Lenders › Community First Bank of Indiana
7(a) lenderKokomo, IndianaFDIC-insured bank419th of 2,184 by approvals
Community First Bank of Indiana
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.
Community First Bank of Indiana, based in Kokomo, Indiana, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 68 of its 7(a) loans worth $40.9M in FY2021 to FY2025, which places it 419th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 12 approvals totalling $8.3M, down 29% on FY2024 (17). FY2026 to 30 Jun 2026 adds 5 more.
The median approval was $363K, against $190K for the 7(a) program as a whole; 17.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 2 states and territories and 15 counties, led by Indiana (98.5%) and Illinois (1.5%). The largest industry group was retail trade at 17.6% of approvals, and 10.3% of approvals were to franchise businesses.
Of 97 disbursed loans approved in FY2010 to FY2021, SBA records 15 as charged off (15.5%), 73 as paid in full and 9 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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* | 5 | $8.4M | $1.8M | $1.7M | 69 |
| FY2025 | 12 | $8.3M | $333K | $695K | 82 |
| FY2024 | 17 | $7.9M | $350K | $465K | 186 |
| FY2023 | 26 | $12.6M | $236K | $486K | 312 |
| FY2022 | 5 | $5.7M | $918K | $1.1M | 133 |
| FY2021 | 8 | $6.3M | $417K | $787K | 71 |
| FY2020 | 2 | — | — | — | 11 |
| FY2019 | 2 | — | — | — | 50 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 5 | $2.1M | $317K | $424K | 49 |
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 9 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 | 108 | 14,121 | 639,905 |
| Cancelled or never disbursed | 11 | 1,611 | 79,313 |
| Disbursed loans | 97 | 12,510 | 560,592 |
| Paid in full | 73 | 10,056 | 435,813 |
| Charged off | 15 | 714 | 36,891 |
| Still outstanding (status exempt from disclosure) | 9 | 1,740 | 87,888 |
| Charged off, share of disbursed loans | 15.5% | 5.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 14.5% | 2.8% | 2.5% |
| Dollars charged off | $5.8M | $129M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 7 | 4 | 0 | — | 2.8% |
| FY2020 | 2 | 0 | 0 | — | 4.0% |
| FY2019 | 2 | 0 | 0 | — | 6.7% |
| FY2018 | 0 | 0 | 0 | — | 7.9% |
| FY2017 | 0 | 0 | 0 | — | 7.7% |
| FY2016 | 5 | 5 | 0 | — | 7.2% |
| FY2015 | 5 | 3 | 2 | — | 6.9% |
| FY2014 | 8 | 5 | 3 | — | 6.4% |
| FY2013 | 12 | 10 | 2 | — | 6.0% |
| FY2012 | 23 | 19 | 2 | — | 6.3% |
| FY2011 | 17 | 14 | 3 | — | 6.9% |
| FY2010 | 16 | 13 | 3 | — | 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 | $363K | $190K |
| Average approval | $602K | $518K |
| Approvals of $150,000 or less | 17.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 52.9% | 34.3% |
| Approvals to franchise businesses | 10.3% | 11.5% |
| Jobs supported per approval, as reported | 11.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 15.5% | 6.6% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Indiana | 67 | $40.6M | 98.5% | |
| 2 | Illinois | 1 | — | 1.5% |
In Indiana the lender accounts for 1.1% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (15 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hamilton County, IN | 23 | $11.0M | 33.8% | |
| 2 | Howard County, IN | 17 | $12.6M | 25.0% | |
| 3 | Marion County, IN | 9 | $2.4M | 13.2% | |
| 4 | Hendricks County, IN | 5 | $6.0M | 7.4% | |
| 5 | Franklin County, IN | 3 | $1.8M | 4.4% | |
| 6 | Hancock County, IN | 2 | — | 2.9% | |
| 7 | Wabash County, IN | 1 | — | 1.5% | |
| 8 | Tippecanoe County, IN | 1 | — | 1.5% | |
