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County17th of 92 in Indiana by approvalsFIPS 18105
SBA loans in Monroe 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 87 loans to businesses in Monroe County, Indiana, in FY2021 to FY2025, worth $40.6M: 83 under 7(a) and 4 under 504.
That is 28.1 approvals per 1,000 business establishments (3,095 establishments in 2023), below the Indiana figure of 43.6 and below the national 41.0.
It ranks 17th of 92 Indiana counties with approvals. In FY2025 there were 19, down 14% on FY2024.
28 lenders had approvals here; the most active were Old National Bank (14), The Huntington National Bank (10) and German American Bank (7). 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 Monroe County
By number of approvals to businesses in the county, FY2021–FY2025; 28 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Old National BankEvansville, IN | 14 | $7.3M | 16.1% | |
| 2 | The Huntington National BankColumbus, OH | 10 | $2.6M | 11.5% | |
| 3 | German American BankJasper, IN | 7 | $2.2M | 8.0% | |
| 4 | KeyBank National AssociationCleveland, OH | 5 | $4.7M | 5.7% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 5 | $2.7M | 5.7% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 5 | $1.6M | 5.7% | |
| 7 | Northeast BankLewiston, ME | 5 | $1.3M | 5.7% | |
| 8 | Owen County State BankSpencer, IN | 4 | $4.6M | 4.6% | |
| 9 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 3 | $1.6M | 3.4% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $372K | 3.4% | |
| 11 | STAR Financial BankFort Wayne, IN | 2 | — | 2.3% | |
| 12 | The Farmers Bank, Frankfort, IndianaFrankfort, IN | 2 | — | 2.3% | |
| 13 | Horizon BankMichigan City, IN | 2 | — | 2.3% | |
| 14 | Northwest BankWarren, PA | 2 | — | 2.3% | |
| 15 | Fifth Third BankCincinnati, OH | 2 | — | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 10.3% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 5.7% | |
| 3 | General Rental CentersNAICS 5323 | 4 | 4.6% | |
| 4 | Printing and Related Support ActivitiesNAICS 3231 | 4 | 4.6% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 3.4% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 3 | 3.4% | |
| 7 | Offices of DentistsNAICS 6212 | 3 | 3.4% | |
| 8 | Personal Care ServicesNAICS 8121 | 3 | 3.4% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.4% | |
| 10 | Health and Personal Care RetailersNAICS 4561 | 3 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 16 | 18.4% | |
| 2 | Accommodation and Food Services | 13 | 14.9% | |
| 3 | Construction | 12 | 13.8% | |
| 4 | Manufacturing | 9 | 10.3% | |
| 5 | Professional, Scientific, and Technical Services | 7 | 8.0% | |
| 6 | Real Estate and Rental and Leasing | 6 | 6.9% | |
| 7 | Health Care and Social Assistance | 6 | 6.9% | |
| 8 | Arts, Entertainment, and Recreation | 5 | 5.7% |
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* | 8 | $4.7M | $326K | 2 | — | 10 | 90 |
| FY2025 | 19 | $5.8M | $250K | 0 | — | 19 | 162 |
| FY2024 | 22 | $7.8M | $262K | 0 | — | 22 | 249 |
| FY2023 | 9 | $2.3M | $205K | 1 | — | 10 | 286 |
| FY2022 | 17 | $15.2M | $388K | 1 | — | 18 | 281 |
| FY2021 | 16 | $7.6M | $282K | 2 | — | 18 | 178 |
| FY2020 | 7 | $6.4M | $350K | 2 | — | 9 | 330 |
| FY2019 | 15 | $2.5M | $89K | 1 | — | 16 | 198 |
| FY2018 | 14 | $7.6M | $116K | 3 | $4.3M | 17 | 478 |
| FY2017 | 26 | $6.2M | $80K | 1 | — | 27 | 292 |
| FY2016 | 23 | $13.3M | $150K | 2 | — | 25 | 446 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 94 approvals.
Against Indiana and the country
| FY2021–FY2025 | Monroe County | Indiana | United States |
|---|---|---|---|
| Approvals | 87 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 28.1 | 43.6 | 41.0 |
| Median 7(a) approval | $275K | $150K | $190K |
| Median 504 approval | $519K | $522K | $657K |
| Average approval | $467K | $500K | $573K |
| 504 share of approvals | 4.6% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 13.3 | 10.3 | 10.5 |
| Share of state approvals | 1.3% | 100.0% | — |
Approval sizes
- $50,000 or less8.0%7
- $50,001 to $150,00024.1%21
- $150,001 to $350,00028.7%25
- $350,001 to $1 million29.9%26
- $1 million to $2 million5.7%5
- Over $2 million3.4%3
Age of the businesses
- Existing, more than 2 years old51.7%45
- New business, 2 years or less17.2%15
- Startup, loan funds will open the business13.8%12
- Change of ownership17.2%15
Questions and answers
Which lenders make the most SBA loans in Monroe County?
By approvals in FY2021 to FY2025: Old National Bank (14), The Huntington National Bank (10), German American Bank (7), KeyBank National Association (5), Newtek Bank, National Association (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Monroe County?
The median 7(a) approval was $275K and the median 504 approval $519K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Monroe County?
Restaurants and Other Eating Places (9); Other Amusement and Recreation Industries (5); General Rental Centers (4); Printing and Related Support Activities (4); Other Professional, Scientific, and Technical Services (3).
Is SBA lending in Monroe County rising?
Approvals in the three latest complete fiscal years total 51, against 45 in the three before: rising (+13%).
How does Monroe County compare with the rest of Indiana?
28.1 approvals per 1,000 establishments against 43.6 statewide, and 87 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