FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Indiana, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 1,080 loans in Indiana: 924 under 7(a) and 156 under 504, worth $544M.
That is about level with FY2019, when there were 1,165 approvals worth $485M.
Indiana accounted for 2.2% of the 49,417 approvals nationwide that year. 126 lenders had at least one approval in the state; The Huntington National Bank had the most, 210.
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 FY2020, of 126 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 210 | $36.2M | 19.4% | 239 | -29 |
| 2 | 1st Source Bank | 7(a) | 77 | $14.3M | 7.1% | 91 | -14 |
| 3 | KeyBank National Association | 7(a) | 50 | $39.3M | 4.6% | 55 | -5 |
| 4 | Indiana Statewide Certified Development Corporation | 504 | 43 | $29.8M | 4.0% | 40 | +3 |
| 5 | Premier Capital Corporation | 504 | 43 | $21.4M | 4.0% | 42 | +1 |
| 6 | Regional Development Company | 504 | 35 | $20.2M | 3.2% | 33 | +2 |
| 7 | Centier Bank | 7(a) | 32 | $9.8M | 3.0% | 28 | +4 |
| 8 | Live Oak Banking Company | 7(a) | 24 | $31.1M | 2.2% | 19 | +5 |
| 9 | First Merchants Bank | 7(a) | 24 | $7.1M | 2.2% | 51 | -27 |
| 10 | German American Bank | 7(a) | 24 | $6.7M | 2.2% | 23 | +1 |
| 11 | First Federal Savings Bank | 7(a) | 19 | $16.1M | 1.8% | 5 | +14 |
| 12 | First Internet Bank of Indiana | 7(a) | 19 | $12.7M | 1.8% | 14 | +5 |
| 13 | STAR Financial Bank | 7(a) | 19 | $2.9M | 1.8% | 12 | +7 |
| 14 | Stock Yards Bank & Trust Company | 7(a) | 18 | $4.0M | 1.7% | 6 | +12 |
| 15 | First Financial Bank | 7(a) | 18 | $3.4M | 1.7% | 22 | -4 |
| 16 | Byline Bank | 7(a) | 17 | $28.4M | 1.6% | 13 | +4 |
| 17 | Business Development Corporation (BDC) | 504 | 17 | $10.6M | 1.6% | 12 | +5 |
| 18 | U.S. Bank, National Association | 7(a) | 17 | $3.2M | 1.6% | 18 | -1 |
| 19 | Lake City Bank | 7(a) | 16 | $8.1M | 1.5% | 26 | -10 |
| 20 | JPMorgan Chase Bank, National Association | 7(a) | 16 | $1.8M | 1.5% | 25 | -9 |
| 21 | Merchants Bank of Indiana | 7(a) | 13 | $15.9M | 1.2% | 6 | +7 |
| 22 | PNC Bank, National Association | 7(a) | 13 | $2.4M | 1.2% | 13 | 0 |
| 23 | Fifth Third Bank | 7(a) | 13 | $2.0M | 1.2% | 27 | -14 |
| 24 | Old National Bank | 7(a) | 12 | $9.6M | 1.1% | 12 | 0 |
| 25 | Millennium Bank | 7(a) | 11 | $18.1M | 1.0% | 2 | +9 |
| 26 | United Midwest Savings Bank National Association | 7(a) | 11 | $5.5M | 1.0% | 15 | -4 |
| 27 | Flagship Enterprise Center, Inc. (dba Bankable) | 7(a) | 11 | $1.8M | 1.0% | 20 | -9 |
| 28 | The Farmers Bank, Frankfort, Indiana | 7(a) | 10 | $3.5M | 0.9% | 3 | +7 |
| 29 | Community Development Corporation of Fort Wayne | 504 | 10 | $3.2M | 0.9% | 9 | +1 |
| 30 | Horizon Bank | 7(a) | 10 | $1.4M | 0.9% | 10 | 0 |
| 31 | Citizens State Bank of New Castle | 7(a) | 9 | $2.8M | 0.8% | 13 | -4 |
| 32 | GBank | 7(a) | 7 | $19.1M | 0.6% | 4 | +3 |
| 33 | Newtek Small Business Finance, Inc. | 7(a) | 7 | $6.3M | 0.6% | 10 | -3 |
| 34 | Readycap Lending, LLC | 7(a) | 6 | $5.6M | 0.6% | 2 | +4 |
| 35 | First Federal Savings Bank | 7(a) | 6 | $4.9M | 0.6% | 9 | -3 |
| 36 | Wells Fargo Bank National Association | 7(a) | 6 | $4.8M | 0.6% | 12 | -6 |
| 37 | Peoples Bank | 7(a) | 6 | $3.8M | 0.6% | 4 | +2 |
| 38 | Springs Valley Bank & Trust Company | 7(a) | 6 | $1.4M | 0.6% | 1 | +5 |
