States › Indiana › Steuben County
County26th of 92 in Indiana by approvalsFIPS 18151
SBA loans in Steuben 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 46 loans to businesses in Steuben County, Indiana, in FY2021 to FY2025, worth $22.3M: 38 under 7(a) and 8 under 504.
That is 47.7 approvals per 1,000 business establishments (965 establishments in 2023), close to the Indiana figure of 43.6 and above the national 41.0.
It ranks 26th of 92 Indiana counties with approvals. In FY2025 there were 7, down 36% on FY2024.
19 lenders had approvals here; the most active were STAR Financial Bank (12), Community Development Corporation of Fort Wayne (5) and The Huntington National Bank (5). The most common industry was other specialty trade contractors.
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 Steuben County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | STAR Financial BankFort Wayne, IN | 12 | $1.3M | 26.1% | |
| 2 | Community Development Corporation of Fort WayneFort Wayne, IN · CDC | 5 | $5.2M | 10.9% | |
| 3 | The Huntington National BankColumbus, OH | 5 | $3.1M | 10.9% | |
| 4 | First Federal Savings BankHuntington, IN | 3 | $987K | 6.5% | |
| 5 | Flagship Enterprise Center, Inc. (dba Bankable)Anderson, IN | 3 | $470K | 6.5% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 3 | $375K | 6.5% | |
| 7 | Banc of CaliforniaLos Angeles, CA | 2 | — | 4.3% | |
| 8 | Merchants Bank of IndianaCarmel, IN | 2 | — | 4.3% | |
| 9 | Lincoln Savings BankReinbeck, IA | 1 | — | 2.2% | |
| 10 | KeyBank National AssociationCleveland, OH | 1 | — | 2.2% | |
| 11 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 1 | — | 2.2% | |
| 12 | Business Development Corporation (BDC)South Bend, IN · CDC | 1 | — | 2.2% | |
| 13 | TowneBankPortsmouth, VA | 1 | — | 2.2% | |
| 14 | Premier Capital CorporationIndianapolis, IN · CDC | 1 | — | 2.2% | |
| 15 | Village Bank and Trust, National AssociationArlington Heights, IL | 1 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 8.7% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 6.5% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 6.5% | |
| 4 | Other Miscellaneous ManufacturingNAICS 3399 | 2 | 4.3% | |
| 5 | Support Activities for Road TransportationNAICS 4884 | 2 | 4.3% | |
| 6 | Lessors of Real EstateNAICS 5311 | 2 | 4.3% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 4.3% | |
| 8 | Gasoline StationsNAICS 4471 | 2 | 4.3% | |
| 9 | Other Wood Product ManufacturingNAICS 3219 | 2 | 4.3% | |
| 10 | Investigation and Security ServicesNAICS 5616 | 2 | 4.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 9 | 19.6% | |
| 2 | Construction | 8 | 17.4% | |
| 3 | Retail Trade | 6 | 13.0% | |
| 4 | Transportation and Warehousing | 4 | 8.7% | |
| 5 | Accommodation and Food Services | 4 | 8.7% | |
| 6 | Arts, Entertainment, and Recreation | 3 | 6.5% | |
| 7 | Agriculture, Forestry, Fishing and Hunting | 3 | 6.5% | |
| 8 | Real Estate and Rental and Leasing | 2 | 4.3% |
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 | 18 |
| FY2025 | 6 | $2.9M | $191K | 1 | — | 7 | 16 |
| FY2024 | 11 | $2.1M | $105K | 0 | — | 11 | 73 |
| FY2023 | 6 | $887K | $95K | 1 | — | 7 | 17 |
| FY2022 | 5 | $4.2M | $160K | 4 | $6.1M | 9 | 72 |
| FY2021 | 10 | $4.4M | $255K | 2 | — | 12 | 157 |
| FY2020 | 5 | $3.4M | $200K | 1 | — | 6 | 24 |
| FY2019 | 4 | $1.4M | $358K | 2 | — | 6 | 49 |
| FY2018 | 7 | $4.2M | $250K | 1 | — | 8 | 49 |
| FY2017 | 7 | $5.8M | $250K | 2 | — | 9 | 112 |
| FY2016 | 4 | $1.9M | $379K | 2 | — | 6 | 49 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 35 approvals.
Against Indiana and the country
| FY2021–FY2025 | Steuben County | Indiana | United States |
|---|---|---|---|
| Approvals | 46 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 47.7 | 43.6 | 41.0 |
| Median 7(a) approval | $185K | $150K | $190K |
| Median 504 approval | $756K | $522K | $657K |
| Average approval | $485K | $500K | $573K |
| 504 share of approvals | 17.4% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 7.3 | 10.3 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less15.2%7
- $50,001 to $150,00021.7%10
- $150,001 to $350,00034.8%16
- $350,001 to $1 million17.4%8
- $1 million to $2 million4.3%2
- Over $2 million6.5%3
Age of the businesses
- Existing, more than 2 years old65.2%30
- New business, 2 years or less10.9%5
- Startup, loan funds will open the business6.5%3
- Change of ownership17.4%8
Questions and answers
Which lenders make the most SBA loans in Steuben County?
By approvals in FY2021 to FY2025: STAR Financial Bank (12), Community Development Corporation of Fort Wayne (5), The Huntington National Bank (5), First Federal Savings Bank (3), Flagship Enterprise Center, Inc. (dba Bankable) (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Steuben County?
The median 7(a) approval was $185K and the median 504 approval $756K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Steuben County?
Other Specialty Trade Contractors (4); Other Amusement and Recreation Industries (3); Restaurants and Other Eating Places (3); Other Miscellaneous Manufacturing (2); Support Activities for Road Transportation (2).
Is SBA lending in Steuben County rising?
Approvals in the three latest complete fiscal years total 25, against 27 in the three before: broadly level (-7%).
How does Steuben County compare with the rest of Indiana?
47.7 approvals per 1,000 establishments against 43.6 statewide, and 46 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