States › Indiana › LaPorte County
County14th of 92 in Indiana by approvalsFIPS 18091
SBA loans in LaPorte 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 LaPorte County, Indiana, received 121 SBA loan approvals worth $76.2M in FY2021 to FY2025 (97 7(a), 24 504).
That is 52.7 approvals per 1,000 business establishments (2,297 establishments in 2023), above the Indiana figure of 43.6 and above the national 41.0.
It ranks 14th of 92 Indiana counties with approvals. In FY2025 there were 14, down 58% on FY2024.
32 lenders had approvals here; the most active were 1st Source Bank (31), Centier Bank (17) and Regional Development Company (14). 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 LaPorte County
By number of approvals to businesses in the county, FY2021–FY2025; 32 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | 1st Source BankSouth Bend, IN | 31 | $3.1M | 25.6% | |
| 2 | Centier BankWhiting, IN | 17 | $6.0M | 14.0% | |
| 3 | Regional Development CompanyValparaiso, IN · CDC | 14 | $8.6M | 11.6% | |
| 4 | First Bank of the LakeOsage Beach, MO | 6 | $9.8M | 5.0% | |
| 5 | Business Development Corporation (BDC)South Bend, IN · CDC | 6 | $4.3M | 5.0% | |
| 6 | Horizon BankMichigan City, IN | 6 | $1.2M | 5.0% | |
| 7 | Small Business Growth CorporationSpringfield, IL · CDC | 3 | $10.8M | 2.5% | |
| 8 | The Huntington National BankColumbus, OH | 3 | $3.2M | 2.5% | |
| 9 | Byline BankChicago, IL | 3 | $2.4M | 2.5% | |
| 10 | Old National BankEvansville, IN | 3 | $1.6M | 2.5% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 3 | $550K | 2.5% | |
| 12 | Village Bank and Trust, National AssociationArlington Heights, IL | 2 | — | 1.7% | |
| 13 | Everwise Credit UnionSouth Bend, IN | 2 | — | 1.7% | |
| 14 | Shoreham BankWarwick, RI | 2 | — | 1.7% | |
| 15 | First State Bank of MiddleburyMiddlebury, IN | 2 | — | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 17 | 14.0% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 7 | 5.8% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 5 | 4.1% | |
| 4 | Specialized Freight TruckingNAICS 4842 | 5 | 4.1% | |
| 5 | Other Miscellaneous ManufacturingNAICS 3399 | 4 | 3.3% | |
| 6 | Traveler AccommodationNAICS 7211 | 4 | 3.3% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 3.3% | |
| 8 | Soap, Cleaning Compound, and Toilet Preparation ManufacturingNAICS 3256 | 3 | 2.5% | |
| 9 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 3 | 2.5% | |
| 10 | General Freight TruckingNAICS 4841 | 3 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 22 | 18.2% | |
| 2 | Manufacturing | 15 | 12.4% | |
| 3 | Retail Trade | 15 | 12.4% | |
| 4 | Health Care and Social Assistance | 14 | 11.6% | |
| 5 | Other Services (except Public Administration) | 11 | 9.1% | |
| 6 | Transportation and Warehousing | 8 | 6.6% | |
| 7 | Construction | 8 | 6.6% | |
| 8 | Wholesale Trade | 6 | 5.0% |
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* | 7 | $3.5M | $150K | 5 | $6.4M | 12 | 80 |
| FY2025 | 11 | $4.4M | $390K | 3 | $1.4M | 14 | 131 |
| FY2024 | 25 | $13.9M | $150K | 8 | $14.8M | 33 | 390 |
| FY2023 | 27 | $16.2M | $122K | 1 | — | 28 | 280 |
| FY2022 | 18 | $7.8M | $212K | 9 | $7.7M | 27 | 273 |
| FY2021 | 16 | $5.8M | $258K | 3 | $3.9M | 19 | 216 |
| FY2020 | 24 | $12.0M | $244K | 5 | $5.0M | 29 | 328 |
| FY2019 | 12 | $2.5M | $130K | 0 | — | 12 | 101 |
| FY2018 | 21 | $9.2M | $51K | 5 | $4.0M | 26 | 158 |
| FY2017 | 30 | $8.5M | $57K | 6 | $3.8M | 36 | 437 |
| FY2016 | 27 | $9.0M | $73K | 4 | $2.0M | 31 | 221 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 134 approvals.
Against Indiana and the country
| FY2021–FY2025 | LaPorte County | Indiana | United States |
|---|---|---|---|
| Approvals | 121 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 52.7 | 43.6 | 41.0 |
| Median 7(a) approval | $160K | $150K | $190K |
| Median 504 approval | $731K | $522K | $657K |
| Average approval | $630K | $500K | $573K |
| 504 share of approvals | 19.8% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 10.7 | 10.3 | 10.5 |
| Share of state approvals | 1.8% | 100.0% | — |
Approval sizes
- $50,000 or less18.2%22
- $50,001 to $150,00022.3%27
- $150,001 to $350,00016.5%20
- $350,001 to $1 million28.1%34
- $1 million to $2 million7.4%9
- Over $2 million7.4%9
Age of the businesses
- Existing, more than 2 years old52.9%64
- New business, 2 years or less17.4%21
- Startup, loan funds will open the business20.7%25
- Change of ownership9.1%11
Questions and answers
Which lenders make the most SBA loans in LaPorte County?
By approvals in FY2021 to FY2025: 1st Source Bank (31), Centier Bank (17), Regional Development Company (14), First Bank of the Lake (6), Business Development Corporation (BDC) (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in LaPorte County?
The median 7(a) approval was $160K and the median 504 approval $731K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in LaPorte County?
Restaurants and Other Eating Places (17); Offices of Other Health Practitioners (7); Services to Buildings and Dwellings (5); Specialized Freight Trucking (5); Other Miscellaneous Manufacturing (4).
Is SBA lending in LaPorte County rising?
Approvals in the three latest complete fiscal years total 75, against 75 in the three before: broadly level (0%).
How does LaPorte County compare with the rest of Indiana?
52.7 approvals per 1,000 establishments against 43.6 statewide, and 121 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