1st Source Bank
1st Source Bank is the largest locally controlled financial institution headquartered in northern Indiana and southwestern Michigan, managing $8.9 billion in assets. Founded in 1863, the bank serves clients across 19 counties with a mission to help clients achieve security, build wealth, and realize their dreams through personalized banking relationships.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (2 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
1st Source Bank ranks #565 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of 1st Source Bank’s 7(a) acquisition lending falls in the $500K-$1M range: 1 loans, 50.0% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $500K-$1M | 1 | 50.0% | |
| $1M-$2M | 1 | 50.0% |
Industries with highest loan volume
Plumbing, Heating, and Air-Conditioning Contractors
1
loans
$1.4M
avg. amount
Landscaping Services
1
loans
$781K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
1st Source Bank’s median variable rate is + 2.75%, against a market median of Prime + 1.88%, 88 above market.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $500K-$1M | Prime + 2.75% |
| $1M-$2M | Prime + 2.75% |
1st Source Bank has originated 7(a) acquisition loans in 1 states, most actively in Indiana (2). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Indiana | 2 | 100.0% |
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