Top SBA Acquisition Lenders in Indiana
46 active SBA 7(a) lenders in Indiana, ranked by acquisition loan count.
Lenders
in Indiana
Total Volume
Median Rate
Median Loan Size
Top Lenders in Indiana
Lending by Industry in Indiana
Covers the 51 of 132 Indiana loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Indiana
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | First Internet Bank of Indiana | 14 | $25.3M | P+2.75% | 1.7% |
| 2 | Old National Bank | 10 | $8.4M | P+0.30% | 2.0% |
| 3 | Stock Yards Bank & Trust Company | 7 | $7.3M | P+0.13% | 1.5% |
| 4 | The Huntington National Bank | 7 | $8.1M | P+2.25% | 1.5% |
| 5 | Horizon Bank | 7 | $9.5M | P+0.75% | 0.0% |
| 6 | Citizens Bank | 6 | $16.2M | P+0.00% | 0.0% |
| 7 | Centra Credit Union | 5 | $5.3M | P+0.00% | 0.0% |
| 8 | Owen County State Bank | 5 | $1.2M | P+2.00% | 0.0% |
| 9 | GBank | 4 | $17.4M | P+1.00% | 0.6% |
| 10 | Byline Bank | 4 | $5.4M | P+2.75% | 1.8% |
| 11 | The Farmers Bank, Frankfort, Indiana | 4 | $1.3M | P+1.50% | 0.0% |
| 12 | Northwest Bank | 4 | $20.0M | P+1.50% | 0.0% |
| 13 | Centerstone SBA Lending, Inc. | 4 | $5.9M | P+2.00% | 0.9% |
| 14 | Live Oak Bank | 4 | $10.7M | P+1.50% | 1.3% |
| 15 | Shoreham Bank | 4 | $16.9M | P+1.00% | 0.0% |
| 16 | STAR Financial Bank | 3 | $1.7M | P+0.00% | 0.0% |
| 17 | Citizens State Bank of New Castle | 2 | $4.7M | P+1.63% | 0.0% |
| 18 | Millennium Bank | 2 | $8.0M | P+1.75% | 0.0% |
| 19 | Community First Bank of Indiana | 2 | $2.6M | P+2.00% | 0.0% |
| 20 | GreenWay Bank | 2 | $1.8M | P+2.25% | 0.0% |
| 21 | Dogwood State Bank | 2 | $812K | P+2.75% | 0.0% |
| 22 | Eclipse Bank Inc | 2 | $2.5M | P+2.50% | 0.0% |
| 23 | 1st Source Bank | 2 | $2.8M | P+2.75% | 0.0% |
| 24 | Readycap Lending, LLC | 2 | $1.5M | P+1.50% | 2.8% |
| 25 | First National Bank of Pennsylvania | 2 | $1.8M | P+2.25% | 1.4% |
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Customize your search →SBA 7(a) Lending in Indiana
Indiana has 46 active SBA 7(a) acquisition lenders that have originated a combined 132 loans totaling $214.9M in volume. The median acquisition loan size in Indiana is $1088K, with a median interest rate of Prime + 2.00% (Prime + spread).
When evaluating SBA lenders in Indiana, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Indiana?
There are currently 46 active SBA 7(a) lenders in Indiana based on FOIA lending data. These lenders have originated 132 acquisition loans.
What is the typical SBA loan rate in Indiana?
The median SBA 7(a) acquisition loan rate in Indiana is Prime + 2.00% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.