FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Indiana, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 1,425 loans in Indiana: 1,321 under 7(a) and 104 under 504, worth $701M.
That is up 11% on FY2023, when there were 1,288 approvals worth $586M.
Indiana accounted for 1.9% of the 76,235 approvals nationwide that year. 118 lenders had at least one approval in the state; The Huntington National Bank had the most, 338.
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 FY2024, of 118 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Marion County | 311 | $141M | 21.8% | 284 | +27 |
| 2 | Hamilton County | 170 | $73.9M | 11.9% | 149 | +21 |
| 3 | Lake County | 90 | $47.0M | 6.3% | 90 | 0 |
| 4 | Allen County | 85 | $39.7M | 6.0% | 78 | +7 |
| 5 | Hendricks County | 55 | $21.4M | 3.9% | 57 | -2 |
| 6 | Johnson County | 53 | $14.5M | 3.7% | 62 | -9 |
| 7 | Vanderburgh County | 51 | $37.6M | 3.6% | 27 | +24 |
| 8 | St. Joseph County | 50 | $28.5M | 3.5% | 54 | -4 |
| 9 | Elkhart County | 43 | $24.1M | 3.0% | 30 | +13 |
| 10 | Porter County | 36 | $13.8M | 2.5% | 36 | 0 |
| 11 | Madison County | 35 | $11.6M | 2.5% | 21 | +14 |
| 12 | LaPorte County | 33 | $28.7M | 2.3% | 28 | +5 |
| 13 | Tippecanoe County | 26 | $24.2M | 1.8% | 43 | -17 |
| 14 | Boone County | 26 | $7.9M | 1.8% | 20 | +6 |
| 15 | Delaware County | 26 | $3.4M | 1.8% | 14 | +12 |
| 16 | Hancock County | 23 | $6.9M | 1.6% | 23 | 0 |
| 17 | Monroe County | 22 | $7.8M | 1.5% | 10 | +12 |
| 18 | Clark County | 19 | $10.0M | 1.3% | 20 | -1 |
| 19 | Howard County | 18 | $12.1M | 1.3% | 14 | +4 |
| 20 | Shelby County | 13 | $1.9M | 0.9% | 3 | +10 |
| 21 | Henry County | 12 | $2.7M | 0.8% | 11 | +1 |
| 22 | Floyd County | 12 | $4.9M | 0.8% | 10 | +2 |
| 23 | Steuben County | 11 | $2.1M | 0.8% | 7 | +4 |
| 24 | Morgan County | 10 | $3.6M | 0.7% | 5 | +5 |
| 25 | Bartholomew County | 10 | $6.7M | 0.7% | 12 | -2 |
| 26 | Kosciusko County | 8 | $1.7M | 0.6% | 7 | +1 |
| 27 | DeKalb County | 8 | $4.6M | 0.6% | 5 | +3 |
| 28 | Vigo County | 8 | $8.6M | 0.6% | 3 | +5 |
| 29 | Dearborn County | 8 | $5.8M | 0.6% | 6 | +2 |
| 30 | Noble County | 7 | $742K | 0.5% | 4 | +3 |
| 31 | Gibson County | 6 | $1.5M | 0.4% | 2 | +4 |
| 32 | Warrick County | 6 | $2.3M | 0.4% | 5 | +1 |
| 33 | Daviess County | 6 | $3.3M | 0.4% | 9 | -3 |
| 34 | Clinton County | 6 | $5.6M | 0.4% | 5 | +1 |
| 35 | Lawrence County | 6 | $6.1M | 0.4% | 2 | +4 |
| 36 | Wells County | 5 | $889K | 0.4% | 3 | +2 |
| 37 | LaGrange County | 5 | $6.2M | 0.4% | 4 | +1 |
| 38 | Marshall County | 5 | $4.7M | 0.4% | 13 | -8 |
| 39 | Wayne County | 5 | $8.6M | 0.4% | 4 | +1 |
| 40 | Putnam County | 5 | $6.9M | 0.4% | 5 | 0 |
The 40 counties with the most approvals; every county is on the Indiana page.
FY2024 against FY2023
| Indiana | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 1,321 | 1,192 |
| 7(a) dollars | $588M | $493M |
| Median 7(a) approval | $143K | $150K |
| 504 approvals | 104 | 96 |
| 504 dollars | $113M | $92.9M |
| Jobs supported, as reported | 13,794 | 14,739 |
Questions and answers
Which lenders made the most SBA loans in Indiana in FY2024?
The Huntington National Bank (338), 1st Source Bank (68), Centier Bank (51), JPMorgan Chase Bank, National Association (40), First Merchants Bank (39). 118 lenders had at least one approval.
How many SBA loans were approved in Indiana in FY2024?
1,425: 1,321 under 7(a) worth $588M and 104 under 504 worth $113M.
Which Indiana counties had the most SBA approvals in FY2024?
Marion County (311), Hamilton County (170), Lake County (90), Allen County (85), Hendricks County (55).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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