Top SBA Lenders in Indiana for Accommodation & Food Services
4 SBA 7(a) lenders active in Indiana's accommodation & food services sector.
Lenders
15 loans
Total Volume
Median Rate
State avg: Prime + 2.00%
Default Rate
State avg: 1.4%
Top Accommodation & Food Services Lenders in Indiana
Loans
4
Rate
P+2.00%
0.9%
Small Business Administration (SBA) data only — profile coming soon
Rate Distribution (Accommodation & Food Services in Indiana)
All Accommodation & Food Services Lenders in Indiana
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | GBank | 4 | $17.4M | P+1.00% | 0.6% |
| 2 | Centerstone SBA Lending, Inc. | 4 | $5.9M | P+2.00% | 0.9% |
| 3 | Shoreham Bank | 4 | $16.9M | P+1.00% | 0.0% |
| 4 | First Internet Bank of Indiana | 3 | $4.4M | P+2.75% | 1.7% |
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4 SBA 7(a) lenders are active in Indiana's accommodation & food services sector, having originated 15 loans totaling $44.7M. The median rate for accommodation & food services acquisitions in Indiana is Prime + 1.50%, compared to the statewide median of Prime + 2.00%.
The 10-year cumulative default rate for this niche is 0.9%, which is below the state average of 1.4% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in accommodation & food services in Indiana?
4 SBA 7(a) lenders have originated accommodation & food services acquisition loans in Indiana, with a combined 15 loans.
What rate can I expect for a accommodation & food services acquisition in Indiana?
The median rate is Prime + 1.50% (Prime + spread). This compares to a statewide median of Prime + 2.00%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for accommodation & food services SBA loans in Indiana?
The 10-year cumulative default rate is 0.9%, compared to a statewide average of 1.4%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
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.