States › Indiana › Hendricks County
County7th of 92 in Indiana by approvalsFIPS 18063
SBA loans in Hendricks 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 Hendricks County, Indiana, received 275 SBA loan approvals worth $90.2M in FY2021 to FY2025 (264 7(a), 11 504).
That is 71.2 approvals per 1,000 business establishments (3,860 establishments in 2023), above the Indiana figure of 43.6 and above the national 41.0.
It ranks 7th of 92 Indiana counties with approvals. In FY2025 there were 37, down 33% on FY2024.
46 lenders had approvals here; the most active were The Huntington National Bank (143), Hendricks County Bank and Trust Company (20) and KeyBank National Association (9). The most common industry was general freight trucking.
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 Hendricks County
By number of approvals to businesses in the county, FY2021–FY2025; 46 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 143 | $14.4M | 52.0% | |
| 2 | Hendricks County Bank and Trust CompanyBrownsburg, IN | 20 | $3.0M | 7.3% | |
| 3 | KeyBank National AssociationCleveland, OH | 9 | $1.3M | 3.3% | |
| 4 | The North Salem State BankNorth Salem, IN | 9 | $585K | 3.3% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 6 | $9.6M | 2.2% | |
| 6 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 6 | $7.6M | 2.2% | |
| 7 | Community First Bank of IndianaKokomo, IN | 5 | $6.0M | 1.8% | |
| 8 | Premier Capital CorporationIndianapolis, IN · CDC | 5 | $2.7M | 1.8% | |
| 9 | Newtek Small Business Finance, Inc.Lake Success, NY | 4 | $2.7M | 1.5% | |
| 10 | First Financial BankCincinnati, OH | 4 | $1.6M | 1.5% | |
| 11 | JPMorgan Chase Bank, National AssociationColumbus, OH | 4 | $1.1M | 1.5% | |
| 12 | Everwise Credit UnionSouth Bend, IN | 3 | $5.8M | 1.1% | |
| 13 | First Merchants BankIndianapolis, IN | 3 | $2.9M | 1.1% | |
| 14 | First Internet Bank of IndianaFishers, IN | 3 | $1.1M | 1.1% | |
| 15 | State BankBrownsburg, IN | 3 | $700K | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 69 | 25.1% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 5.5% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 14 | 5.1% | |
| 4 | Personal Care ServicesNAICS 8121 | 14 | 5.1% | |
| 5 | Home Health Care ServicesNAICS 6216 | 11 | 4.0% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 10 | 3.6% | |
| 7 | Residential Building ConstructionNAICS 2361 | 9 | 3.3% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 8 | 2.9% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 7 | 2.5% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 81 | 29.5% | |
| 2 | Construction | 32 | 11.6% | |
| 3 | Other Services (except Public Administration) | 25 | 9.1% | |
| 4 | Accommodation and Food Services | 24 | 8.7% | |
| 5 | Health Care and Social Assistance | 22 | 8.0% | |
| 6 | Arts, Entertainment, and Recreation | 19 | 6.9% | |
| 7 | Manufacturing | 17 | 6.2% | |
| 8 | Retail Trade | 15 | 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* | 21 | $10.3M | $205K | 1 | — | 22 | 295 |
| FY2025 | 35 | $14.8M | $105K | 2 | — | 37 | 303 |
| FY2024 | 54 | $20.8M | $80K | 1 | — | 55 | 338 |
| FY2023 | 56 | $10.9M | $66K | 1 | — | 57 | 519 |
| FY2022 | 64 | $17.8M | $112K | 3 | $5.4M | 67 | 534 |
| FY2021 | 55 | $15.7M | $83K | 4 | $1.9M | 59 | 580 |
| FY2020 | 51 | $15.3M | $105K | 5 | $4.7M | 56 | 459 |
| FY2019 | 34 | $12.1M | $131K | 1 | — | 35 | 181 |
| FY2018 | 81 | $14.3M | $70K | 5 | $3.6M | 86 | 801 |
| FY2017 | 54 | $23.9M | $75K | 3 | $2.7M | 57 | 621 |
| FY2016 | 63 | $17.9M | $61K | 4 | $2.2M | 67 | 437 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 301 approvals.
Against Indiana and the country
| FY2021–FY2025 | Hendricks County | Indiana | United States |
|---|---|---|---|
| Approvals | 275 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 71.2 | 43.6 | 41.0 |
| Median 7(a) approval | $100K | $150K | $190K |
| Median 504 approval | $656K | $522K | $657K |
| Average approval | $328K | $500K | $573K |
| 504 share of approvals | 4.0% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 8.3 | 10.3 | 10.5 |
| Share of state approvals | 4.1% | 100.0% | — |
Approval sizes
- $50,000 or less33.5%92
- $50,001 to $150,00031.6%87
- $150,001 to $350,00016.7%46
- $350,001 to $1 million11.6%32
- $1 million to $2 million2.9%8
- Over $2 million3.6%10
Age of the businesses
- Existing, more than 2 years old54.9%151
- New business, 2 years or less17.1%47
- Startup, loan funds will open the business23.3%64
- Change of ownership4.7%13
Questions and answers
Which lenders make the most SBA loans in Hendricks County?
By approvals in FY2021 to FY2025: The Huntington National Bank (143), Hendricks County Bank and Trust Company (20), KeyBank National Association (9), The North Salem State Bank (9), Live Oak Banking Company (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hendricks County?
The median 7(a) approval was $100K and the median 504 approval $656K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Hendricks County?
General Freight Trucking (69); Restaurants and Other Eating Places (15); Other Amusement and Recreation Industries (14); Personal Care Services (14); Home Health Care Services (11).
Is SBA lending in Hendricks County rising?
Approvals in the three latest complete fiscal years total 149, against 182 in the three before: falling (-18%).
How does Hendricks County compare with the rest of Indiana?
71.2 approvals per 1,000 establishments against 43.6 statewide, and 275 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