 | $2.8M | $45K | 1 | — | 16 | 123 |
| FY2018 | 14 | $8.8M | $225K | 3 | $1.1M | 17 | 138 |
| FY2017 | 18 | $9.5M | $198K | 1 | — | 19 | 305 |
| FY2016 | 19 | $7.9M | $234K | 2 | — | 21 | 576 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 94 approvals.
Against Indiana and the country
| FY2021–FY2025 | Clark County | Indiana | United States |
|---|---|---|---|
| Approvals | 97 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 35.6 | 43.6 | 41.0 |
| Median 7(a) approval | $340K | $150K | $190K |
| Median 504 approval | $666K | $522K | $657K |
| Average approval | $660K | $500K | $573K |
| 504 share of approvals | 14.4% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 11.2 | 10.3 | 10.5 |
| Share of state approvals | 1.4% | 100.0% | — |
Approval sizes
- $50,000 or less11.3%11
- $50,001 to $150,00015.5%15
- $150,001 to $350,00022.7%22
- $350,001 to $1 million32.0%31
- $1 million to $2 million12.4%12
- Over $2 million6.2%6
Age of the businesses
- Existing, more than 2 years old50.5%49
- New business, 2 years or less11.3%11
- Startup, loan funds will open the business17.5%17
- Change of ownership20.6%20
Questions and answers
Which lenders make the most SBA loans in Clark County?
By approvals in FY2021 to FY2025: Stock Yards Bank & Trust Company (14), The Huntington National Bank (11), First Harrison Bank (11), U.S. Bank, National Association (9), Indiana Statewide Certified Development Corporation (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Clark County?
The median 7(a) approval was $340K and the median 504 approval $666K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Clark County?
Restaurants and Other Eating Places (11); Automotive Repair and Maintenance (9); Traveler Accommodation (5); Foundation, Structure, and Building Exterior Contractors (5); Spectator Sports (4).
Is SBA lending in Clark County rising?
Approvals in the three latest complete fiscal years total 63, against 55 in the three before: rising (+15%).
How does Clark County compare with the rest of Indiana?
35.6 approvals per 1,000 establishments against 43.6 statewide, and 97 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