States › Indiana › Warrick County
County27th of 92 in Indiana by approvalsFIPS 18173
SBA loans in Warrick 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 Warrick County, Indiana, received 45 SBA loan approvals worth $22.1M in FY2021 to FY2025 (43 7(a), 2 504).
That is 35.4 approvals per 1,000 business establishments (1,270 establishments in 2023), below the Indiana figure of 43.6 and close to the national 41.0.
It ranks 27th of 92 Indiana counties with approvals. In FY2025 there were 10.
16 lenders had approvals here; the most active were Heritage Federal Credit Union (15), The First National Bank of Carmi (6) and German American Bank (4). The most common industry was automotive repair and maintenance.
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 Warrick County
By number of approvals to businesses in the county, FY2021–FY2025; 16 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Heritage Federal Credit UnionNewburgh, IN | 15 | $4.1M | 33.3% | |
| 2 | The First National Bank of CarmiCarmi, IL | 6 | $6.7M | 13.3% | |
| 3 | German American BankJasper, IN | 4 | $845K | 8.9% | |
| 4 | Banterra BankMarion, IL | 3 | $1.0M | 6.7% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 4.4% | |
| 6 | Premier Capital CorporationIndianapolis, IN · CDC | 2 | — | 4.4% | |
| 7 | Springs Valley Bank & Trust CompanyFrench Lick, IN | 2 | — | 4.4% | |
| 8 | Fifth Third BankCincinnati, OH | 2 | — | 4.4% | |
| 9 | First Federal Savings BankEvansville, IN | 2 | — | 4.4% | |
| 10 | The Huntington National BankColumbus, OH | 1 | — | 2.2% | |
| 11 | Stock Yards Bank & Trust CompanyLouisville, KY | 1 | — | 2.2% | |
| 12 | Simmons BankPine Bluff, AR | 1 | — | 2.2% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 1 | — | 2.2% | |
| 14 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 2.2% | |
| 15 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 11.1% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 4 | 8.9% | |
| 3 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 4 | 8.9% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 6.7% | |
| 5 | General Freight TruckingNAICS 4841 | 3 | 6.7% | |
| 6 | Electric Lighting Equipment ManufacturingNAICS 3351 | 2 | 4.4% | |
| 7 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 2 | 4.4% | |
| 8 | Bakeries and Tortilla ManufacturingNAICS 3118 | 2 | 4.4% | |
| 9 | Personal Care ServicesNAICS 8121 | 2 | 4.4% | |
| 10 | Commercial and Service Industry Machinery ManufacturingNAICS 3333 | 2 | 4.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 8 | 17.8% | |
| 2 | Manufacturing | 7 | 15.6% | |
| 3 | Accommodation and Food Services | 7 | 15.6% | |
| 4 | Health Care and Social Assistance | 6 | 13.3% | |
| 5 | Transportation and Warehousing | 5 | 11.1% | |
| 6 | Professional, Scientific, and Technical Services | 4 | 8.9% | |
| 7 | Finance and Insurance | 2 | 4.4% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 2 | 4.4% |
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* | 5 | $382K | $100K | 2 | — | 7 | 34 |
| FY2025 | 10 | $5.8M | $293K | 0 | — | 10 | 83 |
| FY2024 | 6 | $2.3M | $259K | 0 | — | 6 | 69 |
| FY2023 | 5 | $473K | $77K | 0 | — | 5 | 17 |
| FY2022 | 13 | $9.2M | $173K | 1 | — | 14 | 213 |
| FY2021 | 9 | $3.1M | $211K | 1 | — | 10 | 106 |
| FY2020 | 9 | $4.7M | $350K | 1 | — | 10 | 92 |
| FY2019 | 14 | $4.6M | $252K | 3 | $669K | 17 | 189 |
| FY2018 | 4 | $945K | $238K | 2 | — | 6 | 31 |
| FY2017 | 8 | $1.2M | $125K | 1 | — | 9 | 93 |
| FY2016 | 5 | $4.2M | $131K | 0 | — | 5 | 78 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 47 approvals.
Against Indiana and the country
| FY2021–FY2025 | Warrick County | Indiana | United States |
|---|---|---|---|
| Approvals | 45 | 6,784 | 342,825 |
| Approvals per 1,000 establishments | 35.4 | 43.6 | 41.0 |
| Median 7(a) approval | $200K | $150K | $190K |
| Median 504 approval | — | $522K | $657K |
| Average approval | $492K | $500K | $573K |
| 504 share of approvals | 4.4% | 10.8% | 11.0% |
| Jobs supported per approval, as reported | 10.8 | 10.3 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less15.6%7
- $50,001 to $150,00022.2%10
- $150,001 to $350,00031.1%14
- $350,001 to $1 million20.0%9
- $1 million to $2 million4.4%2
- Over $2 million6.7%3
Age of the businesses
- Existing, more than 2 years old42.2%19
- New business, 2 years or less28.9%13
- Startup, loan funds will open the business17.8%8
- Change of ownership11.1%5
Questions and answers
Which lenders make the most SBA loans in Warrick County?
By approvals in FY2021 to FY2025: Heritage Federal Credit Union (15), The First National Bank of Carmi (6), German American Bank (4), Banterra Bank (3), Readycap Lending, LLC (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Warrick County?
The median 7(a) approval was $200K; the Indiana 7(a) median was $150K.
Which industries get the most SBA loans in Warrick County?
Automotive Repair and Maintenance (5); Offices of Other Health Practitioners (4); Drinking Places (Alcoholic Beverages) (4); Restaurants and Other Eating Places (3); General Freight Trucking (3).
Is SBA lending in Warrick County rising?
Approvals in the three latest complete fiscal years total 21, against 34 in the three before: falling (-38%).
How does Warrick County compare with the rest of Indiana?
35.4 approvals per 1,000 establishments against 43.6 statewide, and 45 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