States › Indiana › Porter County
County11th of 92 in Indiana by approvalsFIPS 18127
SBA loans in Porter 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 183 loans to businesses in Porter County, Indiana, in FY2021 to FY2025, worth $96.4M: 156 under 7(a) and 27 under 504.
That is 49.0 approvals per 1,000 business establishments (3,734 establishments in 2023), close to the Indiana figure of 43.6 and above the national 41.0.
It ranks 11th of 92 Indiana counties with approvals. In FY2025 there were 32, down 11% on FY2024.
39 lenders had approvals here; the most active were Centier Bank (40), 1st Source Bank (35) and Regional Development Company (22). 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 Porter County
By number of approvals to businesses in the county, FY2021–FY2025; 39 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Centier BankWhiting, IN | 40 | $11.5M | 21.9% | |
| 2 | 1st Source BankSouth Bend, IN | 35 | $7.4M | 19.1% | |
| 3 | Regional Development CompanyValparaiso, IN · CDC | 22 | $11.1M | 12.0% | |
| 4 | The Huntington National BankColumbus, OH | 13 | $6.3M | 7.1% | |
| 5 | Horizon BankMichigan City, IN | 7 | $1.3M | 3.8% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 6 | $1.0M | 3.3% | |
| 7 | Fifth Third BankCincinnati, OH | 4 | $3.0M | 2.2% | |
| 8 | First Merchants BankIndianapolis, IN | 4 | $2.2M | 2.2% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 4 | $519K | 2.2% | |
| 10 | GBankLas Vegas, NV | 3 | $9.2M | 1.6% | |
| 11 | Small Business Growth CorporationSpringfield, IL · CDC | 3 | $7.0M | 1.6% | |
| 12 | U.S. Bank, National AssociationCincinnati, OH | 3 | $580K | 1.6% | |
| 13 | Colony BankFitzgerald, GA | 3 | $450K | 1.6% | |
| 14 | Northeast BankLewiston, ME | 3 | $344K | 1.6% | |
| 15 | Millennium BankDes Plaines, IL | 2 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 8.7% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 9 | 4.9% | |
| 3 | Traveler AccommodationNAICS 7211 | 8 | 4.4% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 4.4% | |
| 5 | General Freight TruckingNAICS 4841 | 8 | 4.4% | |
| 6 | Personal Care ServicesNAICS 8121 | 7 | 3.8% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 7 | 3.8% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 6 | 3.3% | |
| 9 | Machinery, Equipment, and Supplies Merchant WholesalersNAICS 4238 | 6 | 3.3% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 5 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 31 | 16.9% | |
| 2 | Construction | 27 | 14.8% | |
| 3 | Health Care and Social Assistance | 20 | 10.9% | |
| 4 | Retail Trade | 18 | 9.8% | |
| 5 | Other Services (except Public Administration) | 16 | 8.7% | |
| 6 | Manufacturing | 11 | 6.0% | |
| 7 | Professional, Scientific, and Technical Services | 11 | 6.0% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 11 | 6.0% |
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* | 31 | $13.5M | $200K | 8 | $6.2M | 39 | 418 |
| FY2025 | 28 | $24.6M | $182K | 4 | $2.7M | 32 | 302 |
| FY2024 | 33 | $12.6M | $150K | 3 | $1.2M | 36 | 377 |
| FY2023 | 34 | $12.0M | $125K | 2 | — | 36 | 325 |
| FY2022 | 34 | $12.8M | $182K | 9 | $4.7M | 43 | 623 |
| FY2021 | 27 | $14.1M | $250K | 9 | $8.2M | 36 | 371 |
| FY2020 | 19 | $2.4M | $120K | 8 | $3.9M | 27 | 218 |
| FY2019 | 27 | $10.2M | $154K | 10 | $5.0M | 37 | 236 |
| FY2018 | 47 | $14.1M | $100K | 14 | $7.1M | 61 | 605 |
| FY2017 | 62 | $10.7M | $76K | 4 | $1.1M | 66 | 1,169 |
| FY2016 | 31 | $13.2M | $150K | 6 | $2.0M | 37 | 638 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 228 approvals.
Against Indiana and the country
| FY2021–FY2025 | Porter County | Indiana | United States |
|---|---|---|---|
| Approvals | 183 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 49.0 | 43.6 | 41.0 |
| Median 7(a) approval | $178K | $150K | $190K |
| Median 504 approval | $412K | $522K | $657K |
| Average approval | $527K | $500K | $573K |
| 504 share of approvals | 14.8% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 10.9 | 10.3 | 10.5 |
| Share of state approvals | 2.7% | 100.0% | — |
Approval sizes
- $50,000 or less20.8%38
- $50,001 to $150,00021.9%40
- $150,001 to $350,00023.5%43
- $350,001 to $1 million20.8%38
- $1 million to $2 million7.1%13
- Over $2 million6.0%11
Age of the businesses
- Existing, more than 2 years old59.0%108
- New business, 2 years or less8.7%16
- Startup, loan funds will open the business23.5%43
- Change of ownership8.7%16
Questions and answers
Which lenders make the most SBA loans in Porter County?
By approvals in FY2021 to FY2025: Centier Bank (40), 1st Source Bank (35), Regional Development Company (22), The Huntington National Bank (13), Horizon Bank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Porter County?
The median 7(a) approval was $178K and the median 504 approval $412K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Porter County?
Restaurants and Other Eating Places (16); Offices of Other Health Practitioners (9); Traveler Accommodation (8); Other Specialty Trade Contractors (8); General Freight Trucking (8).
Is SBA lending in Porter County rising?
Approvals in the three latest complete fiscal years total 104, against 106 in the three before: broadly level (-2%).
How does Porter County compare with the rest of Indiana?
49.0 approvals per 1,000 establishments against 43.6 statewide, and 183 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