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County18th of 92 in Indiana by approvalsFIPS 18035
SBA loans in Delaware 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 Delaware County, Indiana, received 81 SBA loan approvals worth $36.7M in FY2021 to FY2025 (77 7(a), 4 504).
That is 35.0 approvals per 1,000 business establishments (2,314 establishments in 2023), below the Indiana figure of 43.6 and close to the national 41.0.
It ranks 18th of 92 Indiana counties with approvals. In FY2025 there were 15, down 42% on FY2024.
22 lenders had approvals here; the most active were STAR Financial Bank (14), First Merchants Bank (14) and Northwest Bank (8). The most common industry was offices of other health practitioners.
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 Delaware County
By number of approvals to businesses in the county, FY2021–FY2025; 22 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | STAR Financial BankFort Wayne, IN | 14 | $3.2M | 17.3% | |
| 2 | First Merchants BankIndianapolis, IN | 14 | $1.9M | 17.3% | |
| 3 | Northwest BankWarren, PA | 8 | $1.5M | 9.9% | |
| 4 | Old National BankEvansville, IN | 7 | $3.5M | 8.6% | |
| 5 | Merchants Bank of IndianaCarmel, IN | 5 | $8.7M | 6.2% | |
| 6 | The Huntington National BankColumbus, OH | 5 | $1.4M | 6.2% | |
| 7 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 4 | $2.0M | 4.9% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 4 | $1.1M | 4.9% | |
| 9 | Flagship Enterprise Center, Inc. (dba Bankable)Anderson, IN | 3 | $614K | 3.7% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $225K | 3.7% | |
| 11 | Shoreham BankWarwick, RI | 2 | — | 2.5% | |
| 12 | Citizens State Bank of New CastleNew Castle, IN | 2 | — | 2.5% | |
| 13 | Citizens BankMooresville, IN | 1 | — | 1.2% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.2% | |
| 15 | First Bank RichmondRichmond, IN | 1 | — | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 7 | 8.6% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 5 | 6.2% | |
| 3 | Traveler AccommodationNAICS 7211 | 4 | 4.9% | |
| 4 | Other Personal ServicesNAICS 8129 | 4 | 4.9% | |
| 5 | Gasoline StationsNAICS 4471 | 3 | 3.7% | |
| 6 | Automobile DealersNAICS 4411 | 3 | 3.7% | |
| 7 | Personal Care ServicesNAICS 8121 | 3 | 3.7% | |
| 8 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 3.7% | |
| 9 | Other Miscellaneous RetailersNAICS 4599 | 2 | 2.5% | |
| 10 | Offices of DentistsNAICS 6212 | 2 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 17 | 21.0% | |
| 2 | Construction | 13 | 16.0% | |
| 3 | Health Care and Social Assistance | 12 | 14.8% | |
| 4 | Other Services (except Public Administration) | 10 | 12.3% | |
| 5 | Accommodation and Food Services | 8 | 9.9% | |
| 6 | Manufacturing | 5 | 6.2% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 3 | 3.7% | |
| 8 | Transportation and Warehousing | 3 | 3.7% |
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* | 13 | $2.6M | $100K | 1 | — | 14 | 26 |
| FY2025 | 14 | $5.6M | $125K | 1 | — | 15 | 146 |
| FY2024 | 26 | $3.4M | $88K | 0 | — | 26 | 149 |
| FY2023 | 11 | $1.8M | $50K | 3 | $1.7M | 14 | 69 |
| FY2022 | 9 | $6.9M | $229K | 0 | — | 9 | 181 |
| FY2021 | 17 | $17.0M | $914K | 0 | — | 17 | 208 |
| FY2020 | 7 | $1.2M | $160K | 2 | — | 9 | 43 |
| FY2019 | 13 | $2.4M | $120K | 0 | — | 13 | 105 |
| FY2018 | 9 | $2.4M | $120K | 2 | — | 11 | 112 |
| FY2017 | 19 | $8.0M | $199K | 4 | $1.6M | 23 | 185 |
| FY2016 | 12 | $4.2M | $138K | 1 | — | 13 | 210 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 69 approvals.
Against Indiana and the country
| FY2021–FY2025 | Delaware County | Indiana | United States |
|---|---|---|---|
| Approvals | 81 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 35.0 | 43.6 | 41.0 |
| Median 7(a) approval | $150K | $150K | $190K |
| Median 504 approval | $323K | $522K | $657K |
| Average approval | $453K | $500K | $573K |
| 504 share of approvals | 4.9% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 9.3 | 10.3 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less30.9%25
- $50,001 to $150,00018.5%15
- $150,001 to $350,00024.7%20
- $350,001 to $1 million9.9%8
- $1 million to $2 million9.9%8
- Over $2 million6.2%5
Age of the businesses
- Existing, more than 2 years old55.6%45
- New business, 2 years or less16.0%13
- Startup, loan funds will open the business13.6%11
- Change of ownership14.8%12
Questions and answers
Which lenders make the most SBA loans in Delaware County?
By approvals in FY2021 to FY2025: STAR Financial Bank (14), First Merchants Bank (14), Northwest Bank (8), Old National Bank (7), Merchants Bank of Indiana (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Delaware County?
The median 7(a) approval was $150K and the median 504 approval $323K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Delaware County?
Offices of Other Health Practitioners (7); Building Equipment Contractors (5); Traveler Accommodation (4); Other Personal Services (4); Gasoline Stations (3).
Is SBA lending in Delaware County rising?
Approvals in the three latest complete fiscal years total 55, against 35 in the three before: rising (+57%).
How does Delaware County compare with the rest of Indiana?
35.0 approvals per 1,000 establishments against 43.6 statewide, and 81 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