States › Indiana › Vigo County
County29th of 92 in Indiana by approvalsFIPS 18167
SBA loans in Vigo 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.
Businesses in Vigo County, Indiana, received 43 SBA loan approvals worth $36.6M in FY2021 to FY2025 (40 7(a), 3 504).
That is 17.4 approvals per 1,000 business establishments (2,473 establishments in 2023), below the Indiana figure of 43.6 and below the national 41.0.
It ranks 29th of 92 Indiana counties with approvals. In FY2025 there were 15.
23 lenders had approvals here; the most active were Old National Bank (7), The Riddell National Bank (6) and First Financial Bank, National Association (3). 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 Vigo County
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Old National BankEvansville, IN | 7 | $7.6M | 16.3% | |
| 2 | The Riddell National BankBrazil, IN | 6 | $4.0M | 14.0% | |
| 3 | First Financial Bank, National AssociationTerre Haute, IN | 3 | $650K | 7.0% | |
| 4 | Northeast BankLewiston, ME | 3 | $525K | 7.0% | |
| 5 | Indiana Statewide Certified Development CorporationIndianapolis, IN · CDC | 2 | — | 4.7% | |
| 6 | Centerstone SBA Lending, Inc.Los Angeles, CA | 2 | — | 4.7% | |
| 7 | The Huntington National BankColumbus, OH | 2 | — | 4.7% | |
| 8 | First Farmers Bank and Trust CoConverse, IN | 2 | — | 4.7% | |
| 9 | Fifth Third BankCincinnati, OH | 2 | — | 4.7% | |
| 10 | GBankLas Vegas, NV | 1 | — | 2.3% | |
| 11 | Shoreham BankWarwick, RI | 1 | — | 2.3% | |
| 12 | Premier Capital CorporationIndianapolis, IN · CDC | 1 | — | 2.3% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.3% | |
| 14 | Community First Bank of IndianaKokomo, IN | 1 | — | 2.3% | |
| 15 | United Community BankGreenville, SC | 1 | — | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 27.9% | |
| 2 | Traveler AccommodationNAICS 7211 | 2 | 4.7% | |
| 3 | Gasoline StationsNAICS 4571 | 2 | 4.7% | |
| 4 | Beer, Wine, and Liquor StoresNAICS 4453 | 2 | 4.7% | |
| 5 | Promoters of Performing Arts, Sports, and Similar EventsNAICS 7113 | 2 | 4.7% | |
| 6 | Business Support ServicesNAICS 5614 | 2 | 4.7% | |
| 7 | Other Personal ServicesNAICS 8129 | 2 | 4.7% | |
| 8 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 1 | 2.3% | |
| 9 | Automobile DealersNAICS 4411 | 1 | 2.3% | |
| 10 | Specialty (except Psychiatric and Substance Abuse) HospitalsNAICS 6223 | 1 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 15 | 34.9% | |
| 2 | Retail Trade | 10 | 23.3% | |
| 3 | Health Care and Social Assistance | 4 | 9.3% | |
| 4 | Arts, Entertainment, and Recreation | 3 | 7.0% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 3 | 7.0% | |
| 6 | Manufacturing | 2 | 4.7% | |
| 7 | Professional, Scientific, and Technical Services | 2 | 4.7% | |
| 8 | Other Services (except Public Administration) | 2 | 4.7% |
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* | 9 | $4.1M | $190K | 0 | — | 9 | 114 |
| FY2025 | 15 | $8.9M | $250K | 0 | — | 15 | 297 |
| FY2024 | 7 | $7.0M | $740K | 1 | — | 8 | 109 |
| FY2023 | 2 | — | — | 1 | — | 3 | 89 |
| FY2022 | 9 | $3.9M | $150K | 0 | — | 9 | 120 |
| FY2021 | 7 | $7.7M | $1.1M | 1 | — | 8 | 89 |
| FY2020 | 8 | $3.2M | $297K | 0 | — | 8 | 98 |
| FY2019 | 8 | $9.9M | $686K | 0 | — | 8 | 183 |
| FY2018 | 9 | $5.3M | $522K | 0 | — | 9 | 127 |
| FY2017 | 5 | $3.0M | $830K | 1 | — | 6 | 36 |
| FY2016 | 10 | $5.3M | $512K | 2 | — | 12 | 325 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 43 approvals.
Against Indiana and the country
| FY2021–FY2025 | Vigo County | Indiana | United States |
|---|---|---|---|
| Approvals | 43 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 17.4 | 43.6 | 41.0 |
| Median 7(a) approval | $355K | $150K | $190K |
| Median 504 approval | $1.6M | $522K | $657K |
| Average approval | $852K | $500K | $573K |
| 504 share of approvals | 7.0% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 16.4 | 10.3 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less9.3%4
- $50,001 to $150,00027.9%12
- $150,001 to $350,0009.3%4
- $350,001 to $1 million20.9%9
- $1 million to $2 million23.3%10
- Over $2 million9.3%4
Age of the businesses
- Existing, more than 2 years old55.8%24
- New business, 2 years or less4.7%2
- Startup, loan funds will open the business18.6%8
- Change of ownership20.9%9
Questions and answers
Which lenders make the most SBA loans in Vigo County?
By approvals in FY2021 to FY2025: Old National Bank (7), The Riddell National Bank (6), First Financial Bank, National Association (3), Northeast Bank (3), Indiana Statewide Certified Development Corporation (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Vigo County?
The median 7(a) approval was $355K and the median 504 approval $1.6M; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Vigo County?
Restaurants and Other Eating Places (12); Traveler Accommodation (2); Gasoline Stations (2); Beer, Wine, and Liquor Stores (2); Promoters of Performing Arts, Sports, and Similar Events (2).
Is SBA lending in Vigo County rising?
Approvals in the three latest complete fiscal years total 26, against 25 in the three before: broadly level (+4%).
How does Vigo County compare with the rest of Indiana?
17.4 approvals per 1,000 establishments against 43.6 statewide, and 43 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