FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Indiana, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 1,332 loans in Indiana: 1,121 under 7(a) and 211 under 504, worth $648M.
That is about level with FY2021, when there were 1,371 approvals worth $759M.
Indiana accounted for 2.3% of the 56,932 approvals nationwide that year. 129 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 FY2022, of 129 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 305 | $63.4M | 22.9% | 305 | 0 |
| 2 | 1st Source Bank | 7(a) | 106 | $13.7M | 8.0% | 93 | +13 |
| 3 | Centier Bank | 7(a) | 86 | $17.5M | 6.5% | 77 | +9 |
| 4 | Indiana Statewide Certified Development Corporation | 504 | 58 | $39.4M | 4.4% | 51 | +7 |
| 5 | Premier Capital Corporation | 504 | 56 | $40.0M | 4.2% | 46 | +10 |
| 6 | Old National Bank | 7(a) | 36 | $24.5M | 2.7% | 53 | -17 |
| 7 | Regional Development Company | 504 | 35 | $26.5M | 2.6% | 36 | -1 |
| 8 | Citizens State Bank of New Castle | 7(a) | 30 | $5.9M | 2.3% | 16 | +14 |
| 9 | KeyBank National Association | 7(a) | 29 | $12.3M | 2.2% | 35 | -6 |
| 10 | Business Development Corporation (BDC) | 504 | 28 | $25.9M | 2.1% | 32 | -4 |
| 11 | Live Oak Banking Company | 7(a) | 25 | $42.7M | 1.9% | 25 | 0 |
| 12 | Merchants Bank of Indiana | 7(a) | 21 | $13.8M | 1.6% | 36 | -15 |
| 13 | Fifth Third Bank | 7(a) | 20 | $9.8M | 1.5% | 6 | +14 |
| 14 | Community Development Corporation of Fort Wayne | 504 | 18 | $13.3M | 1.4% | 17 | +1 |
| 15 | STAR Financial Bank | 7(a) | 18 | $10.2M | 1.4% | 19 | -1 |
| 16 | German American Bank | 7(a) | 18 | $4.0M | 1.4% | 43 | -25 |
| 17 | First Financial Bank | 7(a) | 17 | $3.8M | 1.3% | 31 | -14 |
| 18 | U.S. Bank, National Association | 7(a) | 17 | $2.6M | 1.3% | 13 | +4 |
| 19 | Newtek Small Business Finance, Inc. | 7(a) | 16 | $9.1M | 1.2% | 19 | -3 |
| 20 | Lake City Bank | 7(a) | 16 | $9.0M | 1.2% | 20 | -4 |
| 21 | Horizon Bank | 7(a) | 16 | $8.7M | 1.2% | 3 | +13 |
| 22 | Stock Yards Bank & Trust Company | 7(a) | 15 | $7.8M | 1.1% | 19 | -4 |
| 23 | JPMorgan Chase Bank, National Association | 7(a) | 14 | $3.8M | 1.1% | 3 | +11 |
| 24 | PNC Bank, National Association | 7(a) | 14 | $2.0M | 1.1% | 4 | +10 |
| 25 | United Midwest Savings Bank National Association | 7(a) | 13 | $7.0M | 1.0% | 20 | -7 |
| 26 | First Federal Savings Bank | 7(a) | 12 | $6.5M | 0.9% | 7 | +5 |
| 27 | Flagship Enterprise Center, Inc. (dba Bankable) | 7(a) | 12 | $2.2M | 0.9% | 14 | -2 |
| 28 | BayFirst National Bank | 7(a) | 11 | $1.8M | 0.8% | 4 | +7 |
| 29 | Shoreham Bank | 7(a) | 10 | $22.7M | 0.8% | 2 | +8 |
| 30 | Celtic Bank Corporation | 7(a) | 9 | $5.6M | 0.7% | 8 | +1 |
| 31 | Hendricks County Bank and Trust Company | 7(a) | 9 | $2.2M | 0.7% | 6 | +3 |
| 32 | Millennium Bank | 7(a) | 8 | $15.7M | 0.6% | 3 | +5 |
| 33 | First Internet Bank of Indiana | 7(a) | 8 | $9.1M | 0.6% | 8 | 0 |
| 34 | Readycap Lending, LLC | 7(a) | 8 | $7.1M | 0.6% | 3 | +5 |
| 35 | The North Salem State Bank | 7(a) | 8 | $2.8M | 0.6% | 9 | -1 |
| 36 | Springs Valley Bank & Trust Company | 7(a) | 7 | $1.3M | 0.5% | 8 | -1 |
| 37 | GBank | 7(a) | 6 | $13.3M | 0.5% | 5 | +1 |
| 38 | First Bank of the Lake | 7(a) | 6 | $10.9M | 0.5% | 5 | +1 |
| 39 | Small Business Growth Corporation | 504 | 6 | $4.9M | 0.5% | 8 | -2 |
