FY20211 Oct 2020 – 30 Sep 2021
SBA loans in Indiana, FY2021
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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 1,371 loans in Indiana: 1,177 under 7(a) and 194 under 504, worth $759M.
That is up 27% on FY2020, when there were 1,080 approvals worth $544M.
Indiana accounted for 2.2% of the 61,532 approvals nationwide that year. 116 lenders had at least one approval in the state; The Huntington National Bank had the most, 305.
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 FY2021, of 116 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 305 | $82.9M | 22.2% | 210 | +95 |
| 2 | 1st Source Bank | 7(a) | 93 | $20.9M | 6.8% | 77 | +16 |
| 3 | Centier Bank | 7(a) | 77 | $16.1M | 5.6% | 32 | +45 |
| 4 | Old National Bank | 7(a) | 53 | $46.4M | 3.9% | 12 | +41 |
| 5 | Indiana Statewide Certified Development Corporation | 504 | 51 | $34.6M | 3.7% | 43 | +8 |
| 6 | Premier Capital Corporation | 504 | 46 | $29.8M | 3.4% | 43 | +3 |
| 7 | German American Bank | 7(a) | 43 | $14.0M | 3.1% | 24 | +19 |
| 8 | Merchants Bank of Indiana | 7(a) | 36 | $37.7M | 2.6% | 13 | +23 |
| 9 | Regional Development Company | 504 | 36 | $15.5M | 2.6% | 35 | +1 |
| 10 | KeyBank National Association | 7(a) | 35 | $25.7M | 2.6% | 50 | -15 |
| 11 | Business Development Corporation (BDC) | 504 | 32 | $18.5M | 2.3% | 17 | +15 |
| 12 | First Financial Bank | 7(a) | 31 | $13.1M | 2.3% | 18 | +13 |
| 13 | Live Oak Banking Company | 7(a) | 25 | $35.3M | 1.8% | 24 | +1 |
| 14 | United Midwest Savings Bank National Association | 7(a) | 20 | $8.6M | 1.5% | 11 | +9 |
| 15 | Lake City Bank | 7(a) | 20 | $8.2M | 1.5% | 16 | +4 |
| 16 | Stock Yards Bank & Trust Company | 7(a) | 19 | $12.5M | 1.4% | 18 | +1 |
| 17 | The Farmers Bank, Frankfort, Indiana | 7(a) | 19 | $10.4M | 1.4% | 10 | +9 |
| 18 | Newtek Small Business Finance, Inc. | 7(a) | 19 | $9.8M | 1.4% | 7 | +12 |
| 19 | STAR Financial Bank | 7(a) | 19 | $4.4M | 1.4% | 19 | 0 |
| 20 | Community Development Corporation of Fort Wayne | 504 | 17 | $4.8M | 1.2% | 10 | +7 |
| 21 | Citizens State Bank of New Castle | 7(a) | 16 | $4.4M | 1.2% | 9 | +7 |
| 22 | First Federal Savings Bank | 7(a) | 15 | $14.2M | 1.1% | 19 | -4 |
| 23 | Flagship Enterprise Center, Inc. (dba Bankable) | 7(a) | 14 | $1.9M | 1.0% | 11 | +3 |
| 24 | U.S. Bank, National Association | 7(a) | 13 | $1.7M | 0.9% | 17 | -4 |
| 25 | First Merchants Bank | 7(a) | 12 | $8.1M | 0.9% | 24 | -12 |
| 26 | Byline Bank | 7(a) | 10 | $14.2M | 0.7% | 17 | -7 |
| 27 | The North Salem State Bank | 7(a) | 9 | $1.4M | 0.7% | 4 | +5 |
| 28 | Regions Bank | 7(a) | 8 | $16.0M | 0.6% | 5 | +3 |
| 29 | Small Business Growth Corporation | 504 | 8 | $10.8M | 0.6% | 4 | +4 |
| 30 | First Internet Bank of Indiana | 7(a) | 8 | $9.7M | 0.6% | 19 | -11 |
| 31 | Celtic Bank Corporation | 7(a) | 8 | $6.5M | 0.6% | 4 | +4 |
| 32 | Community First Bank of Indiana | 7(a) | 8 | $6.3M | 0.6% | 2 | +6 |
| 33 | Springs Valley Bank & Trust Company | 7(a) | 8 | $2.6M | 0.6% | 6 | +2 |
| 34 | Farmers State Bank of Alto Pass, Illinois | 7(a) | 7 | $15.5M | 0.5% | 1 | +6 |
| 35 | First Western SBLC, LLC | 7(a) | 7 | $11.7M | 0.5% | 1 | +6 |
| 36 | First Federal Savings Bank | 7(a) | 7 | $5.0M | 0.5% | 6 | +1 |
| 37 | Citizens Bank | 7(a) | 7 | $4.9M | 0.5% | 3 | +4 |
| 38 | First State Bank of Middlebury | 7(a) | 7 | $3.8M | 0.5% | 1 | +6 |