| 9 | Vigo County, IN | 1 | — | 1.5% | |
| 10 | Cass County, IN | 1 | — | 1.5% | |
| 11 | Henry County, IN | 1 | — | 1.5% | |
| 12 | Cook County, IL | 1 | — | 1.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 12 | 17.6% | |
| 2 | Accommodation and Food Services | 12 | 17.6% | |
| 3 | Other Services (except Public Administration) | 7 | 10.3% | |
| 4 | Transportation and Warehousing | 5 | 7.4% | |
| 5 | Professional, Scientific, and Technical Services | 5 | 7.4% | |
| 6 | Health Care and Social Assistance | 5 | 7.4% | |
| 7 | Manufacturing | 4 | 5.9% | |
| 8 | Arts, Entertainment, and Recreation | 4 | 5.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 16.2% | |
| 2 | General Freight TruckingNAICS 4841 | 5 | 7.4% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 5.9% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 4 | 5.9% | |
| 5 | Gasoline StationsNAICS 4571 | 3 | 4.4% | |
| 6 | Other Personal ServicesNAICS 8129 | 3 | 4.4% | |
| 7 | Apparel Accessories and Other Apparel ManufacturingNAICS 3159 | 3 | 4.4% | |
| 8 | Motion Picture and Video IndustriesNAICS 5121 | 3 | 4.4% | |
| 9 | Other Motor Vehicle DealersNAICS 4412 | 2 | 2.9% | |
| 10 | Grocery StoresNAICS 4451 | 2 | 2.9% |
Approval sizes
- $50,000 or less1.5%1
- $50,001 to $150,00016.2%11
- $150,001 to $350,00032.4%22
- $350,001 to $1 million33.8%23
- $1 million to $2 million13.2%9
- Over $2 million2.9%2
Loan terms
- 5 years or less4.4%3
- Over 5 to 10 years48.5%33
- Over 10 to 20 years29.4%20
- Over 20 years17.6%12
Age of the businesses
- Existing, more than 2 years old32.4%22
- New business, 2 years or less30.9%21
- Startup, loan funds will open the business22.1%15
- Change of ownership14.7%10
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 57 | 83.8% | |
| 2 | SBA Express Program | 6 | 8.8% | |
| 3 | 7a General | 4 | 5.9% | |
| 4 | International Trade Loans | 1 | 1.5% |
Franchise share
7 of 68 approvals in FY2021–FY2025 (10.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | U.S. Oil | 1 | 1.5% | |
| 2 | Cary Oil Company Inc | 1 | 1.5% | |
| 3 | McAlister's Deli | 1 | 1.5% | |
| 4 | Jersey Mike’s Subs | 1 | 1.5% | |
| 5 | Hotworx | 1 | 1.5% | |
| 6 | Crazy King Burrito | 1 | 1.5% | |
| 7 | Woof Gang Bakery and Grooming | 1 | 1.5% |
Questions and answers
How many SBA loans does Community First Bank of Indiana make?
SBA approved 12 7(a) loans through Community First Bank of Indiana in FY2025, worth $8.3M, and 68 over FY2021 to FY2025. That ranks 419th of 2,184 active 7(a) lenders by number of approvals.
How large are Community First Bank of Indiana's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $363K and the average $602K. The program-wide median was $190K.
What is Community First Bank of Indiana's charge-off rate?
Of 97 disbursed loans approved in FY2010 to FY2021, SBA records 15 as charged off (15.5%), 73 as paid in full and 9 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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 Community First Bank of Indiana lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (11); general freight trucking (5); other amusement and recreation industries (4); offices of other health practitioners (4).
Where does Community First Bank of Indiana make SBA loans?
In 2 states and territories. Indiana 67, Illinois 1. In Indiana it accounts for 1.1% of all 7(a) approvals.
Is Community First Bank of Indiana's SBA lending rising?
Approvals in the three latest complete fiscal years total 55, against 15 in the three before: rising (+267%).
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