States › Indiana › Tippecanoe County
County10th of 92 in Indiana by approvalsFIPS 18157
SBA loans in Tippecanoe 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 Tippecanoe County, Indiana, in FY2021 to FY2025, worth $92.2M: 157 under 7(a) and 26 under 504.
That is 47.4 approvals per 1,000 business establishments (3,857 establishments in 2023), close to the Indiana figure of 43.6 and above the national 41.0.
It ranks 10th of 92 Indiana counties with approvals. In FY2025 there were 34, up 31% on FY2024.
33 lenders had approvals here; the most active were Centier Bank (51), The Huntington National Bank (34) and Indiana Statewide Certified Development Corporation (15). 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 Tippecanoe County
By number of approvals to businesses in the county, FY2021–FY2025; 33 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Centier BankWhiting, IN | 51 | $9.3M | 27.9% | |
| 2 | The Huntington National BankColumbus, OH | 34 | $3.4M | 18.6% | |
| 3 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 15 | $14.8M | 8.2% | |
| 4 | 1st Source BankSouth Bend, IN | 14 | $5.5M | 7.7% | |
| 5 | Old National BankEvansville, IN | 8 | $5.8M | 4.4% | |
| 6 | First Merchants BankIndianapolis, IN | 8 | $550K | 4.4% | |
| 7 | Regional Development CompanyValparaiso, IN · CDC | 6 | $6.9M | 3.3% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 5 | $10.8M | 2.7% | |
| 9 | Horizon BankMichigan City, IN | 4 | $2.7M | 2.2% | |
| 10 | Northeast BankLewiston, ME | 4 | $411K | 2.2% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 3 | $375K | 1.6% | |
| 12 | Millennium BankDes Plaines, IL | 2 | — | 1.1% | |
| 13 | Premier Capital CorporationIndianapolis, IN · CDC | 2 | — | 1.1% | |
| 14 | Business Development Corporation (BDC)South Bend, IN · CDC | 2 | — | 1.1% | |
| 15 | Regions BankBirmingham, AL | 2 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 23 | 12.6% | |
| 2 | General Freight TruckingNAICS 4841 | 12 | 6.6% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 10 | 5.5% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 3.8% | |
| 5 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 7 | 3.8% | |
| 6 | Residential Building ConstructionNAICS 2361 | 7 | 3.8% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 3.3% | |
| 8 | Personal Care ServicesNAICS 8121 | 6 | 3.3% | |
| 9 | Automobile DealersNAICS 4411 | 5 | 2.7% | |
| 10 | Specialized Design ServicesNAICS 5414 | 5 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 29 | 15.8% | |
| 2 | Construction | 27 | 14.8% | |
| 3 | Retail Trade | 18 | 9.8% | |
| 4 | Professional, Scientific, and Technical Services | 15 | 8.2% | |
| 5 | Other Services (except Public Administration) | 14 | 7.7% | |
| 6 | Manufacturing | 13 | 7.1% | |
| 7 | Transportation and Warehousing | 12 | 6.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 12 | 6.6% |
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* | 14 | $7.6M | $100K | 5 | $4.6M | 19 | 198 |
| FY2025 | 28 | $9.0M | $118K | 6 | $5.4M | 34 | 180 |
| FY2024 | 23 | $17.5M | $68K | 3 | $6.7M | 26 | 265 |
| FY2023 | 40 | $13.1M | $150K | 3 | $3.8M | 43 | 325 |
| FY2022 | 39 | $14.5M | $120K | 7 | $4.5M | 46 | 564 |
| FY2021 | 27 | $10.5M | $120K | 7 | $7.2M | 34 | 313 |
| FY2020 | 24 | $7.5M | $100K | 4 | $2.2M | 28 | 558 |
| FY2019 | 29 | $7.9M | $122K | 4 | $1.2M | 33 | 232 |
| FY2018 | 26 | $7.7M | $125K | 3 | $2.5M | 29 | 250 |
| FY2017 | 38 | $16.0M | $150K | 5 | $4.1M | 43 | 429 |
| FY2016 | 31 | $14.5M | $131K | 3 | $3.9M | 34 | 446 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 167 approvals.
Against Indiana and the country
| FY2021–FY2025 | Tippecanoe County | Indiana | United States |
|---|---|---|---|
| Approvals | 183 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 47.4 | 43.6 | 41.0 |
| Median 7(a) approval | $120K | $150K | $190K |
| Median 504 approval | $824K | $522K | $657K |
| Average approval | $504K | $500K | $573K |
| 504 share of approvals | 14.2% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 9.0 | 10.3 | 10.5 |
| Share of state approvals | 2.7% | 100.0% | — |
Approval sizes
- $50,000 or less28.4%52
- $50,001 to $150,00020.8%38
- $150,001 to $350,00019.7%36
- $350,001 to $1 million15.3%28
- $1 million to $2 million7.7%14
- Over $2 million8.2%15
Age of the businesses
- Existing, more than 2 years old60.1%110
- New business, 2 years or less9.3%17
- Startup, loan funds will open the business19.1%35
- Change of ownership11.5%21
Questions and answers
Which lenders make the most SBA loans in Tippecanoe County?
By approvals in FY2021 to FY2025: Centier Bank (51), The Huntington National Bank (34), Indiana Statewide Certified Development Corporation (15), 1st Source Bank (14), Old National Bank (8). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Tippecanoe County?
The median 7(a) approval was $120K and the median 504 approval $824K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Tippecanoe County?
Restaurants and Other Eating Places (23); General Freight Trucking (12); Building Equipment Contractors (10); Automotive Repair and Maintenance (7); Agencies, Brokerages, and Other Insurance Related Activities (7).
Is SBA lending in Tippecanoe County rising?
Approvals in the three latest complete fiscal years total 103, against 108 in the three before: broadly level (-5%).
How does Tippecanoe County compare with the rest of Indiana?
47.4 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