Indiana’s small businesses looking for SBA loans have a diverse set of lenders to consider, each offering unique strengths. Let’s explore the top 10 SBA lenders in the state, providing insights into what makes each institution distinctive and valuable for potential borrowers:
Indiana Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Columbus, OH | 232 | $199,673 | 6.9% |
| 2 | 1st Source Bank | South Bend, IN | 90 | $155,021 | 6.8% |
| 3 | Centier Bank | Whiting, IN | 60 | $269,163 | 6.3% |
| 4 | Old National Bank | Evansville, IN | 35 | $827,814 | 6.3% |
| 5 | German American | Jasper, IN | 34 | $268,688 | 5.5% |
| 6 | U.S. Bank | Cincinnati, OH | 32 | $78,488 | 6.6% |
| 7 | KeyBank | Cleveland, OH | 26 | $341,942 | 7.7% |
| 8 | Live Oak | Wilmington, NC | 25 | $1,781,280 | 6.8% |
| 9 | Citizens State Bank of New Castle | New Castle, IN | 21 | $138,600 | 7.2% |
| 10 | Fifth Third Bank | Cincinnati, OH | 17 | $552,247 | 6.4% |
| 11 | Merchants Bank of Indiana | Carmel, IN | 17 | $760,424 | 6.9% |
| 12 | Newtek Small Business Finance | Lake Success, NY | 16 | $755,219 | 8.0% |
| 13 | JPMorgan Chase Bank | Columbus, OH | 15 | $299,467 | 7.8% |
| 14 | Lake City Bank | Warsaw, IN | 14 | $543,643 | 6.2% |
| 15 | United Midwest Savings Bank | De Graff, OH | 14 | $624,143 | 6.6% |
| 16 | Bankable | Anderson, IN | 13 | $154,846 | 9.1% |
| 17 | STAR Financial Bank | Fort Wayne, IN | 13 | $363,569 | 6.3% |
| 18 | First Financial Bank | Cincinnati, OH | 12 | $300,642 | 5.3% |
| 19 | BayFirst National Bank | Saint Petersburg, FL | 11 | $162,455 | 7.7% |
| 20 | Home Loan Investment Bank | Warwick, RI | 11 | $2,136,818 | 6.6% |
| 21 | BancorpSouth Bank | Tupelo, MS | 10 | $283,000 | 7.1% |
| 22 | First Federal Savings Bank | Evansville, IN | 10 | $579,400 | 5.3% |
| 23 | Stock Yards Bank & Trust | Louisville, KY | 10 | $519,970 | 5.7% |
| 24 | Community First Bank of Indiana | Kokomo, IN | 9 | $904,600 | 7.3% |
| 25 | Horizon Bank | Michigan City, IN | 9 | $429,622 | 5.5% |
| 26 | PNC Bank | Wilmington, DE | 9 | $215,056 | 6.9% |
| 27 | Readycap Lending, LLC | Berkeley Heights, NJ | 9 | $874,278 | 8.7% |
| 28 | The North Salem State Bank | North Salem, IN | 9 | $311,111 | 5.7% |
| 29 | First Internet Bank of Indiana | Fishers, IN | 8 | $614,000 | 7.4% |
| 30 | Celtic Bank | Salt Lake City, UT | 7 | $402,714 | 7.1% |
| 31 | Teachers CU | South Bend, IN | 6 | $667,467 | 6.7% |
| 32 | The Farmers Bank | Frankfort, IN | 6 | $440,517 | 5.2% |
| 33 | The First National Bank of Carmi | Carmi, IL | 6 | $1,111,483 | 5.9% |
| 34 | Bank of George | Las Vegas, NV | 5 | $2,154,400 | 5.1% |
| 35 | Citizens Bank | Elizabethton, TN | 5 | $598,080 | 7.0% |
| 36 | First Bank of the Lake | Osage Beach, MO | 5 | $1,326,600 | 7.7% |
| 37 | Gbank | Las Vegas, NV | 5 | $2,154,400 | 5.1% |
| 38 | Hendricks County Bank and Trust | Brownsburg, IN | 5 | $339,420 | 6.3% |
| 39 | Heritage FCU | Newburgh, IN | 5 | $56,980 | 8.7% |
| 40 | Millennium Bank | Des Plaines, IL | 5 | $1,692,840 | 6.2% |
1. The Huntington National Bank
The Huntington National Bank, based in Columbus, Ohio, leads the way in Indiana with a regional focus. Facilitating 232 loans, the bank offers an average loan amount of $199,673 at a competitive 6.9% interest rate. With a strong commitment to the Midwest, businesses in Indiana can rely on Huntington for personalized service and substantial lending support.