| 40 | Everwise Credit Union | 7(a) | 6 | $3.9M | 0.5% | 5 | +1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Marion County | 252 | $105M | 18.9% | 268 | -16 |
| 2 | Hamilton County | 124 | $58.6M | 9.3% | 152 | -28 |
| 3 | Lake County | 81 | $56.4M | 6.1% | 111 | -30 |
| 4 | Allen County | 74 | $34.4M | 5.6% | 85 | -11 |
| 5 | Hendricks County | 67 | $23.1M | 5.0% | 59 | +8 |
| 6 | St. Joseph County | 65 | $29.3M | 4.9% | 66 | -1 |
| 7 | Johnson County | 57 | $14.2M | 4.3% | 45 | +12 |
| 8 | Tippecanoe County | 46 | $19.0M | 3.5% | 34 | +12 |
| 9 | Porter County | 43 | $17.5M | 3.2% | 36 | +7 |
| 10 | Vanderburgh County | 35 | $16.5M | 2.6% | 40 | -5 |
| 11 | Madison County | 31 | $11.7M | 2.3% | 15 | +16 |
| 12 | Elkhart County | 28 | $27.1M | 2.1% | 48 | -20 |
| 13 | LaPorte County | 27 | $15.5M | 2.0% | 19 | +8 |
| 14 | Boone County | 26 | $10.9M | 2.0% | 33 | -7 |
| 15 | Clark County | 25 | $16.9M | 1.9% | 9 | +16 |
| 16 | Monroe County | 18 | $15.7M | 1.4% | 18 | 0 |
| 17 | Marshall County | 18 | $8.5M | 1.4% | 20 | -2 |
| 18 | Floyd County | 17 | $13.7M | 1.3% | 11 | +6 |
| 19 | Bartholomew County | 17 | $4.6M | 1.3% | 13 | +4 |
| 20 | Kosciusko County | 16 | $6.9M | 1.2% | 10 | +6 |
| 21 | Hancock County | 14 | $4.7M | 1.1% | 18 | -4 |
| 22 | Warrick County | 14 | $9.8M | 1.1% | 10 | +4 |
| 23 | Morgan County | 13 | $2.2M | 1.0% | 7 | +6 |
| 24 | Whitley County | 11 | $6.5M | 0.8% | 10 | +1 |
| 25 | Huntington County | 9 | $11.0M | 0.7% | 2 | +7 |
| 26 | Vigo County | 9 | $3.9M | 0.7% | 8 | +1 |
| 27 | Steuben County | 9 | $10.3M | 0.7% | 12 | -3 |
| 28 | Delaware County | 9 | $6.9M | 0.7% | 17 | -8 |
| 29 | Dearborn County | 9 | $6.5M | 0.7% | 5 | +4 |
| 30 | Wells County | 7 | $572K | 0.5% | 3 | +4 |
| 31 | Shelby County | 7 | $2.5M | 0.5% | 10 | -3 |
| 32 | Henry County | 7 | $5.1M | 0.5% | 4 | +3 |
| 33 | Jasper County | 7 | $3.9M | 0.5% | 3 | +4 |
| 34 | Howard County | 6 | $3.0M | 0.5% | 15 | -9 |
| 35 | Harrison County | 6 | $937K | 0.5% | 4 | +2 |
| 36 | Wayne County | 6 | $2.5M | 0.5% | 4 | +2 |
| 37 | Putnam County | 6 | $2.8M | 0.5% | 9 | -3 |
| 38 | Cass County | 5 | $1.0M | 0.4% | 2 | +3 |
| 39 | Daviess County | 5 | $732K | 0.4% | 5 | 0 |
| 40 | Jackson County | 5 | $5.7M | 0.4% | 4 | +1 |
The 40 counties with the most approvals; every county is on the Indiana page.
FY2022 against FY2021
| Indiana | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 1,121 | 1,177 |
| 7(a) dollars | $492M | $640M |
| Median 7(a) approval | $150K | $216K |
| 504 approvals | 211 | 194 |
| 504 dollars | $156M | $119M |
| Jobs supported, as reported | 13,859 | 15,012 |
Questions and answers
Which lenders made the most SBA loans in Indiana in FY2022?
The Huntington National Bank (305), 1st Source Bank (106), Centier Bank (86), Indiana Statewide Certified Development Corporation (58), Premier Capital Corporation (56). 129 lenders had at least one approval.
How many SBA loans were approved in Indiana in FY2022?
1,332: 1,121 under 7(a) worth $492M and 211 under 504 worth $156M.
Which Indiana counties had the most SBA approvals in FY2022?
Marion County (252), Hamilton County (124), Lake County (81), Allen County (74), Hendricks County (67).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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