FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Indiana, FY2018
That fiscal year's approvals by lender and by county.
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.
In FY2018 (1 October 2017 to 30 September 2018) SBA approved 1,519 loans in Indiana: 1,359 under 7(a) and 160 under 504, worth $602M.
That is about level with FY2017, when there were 1,537 approvals worth $601M.
Indiana accounted for 2.3% of the 66,228 approvals nationwide that year. 126 lenders had at least one approval in the state; The Huntington National Bank had the most, 354.
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.
Approvals by lender
The 40 lenders with the most approvals to Indiana businesses in FY2018, of 126 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 354 | $54.9M | 23.3% | 304 | +50 |
| 2 | 1st Source Bank | 7(a) | 160 | $20.0M | 10.5% | 156 | +4 |
| 3 | JPMorgan Chase Bank, National Association | 7(a) | 55 | $11.6M | 3.6% | 52 | +3 |
| 4 | KeyBank National Association | 7(a) | 53 | $36.6M | 3.5% | 47 | +6 |
| 5 | Indiana Statewide Certified Development Corporation | 504 | 50 | $35.8M | 3.3% | 35 | +15 |
| 6 | Premier Capital Corporation | 504 | 49 | $27.9M | 3.2% | 57 | -8 |
| 7 | Lake City Bank | 7(a) | 48 | $9.2M | 3.2% | 35 | +13 |
| 8 | First Financial Bank | 7(a) | 44 | $10.6M | 2.9% | 83 | -39 |
| 9 | Centier Bank | 7(a) | 35 | $3.4M | 2.3% | 45 | -10 |
| 10 | Regional Development Company | 504 | 30 | $14.2M | 2.0% | 30 | 0 |
| 11 | Old National Bank | 7(a) | 27 | $21.0M | 1.8% | 12 | +15 |
| 12 | Northeast Bank | 7(a) | 25 | $10.8M | 1.6% | 11 | +14 |
| 13 | First Merchants Bank | 7(a) | 23 | $9.3M | 1.5% | 48 | -25 |
| 14 | Wells Fargo Bank National Association | 7(a) | 21 | $9.3M | 1.4% | 37 | -16 |
| 15 | Fifth Third Bank | 7(a) | 20 | $5.3M | 1.3% | 23 | -3 |
| 16 | Flagship Enterprise Center, Inc. (dba Bankable) | 7(a) | 20 | $2.9M | 1.3% | 17 | +3 |
| 17 | Celtic Bank Corporation | 7(a) | 19 | $7.1M | 1.3% | 17 | +2 |
| 18 | Independence Bank | 7(a) | 19 | $2.4M | 1.3% | 9 | +10 |
| 19 | Byline Bank | 7(a) | 18 | $24.2M | 1.2% | 20 | -2 |
| 20 | Live Oak Banking Company | 7(a) | 18 | $23.4M | 1.2% | 9 | +9 |
| 21 | Horizon Bank | 7(a) | 18 | $5.7M | 1.2% | 72 | -54 |
| 22 | STAR Financial Bank | 7(a) | 18 | $3.9M | 1.2% | 24 | -6 |
| 23 | German American Bank | 7(a) | 18 | $3.8M | 1.2% | 47 | -29 |
| 24 | The Farmers Bank, Frankfort, Indiana | 7(a) | 18 | $2.9M | 1.2% | 4 | +14 |
| 25 | PNC Bank, National Association | 7(a) | 17 | $3.5M | 1.1% | 12 | +5 |
| 26 | U.S. Bank, National Association | 7(a) | 16 | $1.5M | 1.1% | 18 | -2 |
| 27 | First Federal Savings Bank | 7(a) | 15 | $5.2M | 1.0% | 17 | -2 |
| 28 | Business Development Corporation (BDC) | 504 | 14 | $7.4M | 0.9% | 30 | -16 |
| 29 | Community Development Corporation of Fort Wayne | 504 | 13 | $8.8M | 0.9% | 14 | -1 |
| 30 | United Midwest Savings Bank National Association | 7(a) | 13 | $6.9M | 0.9% | 9 | +4 |
| 31 | First Federal Savings Bank | 7(a) | 11 | $715K | 0.7% | 1 | +10 |
| 32 | First Internet Bank of Indiana | 7(a) | 10 | $9.5M | 0.7% | 5 | +5 |
| 33 | Stearns Bank National Association | 7(a) | 10 | $4.1M | 0.7% | 4 | +6 |
| 34 | GBank | 7(a) | 8 | $20.3M | 0.5% | 5 | +3 |
| 35 | BayFirst National Bank | 7(a) | 8 | $6.2M | 0.5% | 11 | -3 |
| 36 | Citizens State Bank of New Castle | 7(a) | 8 | $1.8M | 0.5% | 4 | +4 |
| 37 | Newtek Small Business Finance, Inc. | 7(a) | 7 | $6.9M | 0.5% | 8 | -1 |
