States › Indiana › Marion County
County1st of 92 in Indiana by approvalsFIPS 18097
SBA loans in Marion 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 1,364 loans to businesses in Marion County, Indiana, in FY2021 to FY2025, worth $698M: 1,239 under 7(a) and 125 under 504.
That is 56.3 approvals per 1,000 business establishments (24,248 establishments in 2023), above the Indiana figure of 43.6 and above the national 41.0.
It ranks 1st of 92 Indiana counties with approvals. In FY2025 there were 249, down 20% on FY2024.
97 lenders had approvals here; the most active were The Huntington National Bank (538), Indiana Statewide Certified Development Corporation (69) and Premier Capital Corporation (50). 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 Marion County
By number of approvals to businesses in the county, FY2021–FY2025; 97 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 538 | $110M | 39.4% | |
| 2 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 69 | $67.5M | 5.1% | |
| 3 | Premier Capital CorporationIndianapolis, IN · CDC | 50 | $40.0M | 3.7% | |
| 4 | Merchants Bank of IndianaCarmel, IN | 49 | $35.9M | 3.6% | |
| 5 | Old National BankEvansville, IN | 41 | $47.0M | 3.0% | |
| 6 | KeyBank National AssociationCleveland, OH | 41 | $28.9M | 3.0% | |
| 7 | Citizens State Bank of New CastleNew Castle, IN | 33 | $6.9M | 2.4% | |
| 8 | STAR Financial BankFort Wayne, IN | 27 | $11.6M | 2.0% | |
| 9 | First Internet Bank of IndianaFishers, IN | 26 | $40.5M | 1.9% | |
| 10 | Northeast BankLewiston, ME | 25 | $2.4M | 1.8% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 23 | $8.9M | 1.7% | |
| 12 | PNC Bank, National AssociationWilmington, DE | 21 | $4.7M | 1.5% | |
| 13 | JPMorgan Chase Bank, National AssociationColumbus, OH | 21 | $3.6M | 1.5% | |
| 14 | Centier BankWhiting, IN | 20 | $14.8M | 1.5% | |
| 15 | Stock Yards Bank & Trust CompanyLouisville, KY | 19 | $17.3M | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 161 | 11.8% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 91 | 6.7% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 55 | 4.0% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 55 | 4.0% | |
| 5 | Personal Care ServicesNAICS 8121 | 46 | 3.4% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 35 | 2.6% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 30 | 2.2% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 29 | 2.1% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 28 | 2.1% | |
| 10 | Traveler AccommodationNAICS 7211 | 27 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 188 | 13.8% | |
| 2 | Professional, Scientific, and Technical Services | 178 | 13.0% | |
| 3 | Construction | 170 | 12.5% | |
| 4 | Accommodation and Food Services | 140 | 10.3% | |
| 5 | Retail Trade | 128 | 9.4% | |
| 6 | Other Services (except Public Administration) | 113 | 8.3% | |
| 7 | Health Care and Social Assistance | 112 | 8.2% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 85 | 6.2% |
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* | 131 | $71.1M | $150K | 15 | $18.6M | 146 | 1,251 |
| FY2025 | 228 | $98.6M | $150K | 21 | $22.3M | 249 | 2,387 |
| FY2024 | 292 | $118M | $100K | 19 | $22.9M | 311 | 2,875 |
| FY2023 | 266 | $135M | $131K | 18 | $12.4M | 284 | 3,554 |
| FY2022 | 219 | $79.6M | $125K | 33 | $25.8M | 252 | 2,251 |
| FY2021 | 234 | $157M | $257K | 34 | $26.2M | 268 | 3,243 |
| FY2020 | 199 | $112M | $175K | 22 | $13.4M | 221 | 1,965 |
| FY2019 | 220 | $78.1M | $150K | 21 | $17.3M | 241 | 2,180 |
| FY2018 | 330 | $104M | $100K | 26 | $16.9M | 356 | 3,156 |
| FY2017 | 294 | $116M | $101K | 22 | $14.1M | 316 | 3,631 |
| FY2016 | 302 | $89.2M | $100K | 41 | $28.7M | 343 | 3,768 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 1,477 approvals.
Against Indiana and the country
| FY2021–FY2025 | Marion County | Indiana | United States |
|---|---|---|---|
| Approvals | 1,364 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 56.3 | 43.6 | 41.0 |
| Median 7(a) approval | $150K | $150K | $190K |
| Median 504 approval | $619K | $522K | $657K |
| Average approval | $511K | $500K | $573K |
| 504 share of approvals | 9.2% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 10.5 | 10.3 | 10.5 |
| Share of state approvals | 20.1% | 100.0% | — |
Approval sizes
- $50,000 or less26.2%357
- $50,001 to $150,00024.3%331
- $150,001 to $350,00018.2%248
- $350,001 to $1 million17.7%242
- $1 million to $2 million7.3%100
- Over $2 million6.3%86
Age of the businesses
- Existing, more than 2 years old62.0%846
- New business, 2 years or less13.5%184
- Startup, loan funds will open the business14.5%198
- Change of ownership9.9%135
- Not answered0.1%1
Questions and answers
Which lenders make the most SBA loans in Marion County?
By approvals in FY2021 to FY2025: The Huntington National Bank (538), Indiana Statewide Certified Development Corporation (69), Premier Capital Corporation (50), Merchants Bank of Indiana (49), Old National Bank (41). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Marion County?
The median 7(a) approval was $150K and the median 504 approval $619K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Marion County?
General Freight Trucking (161); Restaurants and Other Eating Places (91); Building Equipment Contractors (55); Services to Buildings and Dwellings (55); Personal Care Services (46).
Is SBA lending in Marion County rising?
Approvals in the three latest complete fiscal years total 844, against 741 in the three before: rising (+14%).
How does Marion County compare with the rest of Indiana?
56.3 approvals per 1,000 establishments against 43.6 statewide, and 1,364 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