Lenders › Everwise Credit Union
7(a) lenderSouth Bend, Indianacredit union332nd of 2,184 by approvals
Everwise Credit Union
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.
Everwise Credit Union (South Bend, Indiana) is a credit union in the SBA 7(a) program, 332nd of 2,184 by approvals in FY2021 to FY2025: 91 loans worth $179M.
In FY2025, the latest complete fiscal year, it had 17 approvals totalling $45.6M, down 11% on FY2024 (19). FY2026 to 30 Jun 2026 adds 12 more.
The median approval was $1.4M, against $190K for the 7(a) program as a whole; 23.1% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 22 states and territories and 47 counties, led by Indiana (42.9%), Michigan (16.5%) and Illinois (9.9%). The largest industry group was accommodation and food services at 40.7% of approvals, and 34.1% of approvals were to franchise businesses.
Of 39 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (2.6%), 22 as paid in full and 16 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* | 12 | $24.3M | $999K | $2.0M | 308 |
| FY2025 | 17 | $45.6M | $3.8M | $2.7M | 406 |
| FY2024 | 19 | $44.4M | $1.8M | $2.3M | 576 |
| FY2023 | 23 | $28.1M | $300K | $1.2M | 365 |
| FY2022 | 18 | $33.4M | $1.4M | $1.9M | 242 |
| FY2021 | 14 | $27.4M | $1.6M | $2.0M | 346 |
| FY2020 | 4 | $6.9M | $2.1M | $1.7M | 15 |
| FY2019 | 3 | $3.5M | $1.0M | $1.2M | 90 |
| FY2018 | 5 | $16.7M | $3.0M | $3.3M | 34 |
| FY2017 | 14 | $29.9M | $2.1M | $2.1M | 231 |
| FY2016 | 2 | — | — | — | 0 |
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 28 approvals. First approval on file: FY2013.
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 | 44 | 14,121 | 639,905 |
| Cancelled or never disbursed | 5 | 1,611 | 79,313 |
| Disbursed loans | 39 | 12,510 | 560,592 |
| Paid in full | 22 | 10,056 | 435,813 |
| Charged off | 1 | 714 | 36,891 |
| Still outstanding (status exempt from disclosure) | 16 | 1,740 | 87,888 |
| Charged off, share of disbursed loans | 2.6% | 5.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 5.4% | 2.8% | 2.5% |
| Dollars charged off | $4.6M | $129M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 13 | 4 | 1 | — | 2.8% |
| FY2020 | 4 | 0 | 0 | — | 4.0% |
| FY2019 | 1 | 0 | 0 | — | 6.7% |
| FY2018 | 5 | 4 | 0 | — | 7.9% |
| FY2017 | 13 | 11 | 0 | — | 7.7% |
| FY2016 | 2 | 2 | 0 | — | 7.2% |
| FY2015 | 0 | 0 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 1 | 1 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 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 | $1.4M | $190K |
| Average approval | $2.0M | $518K |
| Approvals of $150,000 or less | 23.1% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 45.1% | 34.3% |
| Approvals to franchise businesses | 34.1% | 11.5% |
| Jobs supported per approval, as reported | 21.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.6% | 6.6% |
States served
| # | State of the business (22 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Indiana | 39 | $33.8M | 42.9% | |
| 2 | Michigan | 15 | $19.2M | 16.5% | |
| 3 | Illinois | 9 | $20.1M | 9.9% | |
| 4 | Texas | 3 | $15.0M | 3.3% | |
| 5 | Florida | 3 | $15.0M | 3.3% | |
| 6 | Virginia | 2 | — | 2.2% | |
| 7 | Wisconsin | 2 | — | 2.2% | |
| 8 | Iowa | 2 | — | 2.2% | |
| 9 | Massachusetts | 2 | — | 2.2% | |
| 10 | Delaware | 2 | — | 2.2% | |
| 11 | Tennessee | 1 | — | 1.1% | |
| 12 | Kentucky | 1 | — | 1.1% |
In Indiana the lender accounts for 0.6% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (47 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Marion County, IN | 9 | $7.1M | 9.9% | |
| 2 | St. Joseph County, IN | 9 | $2.5M | 9.9% | |
| 3 | Elkhart County, IN | 5 | $7.2M | 5.5% | |
| 4 | Berrien County, MI | 5 | $2.5M | 5.5% | |
| 5 | Kent County, MI | 4 | $5.8M | 4.4% | |
