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County40th of 67 in Pennsylvania by approvalsFIPS 42063
SBA loans in Indiana County, Pennsylvania
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 38 loans to businesses in Indiana County, Pennsylvania, in FY2021 to FY2025, worth $24.6M: 37 under 7(a) and 1 under 504.
That is 21.4 approvals per 1,000 business establishments (1,774 establishments in 2023), below the Pennsylvania figure of 36.7 and below the national 41.0.
It ranks 40th of 67 Pennsylvania counties with approvals. In FY2025 there were 7.
17 lenders had approvals here; the most active were First Commonwealth Bank (6), InFirst Bank (6) and The Huntington National Bank (4). 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 Indiana County
By number of approvals to businesses in the county, FY2021–FY2025; 17 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | First Commonwealth BankIndiana, PA | 6 | $2.3M | 15.8% | |
| 2 | InFirst BankIndiana, PA | 6 | $654K | 15.8% | |
| 3 | The Huntington National BankColumbus, OH | 4 | $1.6M | 10.5% | |
| 4 | Northeast BankLewiston, ME | 4 | $1.3M | 10.5% | |
| 5 | PNC Bank, National AssociationWilmington, DE | 3 | $1.6M | 7.9% | |
| 6 | Enterprise BankAllison Park, PA | 2 | — | 5.3% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.3% | |
| 8 | First Financial BankEl Dorado, AR | 2 | — | 5.3% | |
| 9 | FinWise BankSandy, UT | 1 | — | 2.6% | |
| 10 | Byline BankChicago, IL | 1 | — | 2.6% | |
| 11 | Happen BankLehi, UT | 1 | — | 2.6% | |
| 12 | Altoona-Blair County Development CorporationAltoona, PA · CDC | 1 | — | 2.6% | |
| 13 | Beacon Bank and TrustBrookline, MA | 1 | — | 2.6% | |
| 14 | Craft BankAtlanta, GA | 1 | — | 2.6% | |
| 15 | CNB BankClearfield, PA | 1 | — | 2.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 7.9% | |
| 2 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 3 | 7.9% | |
| 3 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 7.9% | |
| 4 | Technical and Trade SchoolsNAICS 6115 | 2 | 5.3% | |
| 5 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 2 | 5.3% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 2 | 5.3% | |
| 7 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 5.3% | |
| 8 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 5.3% | |
| 9 | Professional and Commercial Equipment and Supplies Merchant WholesalersNAICS 4234 | 2 | 5.3% | |
| 10 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 2 | 5.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 8 | 21.1% | |
| 2 | Retail Trade | 6 | 15.8% | |
| 3 | Wholesale Trade | 6 | 15.8% | |
| 4 | Health Care and Social Assistance | 4 | 10.5% | |
| 5 | Accommodation and Food Services | 4 | 10.5% | |
| 6 | Professional, Scientific, and Technical Services | 3 | 7.9% | |
| 7 | Educational Services | 2 | 5.3% | |
| 8 | Manufacturing | 2 | 5.3% |
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* | 3 | $2.1M | $200K | 0 | — | 3 | 42 |
| FY2025 | 7 | $1.9M | $263K | 0 | — | 7 | 69 |
| FY2024 | 7 | $4.8M | $800K | 0 | — | 7 | 63 |
| FY2023 | 11 | $8.9M | $200K | 0 | — | 11 | 165 |
| FY2022 | 7 | $1.8M | $162K | 1 | — | 8 | 47 |
| FY2021 | 5 | $6.8M | $780K | 0 | — | 5 | 76 |
| FY2020 | 4 | $540K | $133K | 0 | — | 4 | 37 |
| FY2019 | 1 | — | — | 0 | — | 1 | 9 |
| FY2018 | 2 | — | — | 0 | — | 2 | 7 |
| FY2017 | 2 | — | — | 0 | — | 2 | 17 |
| FY2016 | 1 | — | — | 1 | — | 2 | 35 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 11 approvals.
Against Pennsylvania and the country
| FY2021–FY2025 | Indiana County | Pennsylvania | United States |
|---|---|---|---|
| Approvals | 38 | 11,283 | 342,825 |
| Approvals per 1,000 establishments | 21.4 | 36.7 | 41.0 |
| Median 7(a) approval | $236K | $150K | $190K |
| Median 504 approval | — | $607K | $657K |
| Average approval | $648K | $482K | $573K |
| 504 share of approvals | 2.6% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 11.1 | 10.3 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less13.2%5
- $50,001 to $150,00021.1%8
- $150,001 to $350,00023.7%9
- $350,001 to $1 million23.7%9
- $1 million to $2 million10.5%4
- Over $2 million7.9%3
Age of the businesses
- Existing, more than 2 years old50.0%19
- New business, 2 years or less13.2%5
- Startup, loan funds will open the business15.8%6
- Change of ownership21.1%8
Questions and answers
Which lenders make the most SBA loans in Indiana County?
By approvals in FY2021 to FY2025: First Commonwealth Bank (6), InFirst Bank (6), The Huntington National Bank (4), Northeast Bank (4), PNC Bank, National Association (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Indiana County?
The median 7(a) approval was $236K; the Pennsylvania 7(a) median was $150K.
Which industries get the most SBA loans in Indiana County?
Other Specialty Trade Contractors (3); Miscellaneous Durable Goods Merchant Wholesalers (3); Foundation, Structure, and Building Exterior Contractors (3); Technical and Trade Schools (2); Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (2).
Is SBA lending in Indiana County rising?
Approvals in the three latest complete fiscal years total 25, against 17 in the three before: rising (+47%).
How does Indiana County compare with the rest of Pennsylvania?
21.4 approvals per 1,000 establishments against 36.7 statewide, and 38 of the state's 11,283 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