States › Indiana › Hamilton County
County2nd of 92 in Indiana by approvalsFIPS 18057
SBA loans in Hamilton 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 794 loans to businesses in Hamilton County, Indiana, in FY2021 to FY2025, worth $396M: 742 under 7(a) and 52 under 504.
That is 76.0 approvals per 1,000 business establishments (10,446 establishments in 2023), above the Indiana figure of 43.6 and above the national 41.0.
It ranks 2nd of 92 Indiana counties with approvals. In FY2025 there were 199, up 17% on FY2024.
85 lenders had approvals here; the most active were The Huntington National Bank (257), Citizens State Bank of New Castle (48) and Indiana Statewide Certified Development Corporation (29). 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 Hamilton County
By number of approvals to businesses in the county, FY2021–FY2025; 85 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 257 | $53.3M | 32.4% | |
| 2 | Citizens State Bank of New CastleNew Castle, IN | 48 | $18.6M | 6.0% | |
| 3 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 29 | $38.6M | 3.7% | |
| 4 | Northeast BankLewiston, ME | 27 | $3.5M | 3.4% | |
| 5 | Community First Bank of IndianaKokomo, IN | 23 | $11.0M | 2.9% | |
| 6 | Premier Capital CorporationIndianapolis, IN · CDC | 22 | $26.7M | 2.8% | |
| 7 | KeyBank National AssociationCleveland, OH | 22 | $12.3M | 2.8% | |
| 8 | Merchants Bank of IndianaCarmel, IN | 20 | $15.8M | 2.5% | |
| 9 | STAR Financial BankFort Wayne, IN | 18 | $4.5M | 2.3% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 16 | $21.6M | 2.0% | |
| 11 | Old National BankEvansville, IN | 16 | $6.2M | 2.0% | |
| 12 | JPMorgan Chase Bank, National AssociationColumbus, OH | 16 | $3.3M | 2.0% | |
| 13 | The Farmers Bank, Frankfort, IndianaFrankfort, IN | 15 | $10.2M | 1.9% | |
| 14 | First Merchants BankIndianapolis, IN | 15 | $5.1M | 1.9% | |
| 15 | Fifth Third BankCincinnati, OH | 14 | $17.1M | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 78 | 9.8% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 46 | 5.8% | |
| 3 | Personal Care ServicesNAICS 8121 | 41 | 5.2% | |
| 4 | General Freight TruckingNAICS 4841 | 39 | 4.9% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 37 | 4.7% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 29 | 3.7% | |
| 7 | Residential Building ConstructionNAICS 2361 | 27 | 3.4% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 26 | 3.3% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 19 | 2.4% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 19 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 108 | 13.6% | |
| 2 | Construction | 103 | 13.0% | |
| 3 | Accommodation and Food Services | 94 | 11.8% | |
| 4 | Other Services (except Public Administration) | 88 | 11.1% | |
| 5 | Health Care and Social Assistance | 86 | 10.8% | |
| 6 | Retail Trade | 59 | 7.4% | |
| 7 | Arts, Entertainment, and Recreation | 51 | 6.4% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 44 | 5.5% |
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* | 66 | $52.8M | $250K | 10 | $21.9M | 76 | 921 |
| FY2025 | 190 | $88.1M | $150K | 9 | $14.6M | 199 | 1,931 |
| FY2024 | 161 | $62.1M | $150K | 9 | $11.7M | 170 | 1,681 |
| FY2023 | 141 | $67.0M | $200K | 8 | $18.4M | 149 | 2,554 |
| FY2022 | 109 | $47.5M | $175K | 15 | $11.1M | 124 | 1,313 |
| FY2021 | 141 | $63.8M | $150K | 11 | $11.9M | 152 | 1,775 |
| FY2020 | 132 | $72.4M | $226K | 12 | $8.2M | 144 | 1,923 |
| FY2019 | 118 | $49.7M | $150K | 16 | $7.8M | 134 | 1,468 |
| FY2018 | 123 | $53.3M | $125K | 8 | $6.1M | 131 | 1,132 |
| FY2017 | 126 | $27.8M | $100K | 7 | $4.6M | 133 | 1,074 |
| FY2016 | 135 | $24.8M | $53K | 11 | $7.9M | 146 | 1,248 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 688 approvals.
Against Indiana and the country
| FY2021–FY2025 | Hamilton County | Indiana | United States |
|---|---|---|---|
| Approvals | 794 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 76.0 | 43.6 | 41.0 |
| Median 7(a) approval | $150K | $150K | $190K |
| Median 504 approval | $880K | $522K | $657K |
| Average approval | $499K | $500K | $573K |
| 504 share of approvals | 6.5% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 11.7 | 10.3 | 10.5 |
| Share of state approvals | 11.7% | 100.0% | — |
Approval sizes
- $50,000 or less24.1%191
- $50,001 to $150,00023.6%187
- $150,001 to $350,00020.4%162
- $350,001 to $1 million19.1%152
- $1 million to $2 million6.5%52
- Over $2 million6.3%50
Age of the businesses
- Existing, more than 2 years old52.5%417
- New business, 2 years or less14.0%111
- Startup, loan funds will open the business24.4%194
- Change of ownership9.1%72
Questions and answers
Which lenders make the most SBA loans in Hamilton County?
By approvals in FY2021 to FY2025: The Huntington National Bank (257), Citizens State Bank of New Castle (48), Indiana Statewide Certified Development Corporation (29), Northeast Bank (27), Community First Bank of Indiana (23). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hamilton County?
The median 7(a) approval was $150K and the median 504 approval $880K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Hamilton County?
Restaurants and Other Eating Places (78); Other Amusement and Recreation Industries (46); Personal Care Services (41); General Freight Trucking (39); Offices of Other Health Practitioners (37).
Is SBA lending in Hamilton County rising?
Approvals in the three latest complete fiscal years total 518, against 420 in the three before: rising (+23%).
How does Hamilton County compare with the rest of Indiana?
76.0 approvals per 1,000 establishments against 43.6 statewide, and 794 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