| 6 | Madison County, IL | 3 | $8.3M | 3.3% | |
| 7 | Hendricks County, IN | 3 | $5.8M | 3.3% | |
| 8 | Cook County, IL | 3 | $3.0M | 3.3% | |
| 9 | Hamilton County, IN | 3 | $1.3M | 3.3% | |
| 10 | Fairfax County, VA | 2 | — | 2.2% | |
| 11 | Lake County, IN | 2 | — | 2.2% | |
| 12 | Plymouth County, MA | 2 | — | 2.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 37 | 40.7% | |
| 2 | Arts, Entertainment, and Recreation | 10 | 11.0% | |
| 3 | Manufacturing | 7 | 7.7% | |
| 4 | Construction | 7 | 7.7% | |
| 5 | Retail Trade | 6 | 6.6% | |
| 6 | Real Estate and Rental and Leasing | 5 | 5.5% | |
| 7 | Health Care and Social Assistance | 5 | 5.5% | |
| 8 | Transportation and Warehousing | 4 | 4.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 21 | 23.1% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 17.6% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 9 | 9.9% | |
| 4 | Lessors of Real EstateNAICS 5311 | 4 | 4.4% | |
| 5 | Home Health Care ServicesNAICS 6216 | 4 | 4.4% | |
| 6 | Plastics Product ManufacturingNAICS 3261 | 3 | 3.3% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 2.2% | |
| 8 | Motor Vehicle and Motor Vehicle Parts and Supplies Merchant WholesalersNAICS 4231 | 2 | 2.2% | |
| 9 | Automobile DealersNAICS 4411 | 2 | 2.2% | |
| 10 | General Freight TruckingNAICS 4841 | 2 | 2.2% |
Approval sizes
- $50,000 or less11.0%10
- $50,001 to $150,00012.1%11
- $150,001 to $350,0008.8%8
- $350,001 to $1 million14.3%13
- $1 million to $2 million15.4%14
- Over $2 million38.5%35
Loan terms
- 5 years or less9.9%9
- Over 5 to 10 years41.8%38
- Over 10 to 20 years13.2%12
- Over 20 years35.2%32
Age of the businesses
- Existing, more than 2 years old29.7%27
- New business, 2 years or less13.2%12
- Startup, loan funds will open the business31.9%29
- Change of ownership25.3%23
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 50 | 54.9% | |
| 2 | 7a General | 26 | 28.6% | |
| 3 | SBA Express Program | 11 | 12.1% | |
| 4 | Working Capital CAPLine | 3 | 3.3% | |
| 5 | International Trade Loans | 1 | 1.1% |
Franchise share
31 of 91 approvals in FY2021–FY2025 (34.1%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Urban Air Adventure Park | 4 | 4.4% | |
| 2 | Fairfield by Marriott | 2 | 2.2% | |
| 3 | Candlewood Suites | 2 | 2.2% | |
| 4 | Hampton Inn by Hilton | 2 | 2.2% | |
| 5 | Best Western | 2 | 2.2% | |
| 6 | Days Inn | 2 | 2.2% | |
| 7 | Culver's ButterBurgers & Frozen Custard | 2 | 2.2% | |
| 8 | Hampton Inn & Suites by Hilton | 1 | 1.1% |
Questions and answers
How many SBA loans does Everwise Credit Union make?
SBA approved 17 7(a) loans through Everwise Credit Union in FY2025, worth $45.6M, and 91 over FY2021 to FY2025. That ranks 332nd of 2,184 active 7(a) lenders by number of approvals.
How large are Everwise Credit Union's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $1.4M and the average $2.0M. The program-wide median was $190K.
What is Everwise Credit Union's charge-off rate?
Of 39 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (2.6%), 22 as paid in full and 16 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 Everwise Credit Union lend to most?
By number of approvals in FY2021 to FY2025: traveler accommodation (21); restaurants and other eating places (16); other amusement and recreation industries (9); lessors of real estate (4).
Where does Everwise Credit Union make SBA loans?
In 22 states and territories. Indiana 39, Michigan 15, Illinois 9, Texas 3, Florida 3. In Indiana it accounts for 0.6% of all 7(a) approvals.
Is Everwise Credit Union's SBA lending rising?
Approvals in the three latest complete fiscal years total 59, against 36 in the three before: rising (+64%).
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