States › Indiana › Hancock County
County15th of 92 in Indiana by approvalsFIPS 18059
SBA loans in Hancock 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 Hancock County, Indiana, received 100 SBA loan approvals worth $45.5M in FY2021 to FY2025 (92 7(a), 8 504).
That is 61.2 approvals per 1,000 business establishments (1,634 establishments in 2023), above the Indiana figure of 43.6 and above the national 41.0.
It ranks 15th of 92 Indiana counties with approvals. In FY2025 there were 22, about level with FY2024.
30 lenders had approvals here; the most active were The Huntington National Bank (41), Indiana Statewide Certified Development Corporation (6) and Live Oak Banking Company (5). 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 Hancock County
By number of approvals to businesses in the county, FY2021–FY2025; 30 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 41 | $12.8M | 41.0% | |
| 2 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 6 | $2.3M | 6.0% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 5 | $6.9M | 5.0% | |
| 4 | Citizens State Bank of New CastleNew Castle, IN | 4 | $1.0M | 4.0% | |
| 5 | Merchants Bank of IndianaCarmel, IN | 3 | $5.2M | 3.0% | |
| 6 | First Merchants BankIndianapolis, IN | 3 | $640K | 3.0% | |
| 7 | Flagship Enterprise Center, Inc. (dba Bankable)Anderson, IN | 3 | $245K | 3.0% | |
| 8 | PNC Bank, National AssociationWilmington, DE | 3 | $90K | 3.0% | |
| 9 | First Internet Bank of IndianaFishers, IN | 2 | — | 2.0% | |
| 10 | Premier Capital CorporationIndianapolis, IN · CDC | 2 | — | 2.0% | |
| 11 | TowneBankPortsmouth, VA | 2 | — | 2.0% | |
| 12 | KeyBank National AssociationCleveland, OH | 2 | — | 2.0% | |
| 13 | Northwest BankWarren, PA | 2 | — | 2.0% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 2.0% | |
| 15 | JPMorgan Chase Bank, National AssociationColumbus, OH | 2 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 12.0% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 11 | 11.0% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 7 | 7.0% | |
| 4 | General Freight TruckingNAICS 4841 | 7 | 7.0% | |
| 5 | Offices of DentistsNAICS 6212 | 5 | 5.0% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 4.0% | |
| 7 | Home Health Care ServicesNAICS 6216 | 3 | 3.0% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 3 | 3.0% | |
| 9 | Travel Arrangement and Reservation ServicesNAICS 5615 | 3 | 3.0% | |
| 10 | Other Food ManufacturingNAICS 3119 | 2 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 18 | 18.0% | |
| 2 | Accommodation and Food Services | 16 | 16.0% | |
| 3 | Health Care and Social Assistance | 14 | 14.0% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 13 | 13.0% | |
| 5 | Manufacturing | 9 | 9.0% | |
| 6 | Other Services (except Public Administration) | 8 | 8.0% | |
| 7 | Transportation and Warehousing | 7 | 7.0% | |
| 8 | Retail Trade | 3 | 3.0% |
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* | 10 | $6.8M | $243K | 1 | — | 11 | 132 |
| FY2025 | 21 | $7.7M | $200K | 1 | — | 22 | 408 |
| FY2024 | 21 | $4.4M | $65K | 2 | — | 23 | 239 |
| FY2023 | 22 | $8.1M | $88K | 1 | — | 23 | 394 |
| FY2022 | 13 | $4.5M | $120K | 1 | — | 14 | 101 |
| FY2021 | 15 | $16.0M | $615K | 3 | $822K | 18 | 193 |
| FY2020 | 5 | $3.9M | $150K | 3 | $1.4M | 8 | 145 |
| FY2019 | 19 | $4.2M | $111K | 2 | — | 21 | 389 |
| FY2018 | 20 | $11.1M | $238K | 3 | $3.1M | 23 | 300 |
| FY2017 | 13 | $2.8M | $70K | 3 | $779K | 16 | 100 |
| FY2016 | 17 | $2.5M | $100K | 2 | — | 19 | 86 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 87 approvals.
Against Indiana and the country
| FY2021–FY2025 | Hancock County | Indiana | United States |
|---|---|---|---|
| Approvals | 100 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 61.2 | 43.6 | 41.0 |
| Median 7(a) approval | $116K | $150K | $190K |
| Median 504 approval | $411K | $522K | $657K |
| Average approval | $455K | $500K | $573K |
| 504 share of approvals | 8.0% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 13.4 | 10.3 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less26.0%26
- $50,001 to $150,00029.0%29
- $150,001 to $350,00014.0%14
- $350,001 to $1 million19.0%19
- $1 million to $2 million7.0%7
- Over $2 million5.0%5
Age of the businesses
- Existing, more than 2 years old67.0%67
- New business, 2 years or less8.0%8
- Startup, loan funds will open the business15.0%15
- Change of ownership10.0%10
Questions and answers
Which lenders make the most SBA loans in Hancock County?
By approvals in FY2021 to FY2025: The Huntington National Bank (41), Indiana Statewide Certified Development Corporation (6), Live Oak Banking Company (5), Citizens State Bank of New Castle (4), Merchants Bank of Indiana (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hancock County?
The median 7(a) approval was $116K and the median 504 approval $411K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Hancock County?
Restaurants and Other Eating Places (12); Other Specialty Trade Contractors (11); Services to Buildings and Dwellings (7); General Freight Trucking (7); Offices of Dentists (5).
Is SBA lending in Hancock County rising?
Approvals in the three latest complete fiscal years total 68, against 40 in the three before: rising (+70%).
How does Hancock County compare with the rest of Indiana?
61.2 approvals per 1,000 establishments against 43.6 statewide, and 100 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