FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Indiana, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 1,368 loans in Indiana: 1,239 under 7(a) and 129 under 504, worth $696M.
That is about level with FY2024, when there were 1,425 approvals worth $701M.
Indiana accounted for 1.6% of the 84,840 approvals nationwide that year. 129 lenders had at least one approval in the state; The Huntington National Bank had the most, 244.
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 FY2025, of 129 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Marion County | 249 | $121M | 18.2% | 311 | -62 |
| 2 | Hamilton County | 199 | $103M | 14.5% | 170 | +29 |
| 3 | Lake County | 101 | $58.7M | 7.4% | 90 | +11 |
| 4 | Allen County | 74 | $37.0M | 5.4% | 85 | -11 |
| 5 | Johnson County | 64 | $22.7M | 4.7% | 53 | +11 |
| 6 | St. Joseph County | 43 | $22.6M | 3.1% | 50 | -7 |
| 7 | Hendricks County | 37 | $16.8M | 2.7% | 55 | -18 |
| 8 | Elkhart County | 36 | $23.6M | 2.6% | 43 | -7 |
| 9 | Tippecanoe County | 34 | $14.4M | 2.5% | 26 | +8 |
| 10 | Vanderburgh County | 34 | $24.1M | 2.5% | 51 | -17 |
| 11 | Porter County | 32 | $27.3M | 2.3% | 36 | -4 |
| 12 | Madison County | 26 | $6.6M | 1.9% | 35 | -9 |
| 13 | Clark County | 24 | $19.6M | 1.8% | 19 | +5 |
| 14 | Hancock County | 22 | $8.2M | 1.6% | 23 | -1 |
| 15 | Bartholomew County | 21 | $21.0M | 1.5% | 10 | +11 |
| 16 | Monroe County | 19 | $5.8M | 1.4% | 22 | -3 |
| 17 | Boone County | 18 | $11.9M | 1.3% | 26 | -8 |
| 18 | Morgan County | 17 | $3.8M | 1.2% | 10 | +7 |
| 19 | Floyd County | 17 | $8.6M | 1.2% | 12 | +5 |
| 20 | Howard County | 16 | $6.9M | 1.2% | 18 | -2 |
| 21 | Kosciusko County | 16 | $3.5M | 1.2% | 8 | +8 |
| 22 | Vigo County | 15 | $8.9M | 1.1% | 8 | +7 |
| 23 | Henry County | 15 | $3.4M | 1.1% | 12 | +3 |
| 24 | Delaware County | 15 | $5.9M | 1.1% | 26 | -11 |
| 25 | Marshall County | 15 | $10.3M | 1.1% | 5 | +10 |
| 26 | LaPorte County | 14 | $5.8M | 1.0% | 33 | -19 |
| 27 | DeKalb County | 11 | $7.7M | 0.8% | 8 | +3 |
| 28 | Shelby County | 11 | $8.9M | 0.8% | 13 | -2 |
| 29 | Warrick County | 10 | $5.8M | 0.7% | 6 | +4 |
| 30 | Dearborn County | 9 | $799K | 0.7% | 8 | +1 |
| 31 | Montgomery County | 8 | $2.2M | 0.6% | 3 | +5 |
| 32 | Steuben County | 7 | $3.5M | 0.5% | 11 | -4 |
| 33 | Whitley County | 7 | $2.4M | 0.5% | 5 | +2 |
| 34 | Jackson County | 7 | $4.3M | 0.5% | 0 | new |
| 35 | Carroll County | 6 | $1.4M | 0.4% | 1 | +5 |
| 36 | Grant County | 6 | $6.3M | 0.4% | 0 | new |
| 37 | Dubois County | 6 | $1.7M | 0.4% | 4 | +2 |
| 38 | Lawrence County | 6 | $4.3M | 0.4% | 6 | 0 |
| 39 | Jefferson County | 6 | $5.9M | 0.4% | 2 | +4 |
| 40 | Daviess County | 5 | $3.0M | 0.4% | 6 | -1 |
The 40 counties with the most approvals; every county is on the Indiana page.
FY2025 against FY2024
| Indiana | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 1,239 | 1,321 |
| 7(a) dollars | $565M | $588M |
| Median 7(a) approval | $150K | $143K |
| 504 approvals | 129 | 104 |
| 504 dollars | $131M | $113M |
| Jobs supported, as reported | 12,673 | 13,794 |
Questions and answers
Which lenders made the most SBA loans in Indiana in FY2025?
The Huntington National Bank (244), Northeast Bank (95), 1st Source Bank (68), First Merchants Bank (57), Indiana Statewide Certified Development Corporation (51). 129 lenders had at least one approval.
How many SBA loans were approved in Indiana in FY2025?
1,368: 1,239 under 7(a) worth $565M and 129 under 504 worth $131M.
Which Indiana counties had the most SBA approvals in FY2025?
Marion County (249), Hamilton County (199), Lake County (101), Allen County (74), Johnson County (64).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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