2. 1st Source Bank
1st Source Bank, located in South Bend, Indiana, secures the second position with a strong local focus. With 90 loans, the bank provides an average loan amount of $155,021 at a 6.8% interest rate. Businesses in Indiana seeking community-oriented financing may find 1st Source Bank to be a reliable partner.
3. Centier Bank
Centier Bank, headquartered in Whiting, Indiana, holds the third spot. With 60 loans, the bank offers an average loan amount of $269,163 at a 6.3% interest rate. Centier Bank caters to businesses in the state, providing a balance between personalized service and competitive financing terms.
4. Old National Bank
Old National Bank, based in Evansville, Indiana, specializes in larger loan amounts. With 35 loans, the bank offers an average loan of $827,814 at a 6.3% interest rate. Old National Bank may be an attractive option for businesses in Indiana seeking substantial financial backing.
5. German American
German American, headquartered in Jasper, Indiana, stands out with a strong regional focus. With 34 loans, the bank provides an average loan amount of $268,688 at an impressively low 5.5% interest rate. German American offers businesses in Indiana a local touch with competitive financing terms.
6. U.S. Bank
U.S. Bank, based in Cincinnati, Ohio, is a national player with a presence in Indiana. With 32 loans, the bank provides an average loan amount of $78,488 at a 6.6% interest rate. U.S. Bank offers businesses in the state access to a broad range of financial services backed by a well-established national institution.
7. KeyBank
KeyBank, headquartered in Cleveland, Ohio, secures the seventh position. With 26 loans, the bank offers an average loan amount of $341,942 at a 7.7% interest rate. KeyBank provides businesses in Indiana with a mix of regional support and substantial lending capabilities.
8. Live Oak
Live Oak, based in Wilmington, North Carolina, distinguishes itself with a focus on larger loan amounts. With 25 loans, the bank provides an average loan of $1,781,280 at a 6.8% interest rate. Live Oak is a strategic choice for businesses in Indiana seeking substantial funding for growth and expansion.
9. Citizens State Bank of New Castle
Citizens State Bank of New Castle, located in New Castle, Indiana, takes the ninth position. With 21 loans, the bank offers an average loan amount of $138,600 at a 7.2% interest rate. Citizens State Bank of New Castle caters to the local community, providing businesses with personalized service and competitive financing terms.
10. Fifth Third Bank
Fifth Third Bank, based in Cincinnati, Ohio, closes the top 10 SBA lenders in Indiana. With 17 loans, the bank offers an average loan amount of $552,247 at a 6.4% interest rate. Fifth Third Bank provides businesses in the state with a mix of regional and national support.
In conclusion, Indiana businesses have a robust selection of SBA lenders, each offering distinct advantages. Whether seeking local community support, substantial national backing, or a mix of both, these top 10 lenders cater to the diverse financial needs of businesses in the Hoosier State.
