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41 active SBA 7(a) lenders in Indiana, ranked by loan volume.
Lenders
in Indiana
Total Volume
Median Rate
Median Loan Size
| # | 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 | Horizon Bank | 7 | $9.5M | P+0.75% | 0.0% |
| 4 | The Huntington National Bank | 7 | $8.1M | P+2.25% | 1.5% |
| 5 | Citizens Bank | 6 | $16.2M | P+0.00% | 0.0% |
| 6 | Stock Yards Bank & Trust Company | 5 | $5.0M | P+0.00% | 1.6% |
| 7 | Byline Bank | 4 | $5.4M | P+2.75% | 1.5% |
| 8 | Owen County State Bank | 5 | $1.2M | P+2.00% | 0.0% |
| 9 | Centra Credit Union | 5 | $5.3M | P+0.00% | 0.0% |
| 10 | The Farmers Bank, Frankfort, Indiana | 4 | $1.3M | P+1.50% | 0.0% |
| 11 | Shoreham Bank | 4 | $16.9M | P+1.00% | 0.0% |
| 12 | Centerstone SBA Lending, Inc. | 4 | $5.9M | P+2.00% | 0.9% |
| 13 | GBank | 4 | $17.4M | P+1.00% | 0.6% |
| 14 | Northwest Bank | 4 | $20.0M | P+1.50% | 0.0% |
| 15 | STAR Financial Bank | 3 | $1.7M | P+0.00% | 0.0% |
| 16 | Live Oak Bank | 3 | $8.8M | P+1.50% | 0.8% |
| 17 | GreenWay Bank | 2 | $1.8M | P+2.25% | 0.0% |
| 18 | 1st Source Bank | 2 | $2.8M | P+2.75% | 0.0% |
| 19 | Citizens State Bank of New Castle | 2 | $4.7M | P+1.63% | 0.0% |
| 20 | Dogwood State Bank | 2 | $812K | P+2.75% | 0.0% |
| 21 | Eclipse Bank Inc | 2 | $2.5M | P+2.25% | 0.0% |
| 22 | American Momentum Bank | 2 | $1.8M | P+2.25% | 1.3% |
| 23 | Community First Bank of Indiana | 2 | $2.6M | P+2.00% | 0.0% |
| 24 | Millennium Bank | 2 | $8.0M | P+1.75% | 0.0% |
| 25 | Readycap Lending, LLC | 2 | $1.5M | P+1.50% | 2.8% |
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Customize your search →Indiana has 41 active SBA 7(a) acquisition lenders that have originated a combined 124 loans totaling $206.5M in volume. The median acquisition loan size in Indiana is $1107K, 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.
There are currently 41 active SBA 7(a) lenders in Indiana based on FOIA lending data. These lenders have originated 124 acquisition loans.
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.
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.