Lenders › Citizens State Bank of New Castle
7(a) lenderNew Castle, IndianaFDIC-insured bank270th of 2,184 by approvals
Citizens State Bank of New Castle
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Citizens State Bank of New Castle, based in New Castle, Indiana, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 127 of its 7(a) loans worth $39.4M in FY2021 to FY2025, which places it 270th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 23 approvals totalling $11.8M, down 36% on FY2024 (36). FY2026 to 30 Jun 2026 adds 19 more.
The median approval was $150K, against $190K for the 7(a) program as a whole; 56.7% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 4 states and territories and 17 counties, led by Indiana (96.1%), Tennessee (1.6%) and Iowa (1.6%). The largest industry group was professional, scientific, and technical services at 16.5% of approvals, and 18.1% of approvals were to franchise businesses.
Of 64 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (1.6%), 34 as paid in full and 29 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 19 | $5.8M | $144K | $306K | 264 |
| FY2025 | 23 | $11.8M | $248K | $514K | 489 |
| FY2024 | 36 | $7.4M | $150K | $206K | 463 |
| FY2023 | 19 | $3.3M | $125K | $174K | 212 |
| FY2022 | 30 | $5.9M | $100K | $196K | 351 |
| FY2021 | 19 | $10.9M | $180K | $575K | 501 |
| FY2020 | 9 | $2.8M | $300K | $307K | 85 |
| FY2019 | 13 | $4.9M | $250K | $375K | 155 |
| FY2018 | 8 | $1.8M | $156K | $219K | 105 |
| FY2017 | 4 | $320K | $48K | $80K | 66 |
| FY2016 | 9 | $2.1M | $209K | $235K | 133 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 43 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Indiana | 7(a) program |
|---|---|---|---|
| Approvals in these years | 68 | 14,121 | 639,905 |
| Cancelled or never disbursed | 4 | 1,611 | 79,313 |
| Disbursed loans | 64 | 12,510 | 560,592 |
| Paid in full | 34 | 10,056 | 435,813 |
| Charged off | 1 | 714 | 36,891 |
| Still outstanding (status exempt from disclosure) | 29 | 1,740 | 87,888 |
| Charged off, share of disbursed loans | 1.6% | 5.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.2% | 2.8% | 2.5% |
| Dollars charged off | $48K | $129M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 19 | 3 | 0 | — | 2.8% |
| FY2020 | 9 | 6 | 0 | — | 4.0% |
| FY2019 | 12 | 5 | 0 | — | 6.7% |
| FY2018 | 8 | 7 | 0 | — | 7.9% |
| FY2017 | 4 | 2 | 0 | — | 7.7% |
| FY2016 | 9 | 9 | 0 | — | 7.2% |
| FY2015 | 1 | 1 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 2 | 1 | 1 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $150K | $190K |
| Average approval | $310K | $518K |
| Approvals of $150,000 or less | 56.7% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 43.3% | 34.3% |
| Approvals to franchise businesses | 18.1% | 11.5% |
| Jobs supported per approval, as reported | 15.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.6% | 6.6% |
States served
| # | State of the business (4 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Indiana | 122 | $32.3M | 96.1% | |
| 2 | Tennessee | 2 | — | 1.6% | |
| 3 | Iowa | 2 | — | 1.6% | |
| 4 | Illinois | 1 | — | 0.8% |
In Indiana the lender accounts for 2.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (17 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hamilton County, IN | 48 | $18.6M | 37.8% | |
| 2 | Marion County, IN | 33 | $6.9M | 26.0% | |
| 3 | Henry County, IN | 10 | $2.4M | 7.9% | |
| 4 | Madison County, IN | 8 | $725K | 6.3% | |
| 5 | Randolph County, IN | 6 | $642K | 4.7% | |
| 6 | Hancock County, IN | 4 | $1.0M | 3.1% | |
| 7 | Rush County, IN | 4 | $617K | 3.1% | |
| 8 | Blackford County, IN | 3 | $476K | 2.4% | |
| 9 | Dallas County, IA | 2 | — | 1.6% | |
| 10 | Delaware County, IN | 2 | — | 1.6% | |
| 11 | Sumner County, TN | 1 | — | 0.8% | |
| 12 | Sevier County, TN | 1 | — | 0.8% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 21 | 16.5% | |
| 2 | Health Care and Social Assistance | 19 | 15.0% | |
| 3 | Construction | 16 | 12.6% | |
| 4 | Other Services (except Public Administration) | 14 | 11.0% | |
| 5 | Accommodation and Food Services | 13 | 10.2% | |
| 6 | Retail Trade | 9 | 7.1% | |
| 7 | Manufacturing | 8 | 6.3% | |
| 8 | Transportation and Warehousing | 7 | 5.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 7.9% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 8 | 6.3% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 4.7% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 6 | 4.7% | |
| 5 | Residential Building ConstructionNAICS 2361 | 6 | 4.7% | |
| 6 | Advertising, Public Relations, and Related ServicesNAICS 5418 | 5 | 3.9% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 3.9% | |
| 8 | General Freight TruckingNAICS 4841 | 5 | 3.9% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 4 | 3.1% | |
| 10 | Offices of PhysiciansNAICS 6211 | 4 | 3.1% |
Approval sizes
- $50,000 or less21.3%27
- $50,001 to $150,00035.4%45
- $150,001 to $350,00029.1%37
- $350,001 to $1 million7.9%10
- $1 million to $2 million3.9%5
- Over $2 million2.4%3
Loan terms
- 5 years or less0.8%1
- Over 5 to 10 years76.4%97
- Over 10 to 20 years11.8%15
- Over 20 years11.0%14
Age of the businesses
- Existing, more than 2 years old43.3%55
- New business, 2 years or less17.3%22
- Startup, loan funds will open the business26.0%33
- Change of ownership13.4%17
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 83 | 65.4% | |
| 2 | 7a General | 43 | 33.9% | |
| 3 | Working Capital CAPLine | 1 | 0.8% |
Franchise share
23 of 127 approvals in FY2021–FY2025 (18.1%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Prime Car Wash | 3 | 2.4% | |
| 2 | QC Kinetix | 3 | 2.4% | |
| 3 | The Goddard School | 2 | 1.6% | |
| 4 | Budget Blinds | 2 | 1.6% | |
| 5 | TownePost Network | 2 | 1.6% | |
| 6 | Fit Body Boot Camp | 2 | 1.6% | |
| 7 | Color World Housepainting | 2 | 1.6% | |
| 8 | Napa AutoCare Program Membership Agreement | 1 | 0.8% |
Questions and answers
How many SBA loans does Citizens State Bank of New Castle make?
SBA approved 23 7(a) loans through Citizens State Bank of New Castle in FY2025, worth $11.8M, and 127 over FY2021 to FY2025. That ranks 270th of 2,184 active 7(a) lenders by number of approvals.
How large are Citizens State Bank of New Castle's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $150K and the average $310K. The program-wide median was $190K.
What is Citizens State Bank of New Castle's charge-off rate?
Of 64 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (1.6%), 34 as paid in full and 29 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Citizens State Bank of New Castle lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (10); offices of other health practitioners (8); automotive repair and maintenance (6); management, scientific, and technical consulting services (6).
Where does Citizens State Bank of New Castle make SBA loans?
In 4 states and territories. Indiana 122, Tennessee 2, Iowa 2, Illinois 1. In Indiana it accounts for 2.0% of all 7(a) approvals.
Is Citizens State Bank of New Castle's SBA lending rising?
Approvals in the three latest complete fiscal years total 78, against 58 in the three before: rising (+34%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error