Top Industries for SBA loans in Indiana
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | General Freight Trucking, Long Distance, Truckload | 69 | $127,119 | 7.1% |
| 2 | Full-Service Restaurants | 55 | $291,525 | 6.5% |
| 3 | Limited-Service Restaurants | 39 | $385,933 | 6.1% |
| 4 | Hotels (except Casino Hotels) and Motels | 33 | $2,068,367 | 5.9% |
| 5 | General Freight Trucking, Local | 30 | $320,667 | 7.2% |
| 6 | Landscaping Services | 24 | $182,767 | 6.9% |
| 7 | Fitness and Recreational Sports Centers | 24 | $378,042 | 6.4% |
| 8 | Plumbing, Heating, and Air-Conditioning Contractors | 23 | $259,626 | 6.4% |
| 9 | Beauty Salons | 23 | $273,239 | 7.1% |
| 10 | Insurance Agencies and Brokerages | 19 | $183,195 | 7.2% |
| 11 | Offices of Chiropractors | 18 | $219,739 | 7.0% |
| 12 | Snack and Nonalcoholic Beverage Bars | 17 | $402,088 | 6.4% |
| 13 | Residential Remodelers | 14 | $85,071 | 6.9% |
| 14 | Commercial and Institutional Building Construction | 12 | $713,158 | 6.7% |
| 15 | Janitorial Services | 10 | $281,170 | 7.5% |
| 16 | Roofing Contractors | 10 | $491,350 | 7.2% |
| 17 | All Other Professional, Scientific, and Technical Services | 9 | $728,322 | 6.9% |
| 18 | Drinking Places (Alcoholic Beverages) | 9 | $389,067 | 6.5% |
| 19 | Sports and Recreation Instruction | 9 | $254,500 | 6.7% |
| 20 | Offices of Mental Health Practitioners (except Physicians) | 9 | $162,333 | 6.6% |
| 21 | Other Personal Care Services | 8 | $217,038 | 6.2% |
| 22 | Child Day Care Services | 8 | $894,988 | 7.1% |
| 23 | All Other Specialty Trade Contractors | 8 | $199,988 | 6.3% |
| 24 | All Other Amusement and Recreation Industries | 8 | $358,913 | 5.9% |
| 25 | General Automotive Repair | 7 | $830,900 | 7.4% |
| 26 | Engineering Services | 7 | $809,671 | 7.8% |
| 27 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 7 | $149,729 | 6.5% |
| 28 | Other Personal and Household Goods Repair and Maintenance | 7 | $158,100 | 7.1% |
| 29 | Machine Shops | 6 | $629,183 | 6.6% |
| 30 | Offices of Certified Public Accountants | 6 | $473,083 | 6.9% |
| 31 | Electrical Contractors | 6 | $497,450 | 7.9% |
| 32 | Funeral Homes and Funeral Services | 6 | $1,518,617 | 5.5% |
| 33 | Services for the Elderly and Persons with Disabilities | 6 | $166,667 | 6.7% |
| 34 | Offices of Dentists | 6 | $1,739,683 | 5.4% |
| 35 | Pet Care (except Veterinary) Services | 6 | $120,450 | 6.3% |
| 36 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 6 | $106,250 | 6.3% |
| 37 | Specialized Freight (except Used Goods) Trucking, Local | 5 | $192,660 | 6.6% |
| 38 | Commercial Gravure Printing | 5 | $329,600 | 7.4% |
| 39 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 5 | $87,980 | 6.9% |
| 40 | Offices of Lawyers | 5 | $299,800 | 7.2% |
Top SBA Loan Franchises in Indiana
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | The UPS Store | 5 | $490,760 | 8.3% |
| 2 | Best Western | 4 | $2,787,500 | 6.6% |
| 3 | Super 8 | 4 | $1,309,125 | 5.4% |
| 4 | Stretch Lab | 3 | $132,367 | 6.3% |
| 5 | Days Inn | 3 | $1,578,000 | 7.0% |
| 6 | SureStay | 3 | $1,899,000 | 6.3% |
| 7 | Smoothie King | 3 | $224,000 | 5.5% |
