SBA by industry · IN
SBA lenders for manufacturers in Indiana
62 lenders made 238 SBA loans to manufacturers in Indiana in the 36 months ending September 30, 2026. 1st Source Bank made the most, with 27. The typical loan was about $250K.
- Evidence
- SBA 7(a) and 504 loans to manufacturers in Indiana, NAICS 31 to 33
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 62
- SBA FOIA,
- SBA loans, 36 months
- 238
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $156M
- SBA FOIA,
- Last 12 months
- 52
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for manufacturers in Indiana, https://lender.report/sba-lenders-for/manufacturing/indiana/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| 1st Source Bank SBA 7(a) record | Bank | South Bend, IN | 27 | $14.9M | 25 | 2 | 5 |
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 25 | $21.2M | 24 | 1 | 6 |
| Centier Bank SBA 7(a) record | Bank | Whiting, IN | 13 | $5.88M | 12 | 1 | 1 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 11 | $6.83M | 11 | 0 | 0 |
| First Merchants Bank SBA 7(a) record | Bank | Muncie, IN | 10 | $4.85M | 7 | 3 | 4 |
| First Internet Bank of Indiana SBA 7(a) record | Bank | Fishers, IN | 9 | $10.9M | 9 | 0 | 1 |
| STAR Financial Bank SBA 7(a) record | Bank | Fort Wayne, IN | 8 | $1.78M | 8 | 0 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 7 | $4.10M | 7 | 0 | 0 |
| First Federal Savings Bank SBA 7(a) record | Bank | Huntington, IN | 7 | $2.07M | 7 | 0 | 2 |
| Heritage Credit Union SBA 7(a) record | Credit union | Newburgh, IN | 7 | $1.58M | 7 | 0 | 0 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 7 | $1.01M | 7 | 0 | 0 |
| First Bank Midwest SBA 7(a) record | Bank | Frankfort, IN | 6 | $1.96M | 6 | 0 | 0 |
| Everwise Credit Union SBA 7(a) record | Credit union | South Bend, IN | 5 | $10.4M | 5 | 0 | 1 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 5 | $6.94M | 5 | 0 | 3 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 5 | $1.02M | 5 | 0 | 3 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 4 | $6.10M | 4 | 0 | 1 |
| Stock Yards Bank & Trust Company SBA 7(a) record | Bank | Louisville, KY | 4 | $2.41M | 4 | 0 | 0 |
| Merchants Bank of Indiana SBA 7(a) record | Bank | Carmel, IN | 4 | $2.12M | 4 | 0 | 0 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 4 | $1.25M | 4 | 0 | 0 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 4 | $650K | 4 | 0 | 0 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 4 | $600K | 4 | 0 | 1 |
| First Financial Bank SBA 7(a) record | Bank | Cincinnati, OH | 3 | $4.76M | 2 | 1 | 0 |
| Lake City Bank SBA 7(a) record | Bank | Warsaw, IN | 3 | $2.40M | 3 | 0 | 0 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 3 | $1.76M | 3 | 0 | 0 |
| Citizens State Bank of New Castle, Indiana SBA 7(a) record | Bank | New Castle, IN | 3 | $310K | 3 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Commercial Screen Printing | 18 |
| Commercial Printing (except Screen and Books) | 17 |
| Retail Bakeries | 14 |
| All Other Miscellaneous Fabricated Metal Product Manufacturing | 9 |
| All Other Plastics Product Manufacturing | 9 |
| Breweries | 8 |
| Sign Manufacturing | 7 |
| All Other Industrial Machinery Manufacturing | 6 |
| Machine Shops | 6 |
| Sporting and Athletic Goods Manufacturing | 6 |
| Loan size | Loans |
|---|---|
| Under $150K | 77 |
| $150K to $350K | 64 |
| $350K to $1M | 55 |
| $1M to $2.5M | 24 |
| $2.5M or more | 18 |
- SBA lenders recorded 238 loans to manufacturers totaling $156.3M in Indiana in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $250K, with the middle half between $100K and $650K. SBA FOIA,
- 221 were SBA 7(a) loans and 17 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.50% on 221 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 215 of the loans, credit unions 15, and non-banks 8. SBA FOIA,
- The five most active lenders made 36.1% of the loans. SBA FOIA,
- The three most active lenders were 1st Source Bank with 27, The Huntington National Bank with 25, and Centier Bank with 13. SBA FOIA,
- 77 of the loans were under $150K, and 42 were $1M or more. SBA FOIA,
- The SBA file shows 52 approvals of these loans dated in the 12 months to September 30, 2026, versus 100 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 28 of the 62 lenders are based in Indiana. The rest are based elsewhere, most often in Illinois, Ohio and North Carolina. SBA FOIA,
- The most common detailed industry in Indiana was Commercial Screen Printing, with 18 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to manufacturers in Indiana
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Indiana, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 31 to 33.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. Lenders that merged or stopped filing are left out.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.