| 39 | Fifth Third Bank | 7(a) | 6 | $6.4M | 0.4% | 13 | -7 |
| 40 | BMO Bank National Association | 7(a) | 6 | $6.1M | 0.4% | 1 | +5 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | Marion County | 268 | $183M | 19.5% | 221 | +47 |
| 2 | Hamilton County | 152 | $75.7M | 11.1% | 144 | +8 |
| 3 | Lake County | 111 | $57.0M | 8.1% | 61 | +50 |
| 4 | Allen County | 85 | $50.4M | 6.2% | 72 | +13 |
| 5 | St. Joseph County | 66 | $37.6M | 4.8% | 38 | +28 |
| 6 | Hendricks County | 59 | $17.6M | 4.3% | 56 | +3 |
| 7 | Elkhart County | 48 | $27.4M | 3.5% | 16 | +32 |
| 8 | Johnson County | 45 | $21.3M | 3.3% | 42 | +3 |
| 9 | Vanderburgh County | 40 | $22.0M | 2.9% | 32 | +8 |
| 10 | Porter County | 36 | $22.3M | 2.6% | 27 | +9 |
| 11 | Tippecanoe County | 34 | $17.7M | 2.5% | 28 | +6 |
| 12 | Boone County | 33 | $13.7M | 2.4% | 22 | +11 |
| 13 | Marshall County | 20 | $6.9M | 1.5% | 10 | +10 |
| 14 | LaPorte County | 19 | $9.8M | 1.4% | 29 | -10 |
| 15 | Hancock County | 18 | $16.8M | 1.3% | 8 | +10 |
| 16 | Monroe County | 18 | $8.4M | 1.3% | 9 | +9 |
| 17 | Delaware County | 17 | $17.0M | 1.2% | 9 | +8 |
| 18 | Howard County | 15 | $5.5M | 1.1% | 7 | +8 |
| 19 | Madison County | 15 | $3.6M | 1.1% | 15 | 0 |
| 20 | Bartholomew County | 13 | $8.1M | 0.9% | 9 | +4 |
| 21 | Steuben County | 12 | $4.6M | 0.9% | 6 | +6 |
| 22 | Floyd County | 11 | $5.6M | 0.8% | 12 | -1 |
| 23 | Kosciusko County | 10 | $2.1M | 0.7% | 6 | +4 |
| 24 | Shelby County | 10 | $4.2M | 0.7% | 8 | +2 |
| 25 | Warrick County | 10 | $3.7M | 0.7% | 10 | 0 |
| 26 | Whitley County | 10 | $4.7M | 0.7% | 6 | +4 |
| 27 | Clinton County | 10 | $4.1M | 0.7% | 3 | +7 |
| 28 | Clark County | 9 | $9.4M | 0.7% | 21 | -12 |
| 29 | Putnam County | 9 | $2.7M | 0.7% | 11 | -2 |
| 30 | Vigo County | 8 | $9.2M | 0.6% | 8 | 0 |
| 31 | Brown County | 8 | $2.6M | 0.6% | 4 | +4 |
| 32 | Morgan County | 7 | $1.9M | 0.5% | 9 | -2 |
| 33 | Rush County | 7 | $2.3M | 0.5% | 1 | +6 |
| 34 | Noble County | 7 | $1.3M | 0.5% | 3 | +4 |
| 35 | Gibson County | 6 | $8.0M | 0.4% | 6 | 0 |
| 36 | Knox County | 6 | $6.0M | 0.4% | 4 | +2 |
| 37 | Lawrence County | 6 | $2.0M | 0.4% | 3 | +3 |
| 38 | Grant County | 5 | $1.5M | 0.4% | 2 | +3 |
| 39 | Daviess County | 5 | $1.7M | 0.4% | 6 | -1 |
| 40 | Dearborn County | 5 | $1.7M | 0.4% | 8 | -3 |
The 40 counties with the most approvals; every county is on the Indiana page.
FY2021 against FY2020
| Indiana | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 1,177 | 924 |
| 7(a) dollars | $640M | $454M |
| Median 7(a) approval | $216K | $167K |
| 504 approvals | 194 | 156 |
| 504 dollars | $119M | $90.3M |
| Jobs supported, as reported | 15,012 | 11,264 |
Questions and answers
Which lenders made the most SBA loans in Indiana in FY2021?
The Huntington National Bank (305), 1st Source Bank (93), Centier Bank (77), Old National Bank (53), Indiana Statewide Certified Development Corporation (51). 116 lenders had at least one approval.
How many SBA loans were approved in Indiana in FY2021?
1,371: 1,177 under 7(a) worth $640M and 194 under 504 worth $119M.
Which Indiana counties had the most SBA approvals in FY2021?
Marion County (268), Hamilton County (152), Lake County (111), Allen County (85), St. Joseph County (66).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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