States › Indiana › Floyd County
County22nd of 92 in Indiana by approvalsFIPS 18043
SBA loans in Floyd 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 67 loans to businesses in Floyd County, Indiana, in FY2021 to FY2025, worth $36.0M: 54 under 7(a) and 13 under 504.
That is 34.8 approvals per 1,000 business establishments (1,926 establishments in 2023), below the Indiana figure of 43.6 and below the national 41.0.
It ranks 22nd of 92 Indiana counties with approvals. In FY2025 there were 17, up 42% on FY2024.
25 lenders had approvals here; the most active were Premier Capital Corporation (8), First Harrison Bank (8) and U.S. Bank, National Association (8). 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 Floyd County
By number of approvals to businesses in the county, FY2021–FY2025; 25 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Premier Capital CorporationIndianapolis, IN · CDC | 8 | $4.7M | 11.9% | |
| 2 | First Harrison BankCorydon, IN | 8 | $1.6M | 11.9% | |
| 3 | U.S. Bank, National AssociationCincinnati, OH | 8 | $519K | 11.9% | |
| 4 | Stock Yards Bank & Trust CompanyLouisville, KY | 7 | $5.1M | 10.4% | |
| 5 | The Huntington National BankColumbus, OH | 5 | $5.3M | 7.5% | |
| 6 | German American BankJasper, IN | 4 | $2.8M | 6.0% | |
| 7 | Old National BankEvansville, IN | 3 | $557K | 4.5% | |
| 8 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 2 | — | 3.0% | |
| 9 | Capital Access Corporation - KentuckyLouisville, KY · CDC | 2 | — | 3.0% | |
| 10 | Byline BankChicago, IL | 2 | — | 3.0% | |
| 11 | First Merchants BankIndianapolis, IN | 2 | — | 3.0% | |
| 12 | Republic Bank & Trust CompanyLouisville, KY | 2 | — | 3.0% | |
| 13 | Northeast BankLewiston, ME | 2 | — | 3.0% | |
| 14 | 1st Financial Bank USADakota Dunes, SD | 1 | — | 1.5% | |
| 15 | Wells Fargo Bank National AssociationSioux Falls, SD | 1 | — | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 10.4% | |
| 2 | Other Personal ServicesNAICS 8129 | 4 | 6.0% | |
| 3 | Household and Institutional Furniture and Kitchen Cabinet ManufacturingNAICS 3371 | 3 | 4.5% | |
| 4 | General Freight TruckingNAICS 4841 | 3 | 4.5% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 3 | 4.5% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 3 | 4.5% | |
| 7 | Health and Personal Care RetailersNAICS 4561 | 3 | 4.5% | |
| 8 | Plastics Product ManufacturingNAICS 3261 | 3 | 4.5% | |
| 9 | Advertising, Public Relations, and Related ServicesNAICS 5418 | 3 | 4.5% | |
| 10 | Building Material and Supplies DealersNAICS 4441 | 2 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 12 | 17.9% | |
| 2 | Accommodation and Food Services | 9 | 13.4% | |
| 3 | Other Services (except Public Administration) | 9 | 13.4% | |
| 4 | Retail Trade | 8 | 11.9% | |
| 5 | Health Care and Social Assistance | 7 | 10.4% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 6 | 9.0% | |
| 7 | Professional, Scientific, and Technical Services | 4 | 6.0% | |
| 8 | Construction | 3 | 4.5% |
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* | 14 | $10.2M | $387K | 2 | — | 16 | 339 |
| FY2025 | 10 | $3.6M | $169K | 7 | $5.0M | 17 | 159 |
| FY2024 | 11 | $4.5M | $164K | 1 | — | 12 | 73 |
| FY2023 | 7 | $1.2M | $178K | 3 | $2.0M | 10 | 117 |
| FY2022 | 15 | $12.1M | $350K | 2 | — | 17 | 384 |
| FY2021 | 11 | $5.6M | $110K | 0 | — | 11 | 62 |
| FY2020 | 10 | $6.2M | $191K | 2 | — | 12 | 146 |
| FY2019 | 12 | $2.9M | $126K | 0 | — | 12 | 180 |
| FY2018 | 20 | $9.7M | $138K | 0 | — | 20 | 240 |
| FY2017 | 10 | $3.4M | $182K | 0 | — | 10 | 114 |
| FY2016 | 4 | $991K | $218K | 0 | — | 4 | 48 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 58 approvals.
Against Indiana and the country
| FY2021–FY2025 | Floyd County | Indiana | United States |
|---|---|---|---|
| Approvals | 67 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 34.8 | 43.6 | 41.0 |
| Median 7(a) approval | $173K | $150K | $190K |
| Median 504 approval | $701K | $522K | $657K |
| Average approval | $538K | $500K | $573K |
| 504 share of approvals | 19.4% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 11.9 | 10.3 | 10.5 |
| Share of state approvals | 1.0% | 100.0% | — |
Approval sizes
- $50,000 or less26.9%18
- $50,001 to $150,00011.9%8
- $150,001 to $350,00023.9%16
- $350,001 to $1 million26.9%18
- $1 million to $2 million1.5%1
- Over $2 million9.0%6
Age of the businesses
- Existing, more than 2 years old55.2%37
- New business, 2 years or less17.9%12
- Startup, loan funds will open the business11.9%8
- Change of ownership13.4%9
- Not answered1.5%1
Questions and answers
Which lenders make the most SBA loans in Floyd County?
By approvals in FY2021 to FY2025: Premier Capital Corporation (8), First Harrison Bank (8), U.S. Bank, National Association (8), Stock Yards Bank & Trust Company (7), The Huntington National Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Floyd County?
The median 7(a) approval was $173K and the median 504 approval $701K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Floyd County?
Restaurants and Other Eating Places (7); Other Personal Services (4); Household and Institutional Furniture and Kitchen Cabinet Manufacturing (3); General Freight Trucking (3); Offices of Other Health Practitioners (3).
Is SBA lending in Floyd County rising?
Approvals in the three latest complete fiscal years total 39, against 40 in the three before: broadly level (-2%).
How does Floyd County compare with the rest of Indiana?
34.8 approvals per 1,000 establishments against 43.6 statewide, and 67 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