| 8 | USA Insulation | 3 | $66,667 | 7.3% |
| 9 | Anytime Fitness | 3 | $110,400 | 6.7% |
| 10 | Biggby Coffee | 3 | $361,933 | 7.6% |
| 11 | Fairfield Inn by Marriott | 2 | $4,080,000 | 6.5% |
| 12 | Senior Care Authority | 2 | $150,000 | 6.3% |
| 13 | FASTSIGNS | 2 | $610,250 | 4.9% |
| 14 | Mr. Handyman | 2 | $112,500 | 7.9% |
| 15 | Fit Body Boot Camp | 2 | $130,500 | 5.5% |
| 16 | Biggby Coffee | 2 | $148,400 | 7.3% |
| 17 | The Learning Experience | 2 | $238,000 | 9.0% |
| 18 | Maid Rite | 2 | $150,000 | 6.0% |
| 19 | Seniors Helping Seniors | 2 | $150,000 | 6.0% |
| 20 | Quality Inn | 2 | $2,616,200 | 5.3% |
| 21 | QC Kinetix | 2 | $200,000 | 4.3% |
| 22 | Ziggi’s Coffee | 2 | $1,177,750 | 5.8% |
| 23 | Country Inn & Suites By Carlso | 2 | $2,526,000 | 6.8% |
| 24 | D-BAT | 2 | $613,000 | 6.6% |
| 25 | Baymont Inn & Suites | 2 | $2,170,000 | 1.0% |
| 26 | Snap-on | 2 | $60,000 | 5.7% |
| 27 | Dairy Queen of Mid Ohio Inc. – | 2 | $507,500 | 4.6% |
| 28 | Midas | 2 | $106,000 | 5.0% |
| 29 | Crumbl | 2 | $457,800 | 6.8% |
| 30 | Great Clips | 2 | $1,782,000 | 8.5% |
Top Indiana SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | WATCHMEN SECURITY LLC | Indianapolis, IN | All Other Professional, Scientific, and Technical Services | $1M – $2.5M | 9.8% | 240 |
| 2 | R3 COMPOSITES CORP. | Grabill, IN | Motor Vehicle Metal Stamping | $1M – $2.5M | 6.0% | 179 |
| 3 | FOX GROUP INC | New Albany, IN | Institutional Furniture Manufacturing | $1M – $2.5M | 7.8% | 164 |
| 4 | ZOOMERS RV INC. | Wabash, IN | Recreational Vehicle Dealers | $1M – $2.5M | 7.5% | 132 |
| 5 | NOM NOM COOKIES VALPARAISO LLC | Valparaiso, IN | Baked Goods Stores | $250K – $500K | 4.8% | 122 |
| 6 | GOBRO PROPERTIES LLC | Whiteland, IN | All Other Amusement and Recreation Industries | $250K or less | 4.8% | 120 |
| 7 | HANDLEDNOW LLC | Indianapolis, IN | Employment Placement Agencies | $500K – $1M | 8.3% | 100 |
| 8 | FRAZZINI LLC | Valparaiso, IN | Limited-Service Restaurants | $250K or less | 5.3% | 98 |
| 9 | BEHAVIOR ASSOCIATES OF INDIANA | Muncie, IN | Offices of All Other Miscellaneous Health Practitioners | $1M – $2.5M | 5.3% | 94 |
| 10 | LNR COMPANIES INC. | Noblesville, IN | Other Foundation, Structure, and Building Exterior Contractors | $500K – $1M | 6.0% | 92 |
| 11 | ANGELKARE RESIDENTIAL & COMMUN | Indianapolis, IN | Services for the Elderly and Persons with Disabilities | $250K – $500K | 9.0% | 88 |
| 12 | TRUCK SERVICE INC. | Indianapolis, IN | General Automotive Repair | $500K – $1M | 8.8% | 87 |
| 13 | SENIOR CARE OF NORTHERN INDIAN | Granger, IN | Services for the Elderly and Persons with Disabilities | $250K or less | 6.0% | 84 |
| 14 | CULVER’S OF COLUMBIA CITY | Columbia City, IN | Limited-Service Restaurants | $2.5M – $5M | 4.5% | 81 |
| 15 | C5 HOLDINGS LLC | Kokomo, IN | Full-Service Restaurants | $1M – $2.5M | 5.0% | 80 |
| 16 | FIRESIDE LLC | Sellersburg, IN | Full-Service Restaurants | $250K – $500K | 6.2% | 70 |
| 17 | SHIV CHOCOLATE LLC | Sheridan, IN | Full-Service Restaurants | $500K – $1M | 4.6% | 68 |
| 18 | CLOUD DEFENSIVE LLC | Chandler, IN | $2.5M – $5M | 5.5% | 66 | |
