States › Indiana › Kosciusko County
County23rd of 92 in Indiana by approvalsFIPS 18085
SBA loans in Kosciusko 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 Kosciusko County, Indiana, received 57 SBA loan approvals worth $15.7M in FY2021 to FY2025 (44 7(a), 13 504).
That is 28.0 approvals per 1,000 business establishments (2,039 establishments in 2023), below the Indiana figure of 43.6 and below the national 41.0.
It ranks 23rd of 92 Indiana counties with approvals. In FY2025 there were 16.
19 lenders had approvals here; the most active were 1st Source Bank (17), Lake City Bank (10) and Community Development Corporation of Fort Wayne (6). 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 Kosciusko County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | 1st Source BankSouth Bend, IN | 17 | $2.7M | 29.8% | |
| 2 | Lake City BankWarsaw, IN | 10 | $2.0M | 17.5% | |
| 3 | Community Development Corporation of Fort WayneFort Wayne, IN · CDC | 6 | $2.2M | 10.5% | |
| 4 | Business Development Corporation (BDC)South Bend, IN · CDC | 6 | $1.8M | 10.5% | |
| 5 | KeyBank National AssociationCleveland, OH | 3 | $70K | 5.3% | |
| 6 | Fifth Third BankCincinnati, OH | 2 | — | 3.5% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.8% | |
| 8 | Byline BankChicago, IL | 1 | — | 1.8% | |
| 9 | Premier Capital CorporationIndianapolis, IN · CDC | 1 | — | 1.8% | |
| 10 | Old National BankEvansville, IN | 1 | — | 1.8% | |
| 11 | Flagship Enterprise Center, Inc. (dba Bankable)Anderson, IN | 1 | — | 1.8% | |
| 12 | The Huntington National BankColumbus, OH | 1 | — | 1.8% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 1.8% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 1 | — | 1.8% | |
| 15 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 14.0% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 5 | 8.8% | |
| 3 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 4 | 7.0% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 7.0% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 7.0% | |
| 6 | Other Motor Vehicle DealersNAICS 4412 | 3 | 5.3% | |
| 7 | Other Support ServicesNAICS 5619 | 2 | 3.5% | |
| 8 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 2 | 3.5% | |
| 9 | Other Miscellaneous ManufacturingNAICS 3399 | 2 | 3.5% | |
| 10 | Personal Care ServicesNAICS 8121 | 2 | 3.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 9 | 15.8% | |
| 2 | Other Services (except Public Administration) | 8 | 14.0% | |
| 3 | Construction | 8 | 14.0% | |
| 4 | Manufacturing | 8 | 14.0% | |
| 5 | Retail Trade | 6 | 10.5% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 5 | 8.8% | |
| 7 | Arts, Entertainment, and Recreation | 4 | 7.0% | |
| 8 | Professional, Scientific, and Technical Services | 3 | 5.3% |
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* | 2 | — | — | 0 | — | 2 | 10 |
| FY2025 | 15 | $2.8M | $100K | 1 | — | 16 | 71 |
| FY2024 | 6 | $1.2M | $110K | 2 | — | 8 | 65 |
| FY2023 | 6 | $1.3M | $260K | 1 | — | 7 | 37 |
| FY2022 | 9 | $3.7M | $153K | 7 | $3.2M | 16 | 149 |
| FY2021 | 8 | $1.8M | $171K | 2 | — | 10 | 58 |
| FY2020 | 5 | $311K | $60K | 1 | — | 6 | 37 |
| FY2019 | 8 | $1.2M | $88K | 1 | — | 9 | 46 |
| FY2018 | 20 | $15.6M | $147K | 2 | — | 22 | 304 |
| FY2017 | 7 | $615K | $54K | 4 | $2.0M | 11 | 63 |
| FY2016 | 7 | $549K | $55K | 0 | — | 7 | 130 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 55 approvals.
Against Indiana and the country
| FY2021–FY2025 | Kosciusko County | Indiana | United States |
|---|---|---|---|
| Approvals | 57 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 28.0 | 43.6 | 41.0 |
| Median 7(a) approval | $113K | $150K | $190K |
| Median 504 approval | $256K | $522K | $657K |
| Average approval | $276K | $500K | $573K |
| 504 share of approvals | 22.8% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 6.7 | 10.3 | 10.5 |
| Share of state approvals | 0.8% | 100.0% | — |
Approval sizes
- $50,000 or less28.1%16
- $50,001 to $150,00019.3%11
- $150,001 to $350,00031.6%18
- $350,001 to $1 million17.5%10
- $1 million to $2 million1.8%1
- Over $2 million1.8%1
Age of the businesses
- Existing, more than 2 years old43.9%25
- New business, 2 years or less24.6%14
- Startup, loan funds will open the business17.5%10
- Change of ownership14.0%8
Questions and answers
Which lenders make the most SBA loans in Kosciusko County?
By approvals in FY2021 to FY2025: 1st Source Bank (17), Lake City Bank (10), Community Development Corporation of Fort Wayne (6), Business Development Corporation (BDC) (6), KeyBank National Association (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Kosciusko County?
The median 7(a) approval was $113K and the median 504 approval $256K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Kosciusko County?
Restaurants and Other Eating Places (8); Building Equipment Contractors (5); Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (4); Other Amusement and Recreation Industries (4); Automotive Repair and Maintenance (4).
Is SBA lending in Kosciusko County rising?
Approvals in the three latest complete fiscal years total 31, against 32 in the three before: broadly level (-3%).
How does Kosciusko County compare with the rest of Indiana?
28.0 approvals per 1,000 establishments against 43.6 statewide, and 57 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