| 38 | Legence Bank | 7(a) | 7 | $2.6M | 0.5% | 8 | -1 |
| 39 | Merchants Bank of Indiana | 7(a) | 7 | $1.5M | 0.5% | 9 | -2 |
| 40 | Peoples Bank | 7(a) | 7 | $1.4M | 0.5% | 14 | -7 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Marion County | 356 | $121M | 23.4% | 316 | +40 |
| 2 | Hamilton County | 131 | $59.4M | 8.6% | 133 | -2 |
| 3 | Allen County | 107 | $28.1M | 7.0% | 111 | -4 |
| 4 | Hendricks County | 86 | $17.9M | 5.7% | 57 | +29 |
| 5 | Lake County | 76 | $33.3M | 5.0% | 77 | -1 |
| 6 | Johnson County | 74 | $13.1M | 4.9% | 52 | +22 |
| 7 | St. Joseph County | 68 | $41.9M | 4.5% | 73 | -5 |
| 8 | Porter County | 61 | $21.2M | 4.0% | 66 | -5 |
| 9 | Elkhart County | 49 | $28.7M | 3.2% | 60 | -11 |
| 10 | Vanderburgh County | 30 | $11.9M | 2.0% | 30 | 0 |
| 11 | Tippecanoe County | 29 | $10.2M | 1.9% | 43 | -14 |
| 12 | LaPorte County | 26 | $13.2M | 1.7% | 36 | -10 |
| 13 | Madison County | 24 | $14.2M | 1.6% | 30 | -6 |
| 14 | Hancock County | 23 | $14.2M | 1.5% | 16 | +7 |
| 15 | Kosciusko County | 22 | $16.5M | 1.4% | 11 | +11 |
| 16 | Boone County | 20 | $11.1M | 1.3% | 25 | -5 |
| 17 | Floyd County | 20 | $9.7M | 1.3% | 10 | +10 |
| 18 | Monroe County | 17 | $11.9M | 1.1% | 27 | -10 |
| 19 | Clark County | 17 | $9.9M | 1.1% | 19 | -2 |
| 20 | DeKalb County | 15 | $6.1M | 1.0% | 10 | +5 |
| 21 | Wayne County | 14 | $6.5M | 0.9% | 12 | +2 |
| 22 | Delaware County | 11 | $2.8M | 0.7% | 23 | -12 |
| 23 | Howard County | 9 | $5.5M | 0.6% | 10 | -1 |
| 24 | Montgomery County | 9 | $2.3M | 0.6% | 3 | +6 |
| 25 | Vigo County | 9 | $5.3M | 0.6% | 6 | +3 |
| 26 | Whitley County | 9 | $1.5M | 0.6% | 9 | 0 |
| 27 | Morgan County | 8 | $883K | 0.5% | 18 | -10 |
| 28 | Steuben County | 8 | $4.4M | 0.5% | 9 | -1 |
| 29 | Henry County | 8 | $3.0M | 0.5% | 5 | +3 |
| 30 | Adams County | 8 | $2.4M | 0.5% | 5 | +3 |
| 31 | Marshall County | 8 | $7.1M | 0.5% | 23 | -15 |
| 32 | Putnam County | 8 | $1.3M | 0.5% | 6 | +2 |
| 33 | Jasper County | 8 | $4.3M | 0.5% | 8 | 0 |
| 34 | Huntington County | 7 | $8.5M | 0.5% | 8 | -1 |
| 35 | Bartholomew County | 7 | $4.5M | 0.5% | 11 | -4 |
| 36 | Dearborn County | 7 | $1.8M | 0.5% | 6 | +1 |
| 37 | Posey County | 7 | $1.6M | 0.5% | 1 | +6 |
| 38 | Warrick County | 6 | $1.9M | 0.4% | 9 | -3 |
| 39 | Grant County | 6 | $5.6M | 0.4% | 6 | 0 |
| 40 | Clinton County | 6 | $608K | 0.4% | 4 | +2 |
The 40 counties with the most approvals; every county is on the Indiana page.
FY2018 against FY2017
| Indiana | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 1,359 | 1,369 |
| 7(a) dollars | $505M | $495M |
| Median 7(a) approval | $108K | $108K |
| 504 approvals | 160 | 168 |
| 504 dollars | $97.0M | $106M |
| Jobs supported, as reported | 13,907 | 16,326 |
Questions and answers
Which lenders made the most SBA loans in Indiana in FY2018?
The Huntington National Bank (354), 1st Source Bank (160), JPMorgan Chase Bank, National Association (55), KeyBank National Association (53), Indiana Statewide Certified Development Corporation (50). 126 lenders had at least one approval.
How many SBA loans were approved in Indiana in FY2018?
1,519: 1,359 under 7(a) worth $505M and 160 under 504 worth $97.0M.
Which Indiana counties had the most SBA approvals in FY2018?
Marion County (356), Hamilton County (131), Allen County (107), Hendricks County (86), Lake County (76).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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