| 19 | SPROUTS COOKING SCHOOL LLC | Zionsville, IN | All Other Miscellaneous Schools and Instruction | $250K or less | 6.0% | 64 |
| 20 | IMPRINT PEDIATRIC THERAPY LLC | Columbus, IN | Offices of Mental Health Practitioners (except Physicians) | $250K – $500K | 5.3% | 64 |
| 21 | KIDWELL ELECTRIC INC. | Indianapolis, IN | Electrical Contractors | $1M – $2.5M | 7.3% | 64 |
| 22 | REMSUND GROUP | Brownsburg, IN | Couriers | $1M – $2.5M | 8.3% | 64 |
| 23 | LAGRANGE FAMILY DENTISTRY | Lagrange, IN | Offices of Dentists | $2.5M – $5M | 4.0% | 63 |
| 24 | GUARANTY RESIDENTIAL SERVICES | Avon, IN | Home Health Care Services | $250K or less | 6.0% | 60 |
| 25 | PEOPLE’S BREWING COMPANY | Lafayette, IN | Other Commercial and Industrial Machinery and Equipment Rental and Lea | $250K or less | 7.0% | 60 |
| 26 | T23 LLC | Fishers, IN | Child Day Care Services | $250K or less | 9.0% | 60 |
| 27 | WOLF COMMERCIAL ROOFING INC. | South Bend, IN | Roofing Contractors | $500K – $1M | 7.1% | 60 |
| 28 | SANA LLC | Fort Wayne, IN | Full-Service Restaurants | $250K – $500K | 6.9% | 58 |
| 29 | GRUBER INDUSTRIES INC. | Lamar, IN | Site Preparation Contractors | $250K – $500K | 5.0% | 56 |
| 30 | WOLF DEN LLC | Indianapolis, IN | Plumbing, Heating, and Air-Conditioning Contractors | $250K – $500K | 6.0% | 56 |
| 31 | CARVER NON-WOVEN TECHNOLOGIES | Fremont, IN | Nonwoven Fabric Mills | $2.5M – $5M | 6.0% | 56 |
| 32 | BARNES HOLDINGS LLC | Valparaiso, IN | Baked Goods Stores | $500K – $1M | 4.8% | 54 |
| 33 | AFFINE HOLDINGS CORPORATION | Fort Wayne, IN | Full-Service Restaurants | $250K or less | 5.3% | 53 |
| 34 | JNJ LLC | Jeffersonville, IN | Snack and Nonalcoholic Beverage Bars | $500K – $1M | 6.0% | 53 |
| 35 | G. A. WATSON ENTERPRISES LLC | Fishers, IN | Full-Service Restaurants | $250K or less | 5.5% | 52 |
| 36 | WESTIN PROPERTIES LLC | Clarksville, IN | Car Washes | $1M – $2.5M | 6.1% | 52 |
| 37 | FIRST GROUP ENGINEERING INC | Indianapolis, IN | Engineering Services | $1M – $2.5M | 7.1% | 52 |
| 38 | AMERICAN OAK PRESERVING COMPAN | North Judson, IN | Flower, Nursery Stock, and Florists’ Supplies Merchant Wholesalers | $250K – $500K | 7.0% | 51 |
| 39 | HARDESTY RESTAURANTS LLC | Evansville, IN | Limited-Service Restaurants | $250K or less | 5.0% | 50 |
| 40 | ALL-PRO DRIVING ACADEMY LLC | Columbus, IN | Automobile Driving Schools | $250K or less | 5.3% | 50 |
| 41 | MONEY ENTERPRISES LLC | New Albany, IN | All Other Plastics Product Manufacturing | $250K or less | 5.3% | 50 |
| 42 | WE CREATE MEDIA LLC | Valparaiso, IN | Marketing Consulting Services | $250K – $500K | 7.5% | 50 |
| 43 | GC SUPPLY LLC | South Bend, IN | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | $250K or less | 5.3% | 49 |
| 44 | HOOSIE HOLDINGS LLC | Sellersburg, IN | Full-Service Restaurants | $250K – $500K | 6.8% | 48 |
| 45 | MW FLOORING LLC | Elkhart, IN | $500K – $1M | 7.9% | 48 | |
| 46 | CERTUS MEDICAL LLC | Indianapolis, IN | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal | $1M – $2.5M | 5.2% | 46 |
| 47 | HICKORY FURNITURE LLC | Mccordsville, IN | Nonupholstered Wood Household Furniture Manufacturing | $1M – $2.5M | 6.1% | 46 |
