FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Indiana, FY2023
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 1,288 loans in Indiana: 1,192 under 7(a) and 96 under 504, worth $586M.
That is about level with FY2022, when there were 1,332 approvals worth $648M.
Indiana accounted for 2.0% of the 63,286 approvals nationwide that year. 124 lenders had at least one approval in the state; The Huntington National Bank had the most, 329.
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 FY2023, of 124 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Marion County | 284 | $147M | 22.0% | 252 | +32 |
| 2 | Hamilton County | 149 | $85.3M | 11.6% | 124 | +25 |
| 3 | Lake County | 90 | $30.0M | 7.0% | 81 | +9 |
| 4 | Allen County | 78 | $30.8M | 6.1% | 74 | +4 |
| 5 | Johnson County | 62 | $25.0M | 4.8% | 57 | +5 |
| 6 | Hendricks County | 57 | $11.2M | 4.4% | 67 | -10 |
| 7 | St. Joseph County | 54 | $18.0M | 4.2% | 65 | -11 |
| 8 | Tippecanoe County | 43 | $16.9M | 3.3% | 46 | -3 |
| 9 | Porter County | 36 | $15.4M | 2.8% | 43 | -7 |
| 10 | Elkhart County | 30 | $14.0M | 2.3% | 28 | +2 |
| 11 | LaPorte County | 28 | $16.4M | 2.2% | 27 | +1 |
| 12 | Vanderburgh County | 27 | $13.3M | 2.1% | 35 | -8 |
| 13 | Hancock County | 23 | $9.0M | 1.8% | 14 | +9 |
| 14 | Madison County | 21 | $6.4M | 1.6% | 31 | -10 |
| 15 | Boone County | 20 | $10.1M | 1.6% | 26 | -6 |
| 16 | Clark County | 20 | $8.1M | 1.6% | 25 | -5 |
| 17 | Howard County | 14 | $9.4M | 1.1% | 6 | +8 |
| 18 | Delaware County | 14 | $3.5M | 1.1% | 9 | +5 |
| 19 | Marshall County | 13 | $4.6M | 1.0% | 18 | -5 |
| 20 | Bartholomew County | 12 | $17.4M | 0.9% | 17 | -5 |
| 21 | Henry County | 11 | $6.9M | 0.9% | 7 | +4 |
| 22 | Monroe County | 10 | $2.8M | 0.8% | 18 | -8 |
| 23 | Floyd County | 10 | $3.1M | 0.8% | 17 | -7 |
| 24 | Daviess County | 9 | $5.4M | 0.7% | 5 | +4 |
| 25 | Kosciusko County | 7 | $1.6M | 0.5% | 16 | -9 |
| 26 | Steuben County | 7 | $1.8M | 0.5% | 9 | -2 |
| 27 | Dearborn County | 6 | $485K | 0.5% | 9 | -3 |
| 28 | Franklin County | 6 | $2.0M | 0.5% | 3 | +3 |
| 29 | Starke County | 6 | $2.3M | 0.5% | 5 | +1 |
| 30 | DeKalb County | 5 | $1.9M | 0.4% | 4 | +1 |
| 31 | Montgomery County | 5 | $1.4M | 0.4% | 2 | +3 |
| 32 | Morgan County | 5 | $3.0M | 0.4% | 13 | -8 |
| 33 | Warrick County | 5 | $473K | 0.4% | 14 | -9 |
| 34 | Putnam County | 5 | $2.1M | 0.4% | 6 | -1 |
| 35 | Wabash County | 5 | $923K | 0.4% | 3 | +2 |
| 36 | Clinton County | 5 | $725K | 0.4% | 4 | +1 |
| 37 | Cass County | 4 | $2.8M | 0.3% | 5 | -1 |
| 38 | Decatur County | 4 | $783K | 0.3% | 2 | +2 |
| 39 | Harrison County | 4 | $3.4M | 0.3% | 6 | -2 |
| 40 | LaGrange County | 4 | $3.1M | 0.3% | 2 | +2 |
The 40 counties with the most approvals; every county is on the Indiana page.
FY2023 against FY2022
| Indiana | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 1,192 | 1,121 |
| 7(a) dollars | $493M | $492M |
| Median 7(a) approval | $150K | $150K |
| 504 approvals | 96 | 211 |
| 504 dollars | $92.9M | $156M |
| Jobs supported, as reported | 14,739 | 13,859 |
Questions and answers
Which lenders made the most SBA loans in Indiana in FY2023?
The Huntington National Bank (329), 1st Source Bank (100), Centier Bank (58), Indiana Statewide Certified Development Corporation (35), KeyBank National Association (34). 124 lenders had at least one approval.
How many SBA loans were approved in Indiana in FY2023?
1,288: 1,192 under 7(a) worth $493M and 96 under 504 worth $92.9M.
Which Indiana counties had the most SBA approvals in FY2023?
Marion County (284), Hamilton County (149), Lake County (90), Allen County (78), Johnson County (62).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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