| 39 | BayFirst National Bank | 7(a) | 6 | $1.3M | 0.6% | 21 | -15 |
| 40 | Regions Bank | 7(a) | 5 | $7.2M | 0.5% | 6 | -1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Marion County | 221 | $125M | 20.5% | 241 | -20 |
| 2 | Hamilton County | 144 | $80.6M | 13.3% | 134 | +10 |
| 3 | Allen County | 72 | $42.6M | 6.7% | 56 | +16 |
| 4 | Lake County | 61 | $31.6M | 5.6% | 71 | -10 |
| 5 | Hendricks County | 56 | $20.0M | 5.2% | 35 | +21 |
| 6 | Johnson County | 42 | $8.1M | 3.9% | 54 | -12 |
| 7 | St. Joseph County | 38 | $19.2M | 3.5% | 64 | -26 |
| 8 | Vanderburgh County | 32 | $15.4M | 3.0% | 32 | 0 |
| 9 | LaPorte County | 29 | $17.0M | 2.7% | 12 | +17 |
| 10 | Tippecanoe County | 28 | $9.6M | 2.6% | 33 | -5 |
| 11 | Porter County | 27 | $6.3M | 2.5% | 37 | -10 |
| 12 | Boone County | 22 | $6.7M | 2.0% | 16 | +6 |
| 13 | Clark County | 21 | $9.8M | 1.9% | 16 | +5 |
| 14 | Elkhart County | 16 | $12.7M | 1.5% | 26 | -10 |
| 15 | Madison County | 15 | $11.1M | 1.4% | 29 | -14 |
| 16 | Floyd County | 12 | $6.7M | 1.1% | 12 | 0 |
| 17 | Wells County | 11 | $2.3M | 1.0% | 2 | +9 |
| 18 | Putnam County | 11 | $7.3M | 1.0% | 7 | +4 |
| 19 | Warrick County | 10 | $4.8M | 0.9% | 17 | -7 |
| 20 | Marshall County | 10 | $3.2M | 0.9% | 18 | -8 |
| 21 | Monroe County | 9 | $8.9M | 0.8% | 16 | -7 |
| 22 | Morgan County | 9 | $6.4M | 0.8% | 11 | -2 |
| 23 | Delaware County | 9 | $1.8M | 0.8% | 13 | -4 |
| 24 | Bartholomew County | 9 | $4.0M | 0.8% | 17 | -8 |
| 25 | Hancock County | 8 | $5.4M | 0.7% | 21 | -13 |
| 26 | Shelby County | 8 | $3.9M | 0.7% | 6 | +2 |
| 27 | Huntington County | 8 | $6.1M | 0.7% | 6 | +2 |
| 28 | Vigo County | 8 | $3.2M | 0.7% | 8 | 0 |
| 29 | Dearborn County | 8 | $9.0M | 0.7% | 5 | +3 |
| 30 | Howard County | 7 | $3.3M | 0.6% | 7 | 0 |
| 31 | Kosciusko County | 6 | $427K | 0.6% | 9 | -3 |
| 32 | Gibson County | 6 | $2.1M | 0.6% | 1 | +5 |
| 33 | Steuben County | 6 | $3.5M | 0.6% | 6 | 0 |
| 34 | Daviess County | 6 | $2.0M | 0.6% | 5 | +1 |
| 35 | Whitley County | 6 | $1.5M | 0.6% | 7 | -1 |
| 36 | Henry County | 5 | $3.0M | 0.5% | 7 | -2 |
| 37 | Knox County | 4 | $3.1M | 0.4% | 1 | +3 |
| 38 | LaGrange County | 4 | $2.3M | 0.4% | 2 | +2 |
| 39 | Dubois County | 4 | $3.9M | 0.4% | 1 | +3 |
| 40 | Ripley County | 4 | $1.3M | 0.4% | 1 | +3 |
The 40 counties with the most approvals; every county is on the Indiana page.
FY2020 against FY2019
| Indiana | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 924 | 1,022 |
| 7(a) dollars | $454M | $385M |
| Median 7(a) approval | $167K | $145K |
| 504 approvals | 156 | 143 |
| 504 dollars | $90.3M | $99.6M |
| Jobs supported, as reported | 11,264 | 11,132 |
Questions and answers
Which lenders made the most SBA loans in Indiana in FY2020?
The Huntington National Bank (210), 1st Source Bank (77), KeyBank National Association (50), Indiana Statewide Certified Development Corporation (43), Premier Capital Corporation (43). 126 lenders had at least one approval.
How many SBA loans were approved in Indiana in FY2020?
1,080: 924 under 7(a) worth $454M and 156 under 504 worth $90.3M.
Which Indiana counties had the most SBA approvals in FY2020?
Marion County (221), Hamilton County (144), Allen County (72), Lake County (61), Hendricks County (56).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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