| 48 | PHIL 413 INC. | Carmel, IN | Fine Arts Schools | $250K – $500K | 7.5% | 45 |
| 49 | SEYVA INC | Indianapolis, IN | Limited-Service Restaurants | $250K or less | 6.0% | 44 |
| 50 | C&L COFFEE 1 LLC | Pendleton, IN | Snack and Nonalcoholic Beverage Bars | $500K – $1M | 5.0% | 44 |
| 51 | IKIO LED LIGHTING LLC | Indianapolis, IN | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip | $1M – $2.5M | 4.4% | 44 |
| 52 | PINNACLE HOLDINGS LLC | Granger, IN | General Freight Trucking, Long Distance, Truckload | $250K or less | 7.5% | 42 |
| 53 | TOP TIER TRUCKING INC. | Avon, IN | General Freight Trucking, Local | $1M – $2.5M | 6.3% | 42 |
| 54 | TWO-YOUNG CONSULTANTS LLC | Newburgh, IN | Administrative Management and General Management Consulting Services | $2.5M – $5M | 6.0% | 42 |
| 55 | GOSHEN RESCARE LLC | Brownsburg, IN | Home Health Care Services | $250K or less | 9.0% | 41 |
| 56 | NEW VINES LLC | New Albany, IN | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | $250K or less | 6.0% | 40 |
| 57 | INDY TURF AND LANDSCAPE LLC | Anderson, IN | Landscaping Services | $250K or less | 7.3% | 40 |
| 58 | JQ INVESTMENTS LLC | Gary, IN | Full-Service Restaurants | $250K – $500K | 7.1% | 40 |
| 59 | C & E RECREATION LLC | Evansville, IN | All Other Amusement and Recreation Industries | $500K – $1M | 7.8% | 40 |
| 60 | FINNEY HOSPITALITY GROUP INC. | Carmel, IN | Offices of Other Holding Companies | $1M – $2.5M | 5.0% | 40 |
| 61 | FINNEY HOSPITALITY GROUP INC. | Indianapolis, IN | Offices of Other Holding Companies | $1M – $2.5M | 5.8% | 40 |
| 62 | MANSOUR BROS LLC | Merrillville, IN | Amusement and Theme Parks | $2.5M – $5M | 6.5% | 39 |
| 63 | FGGSLCP LLC | St John, IN | Fitness and Recreational Sports Centers | $250K or less | 5.9% | 38 |
| 64 | YOUR P D & S AGENT INC | Evansville, IN | Specialized Freight (except Used Goods) Trucking, Local | $500K – $1M | 5.3% | 38 |
| 65 | PROCOAT PROPERTIES LLC | Madison, IN | Metal Coating, Engraving (except Jewelry and Silverware), and Allied S | $500K – $1M | 7.5% | 38 |
| 66 | OFF INSULATION LLC | Argos, IN | Drywall and Insulation Contractors | $250K or less | 6.4% | 36 |
| 67 | TALL TIMBER COFFEE LLC | Ridgeville, IN | Limited-Service Restaurants | $250K or less | 5.7% | 36 |
| 68 | ROGERS REMODELING LLC | Bloomington, IN | Residential Remodelers | $250K or less | 6.0% | 36 |
| 69 | C & P LAWNCARE LLC | Winamac, IN | Landscaping Services | $250K or less | 5.5% | 36 |
| 70 | OUTER RADIANCE LLC | Carmel, IN | Other Personal Care Services | $500K – $1M | 5.3% | 36 |
| 71 | BD BROADRIPPLE LLC | Indianapolis, IN | Drinking Places (Alcoholic Beverages) | $500K – $1M | 5.5% | 36 |
| 72 | GREENLINE ENVIRONMENTAL SOLUTI | Gary, IN | Remediation Services | $1M – $2.5M | 5.0% | 36 |
| 73 | JACOBS 1 LLC | Crown Point, IN | Full-Service Restaurants | $250K – $500K | 5.0% | 35 |
| 74 | HOOSIER CUSTOM PLASTICS LLC | Knox, IN | Plastics Pipe and Pipe Fitting Manufacturing | $250K – $500K | 7.5% | 35 |
| 75 | TEAM L STUDIOS LLC | Carmel, IN | Fitness and Recreational Sports Centers | $250K – $500K | 6.0% | 35 |
