States › Indiana › Daviess County
County33rd of 92 in Indiana by approvalsFIPS 18027
SBA loans in Daviess 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 Daviess County, Indiana, received 30 SBA loan approvals worth $14.3M in FY2021 to FY2025 (29 7(a), 1 504).
That is 31.3 approvals per 1,000 business establishments (960 establishments in 2023), below the Indiana figure of 43.6 and below the national 41.0.
It ranks 33rd of 92 Indiana counties with approvals. In FY2025 there were 5.
10 lenders had approvals here; the most active were Springs Valley Bank & Trust Company (14), German American Bank (4) and Northeast Bank (3). 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 Daviess County
By number of approvals to businesses in the county, FY2021–FY2025; 10 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Springs Valley Bank & Trust CompanyFrench Lick, IN | 14 | $2.3M | 46.7% | |
| 2 | German American BankJasper, IN | 4 | $1.1M | 13.3% | |
| 3 | Northeast BankLewiston, ME | 3 | $650K | 10.0% | |
| 4 | First Merchants BankIndianapolis, IN | 2 | — | 6.7% | |
| 5 | Old National BankEvansville, IN | 2 | — | 6.7% | |
| 6 | Small Business Growth CorporationSpringfield, IL · CDC | 1 | — | 3.3% | |
| 7 | The Huntington National BankColumbus, OH | 1 | — | 3.3% | |
| 8 | The First National Bank of CarmiCarmi, IL | 1 | — | 3.3% | |
| 9 | First Financial Bank, National AssociationTerre Haute, IN | 1 | — | 3.3% | |
| 10 | First Federal Savings BankEvansville, IN | 1 | — | 3.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 16.7% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 10.0% | |
| 3 | General Freight TruckingNAICS 4841 | 2 | 6.7% | |
| 4 | Offices of DentistsNAICS 6212 | 2 | 6.7% | |
| 5 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 2 | 6.7% | |
| 6 | Grocery StoresNAICS 4451 | 2 | 6.7% | |
| 7 | Semiconductor and Other Electronic Component ManufacturingNAICS 3344 | 1 | 3.3% | |
| 8 | Other General Purpose Machinery ManufacturingNAICS 3339 | 1 | 3.3% | |
| 9 | Nonresidential Building ConstructionNAICS 2362 | 1 | 3.3% | |
| 10 | Drycleaning and Laundry ServicesNAICS 8123 | 1 | 3.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 5 | 16.7% | |
| 2 | Construction | 5 | 16.7% | |
| 3 | Other Services (except Public Administration) | 5 | 16.7% | |
| 4 | Manufacturing | 3 | 10.0% | |
| 5 | Health Care and Social Assistance | 3 | 10.0% | |
| 6 | Transportation and Warehousing | 2 | 6.7% | |
| 7 | Arts, Entertainment, and Recreation | 2 | 6.7% | |
| 8 | Retail Trade | 2 | 6.7% |
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* | 1 | — | — | 0 | — | 1 | 0 |
| FY2025 | 5 | $3.0M | $473K | 0 | — | 5 | 46 |
| FY2024 | 5 | $1.5M | $250K | 1 | — | 6 | 97 |
| FY2023 | 9 | $5.4M | $105K | 0 | — | 9 | 56 |
| FY2022 | 5 | $732K | $63K | 0 | — | 5 | 22 |
| FY2021 | 5 | $1.7M | $248K | 0 | — | 5 | 39 |
| FY2020 | 5 | $1.8M | $149K | 1 | — | 6 | 21 |
| FY2019 | 5 | $2.5M | $77K | 0 | — | 5 | 63 |
| FY2018 | 4 | $382K | $101K | 1 | — | 5 | 25 |
| FY2017 | 3 | $549K | $149K | 1 | — | 4 | 61 |
| FY2016 | 1 | — | — | 0 | — | 1 | 18 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 21 approvals.
Against Indiana and the country
| FY2021–FY2025 | Daviess County | Indiana | United States |
|---|---|---|---|
| Approvals | 30 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 31.3 | 43.6 | 41.0 |
| Median 7(a) approval | $248K | $150K | $190K |
| Median 504 approval | — | $522K | $657K |
| Average approval | $475K | $500K | $573K |
| 504 share of approvals | 3.3% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 8.7 | 10.3 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less20.0%6
- $50,001 to $150,00023.3%7
- $150,001 to $350,00026.7%8
- $350,001 to $1 million20.0%6
- $1 million to $2 million6.7%2
- Over $2 million3.3%1
Age of the businesses
- Existing, more than 2 years old43.3%13
- New business, 2 years or less20.0%6
- Startup, loan funds will open the business26.7%8
- Change of ownership10.0%3
Questions and answers
Which lenders make the most SBA loans in Daviess County?
By approvals in FY2021 to FY2025: Springs Valley Bank & Trust Company (14), German American Bank (4), Northeast Bank (3), First Merchants Bank (2), Old National Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Daviess County?
The median 7(a) approval was $248K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Daviess County?
Restaurants and Other Eating Places (5); Other Specialty Trade Contractors (3); General Freight Trucking (2); Offices of Dentists (2); Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (2).
Is SBA lending in Daviess County rising?
Approvals in the three latest complete fiscal years total 20, against 16 in the three before: rising (+25%).
How does Daviess County compare with the rest of Indiana?
31.3 approvals per 1,000 establishments against 43.6 statewide, and 30 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