| 76 | EUREKA 1896 LLC | Cicero, IN | Full-Service Restaurants | $500K – $1M | 6.3% | 35 |
| 77 | MAX PSI INC | Rushville, IN | Limited-Service Restaurants | $500K – $1M | 7.5% | 35 |
| 78 | INDY BRANDS LLC | Indianapolis, IN | $500K – $1M | 5.8% | 35 | |
| 79 | H & T ELECTRICAL SERVICES LLC | North Judson, IN | Electrical Contractors | $250K or less | 8.3% | 34 |
| 80 | INDIANA BAKE LLC | South Bend, IN | Baked Goods Stores | $250K – $500K | 8.8% | 34 |
| 81 | MOBILE TECH TRAILERS | Bremen, IN | Truck Trailer Manufacturing | $500K – $1M | 8.8% | 34 |
| 82 | R JULIAN FITNESS INC | Indianapolis, IN | Fitness and Recreational Sports Centers | $250K or less | 7.0% | 32 |
| 83 | VIDEO GAME VENTURES LLC | Bloomington, IN | $250K – $500K | 6.3% | 32 | |
| 84 | PRIME TIME NORTH LLC | Evansville, IN | Full-Service Restaurants | $250K – $500K | 5.3% | 32 |
| 85 | MCTROPICAMM LLC | Jeffersonville, IN | Snack and Nonalcoholic Beverage Bars | $250K – $500K | 9.0% | 32 |
| 86 | EAST WEST HELICOPTER INC. | Batesville, IN | Other Support Activities for Air Transportation | $1M – $2.5M | 4.3% | 32 |
| 87 | DAVID WAYNE INC. | Franklin, IN | Industrial Machinery and Equipment Merchant Wholesalers | $2.5M – $5M | 10.0% | 32 |
| 88 | PRIMROSE SCHOOL AT GRAY EAGLE | Fishers, IN | Child Day Care Services | $2.5M – $5M | 5.2% | 32 |
| 89 | THE BEE HIVE L.L.C. | Danville, IN | Full-Service Restaurants | $250K or less | 5.5% | 30 |
| 90 | GRAVITY GARDEN BREWING COMPANY | Newburgh, IN | Drinking Places (Alcoholic Beverages) | $250K or less | 6.8% | 30 |
| 91 | FLANDERS & PETTIJOHN LLC | Noblesville, IN | Full-Service Restaurants | $250K or less | 6.3% | 30 |
| 92 | THE GODDARD SCHOOL BROWNSBURG | Brownsburg, IN | All Other Miscellaneous Schools and Instruction | $1M – $2.5M | 6.5% | 30 |
| 93 | ST. JOHN FITNESS LLC | Saint John, IN | Fitness and Recreational Sports Centers | $1M – $2.5M | 3.3% | 30 |
| 94 | HYDEN OPERATIONS LLC | Fort Wayne, IN | Limited-Service Restaurants | $250K or less | 5.8% | 29 |
| 95 | USA COMFORT CORPS INCORPORATED | Indianapolis, IN | Plumbing, Heating, and Air-Conditioning Contractors | $250K or less | 3.8% | 29 |
| 96 | HENRIOTT GROUP INC. | Lafayette, IN | Insurance Agencies and Brokerages | $500K – $1M | 5.5% | 29 |
| 97 | KROPP FIRE PROTECTION INC | South Bend, IN | All Other Specialty Trade Contractors | $1M – $2.5M | 7.5% | 29 |
| 98 | PERRY FOAM PRODUCTS INC. | Lafayette, IN | Abrasive Product Manufacturing | $1M – $2.5M | 5.3% | 29 |
| 99 | DMM PROPERTIES LLC | Carmel, IN | Educational Support Services | $2.5M – $5M | 6.0% | 29 |
| 100 | ORANGETHEORY FITNESS CLARKSVIL | Clarksville, IN | Fitness and Recreational Sports Centers | $1M – $2.5M | 7.6% | 28 |
Note about SBA lenders near me in Indiana
When it comes to top Indiana SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Indiana preferred lender list, 2) approved lenders in Indiana, or 3) active participants in the Indiana SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Indiana swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Indiana, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.