SBA by industry · IN
SBA lenders for medical practices in Indiana
38 lenders made 182 SBA loans to medical practices in Indiana in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 45. The typical loan was about $100K.
- Evidence
- SBA 7(a) and 504 loans to medical practices in Indiana, NAICS 621, excluding dental
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 38
- SBA FOIA,
- SBA loans, 36 months
- 182
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $63.9M
- SBA FOIA,
- Last 12 months
- 43
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for medical practices in Indiana, https://lender.report/sba-lenders-for/medical-practices/indiana/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 45 | $8.26M | 45 | 0 | 5 |
| Centier Bank SBA 7(a) record | Bank | Whiting, IN | 13 | $3.31M | 13 | 0 | 5 |
| 1st Source Bank SBA 7(a) record | Bank | South Bend, IN | 11 | $4.92M | 11 | 0 | 4 |
| Citizens State Bank of New Castle, Indiana SBA 7(a) record | Bank | New Castle, IN | 8 | $2.15M | 8 | 0 | 0 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 7 | $4.26M | 7 | 0 | 0 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 7 | $399K | 7 | 0 | 2 |
| First Merchants Bank SBA 7(a) record | Bank | Muncie, IN | 6 | $460K | 6 | 0 | 3 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 5 | $585K | 5 | 0 | 0 |
| Heritage Credit Union SBA 7(a) record | Credit union | Newburgh, IN | 4 | $4.77M | 4 | 0 | 2 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 4 | $3.96M | 4 | 0 | 3 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 4 | $1.53M | 4 | 0 | 1 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 4 | $520K | 4 | 0 | 2 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 4 | $256K | 4 | 0 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 3 | $213K | 3 | 0 | 2 |
| Byline Bank SBA 7(a) record | Bank | Chicago, IL | 2 | $970K | 2 | 0 | 0 |
| Regions Bank SBA 7(a) record | Bank | Birmingham, AL | 2 | $660K | 2 | 0 | 2 |
| Three Rivers Credit Union SBA 7(a) record | Credit union | Fort Wayne, IN | 2 | $580K | 2 | 0 | 1 |
| STAR Financial Bank SBA 7(a) record | Bank | Fort Wayne, IN | 2 | $550K | 2 | 0 | 0 |
| First Bank Midwest SBA 7(a) record | Bank | Frankfort, IN | 2 | $440K | 2 | 0 | 0 |
| Community First Bank of Indiana SBA 7(a) record | Bank | Kokomo, IN | 2 | $432K | 2 | 0 | 0 |
| PNC Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 2 | $355K | 2 | 0 | 1 |
| Lake City Bank SBA 7(a) record | Bank | Warsaw, IN | 2 | $220K | 2 | 0 | 2 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 2 | $157K | 2 | 0 | 0 |
| Flagship Enterprise Center, Inc. (dba Bankable) SBA 7(a) record | Non-bank | Anderson, IN | 2 | $150K | 2 | 0 | 1 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 2 | $125K | 2 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Home Health Care Services | 41 |
| Offices of Mental Health Practitioners (except Physicians) | 32 |
| Offices of Physical, Occupational and Speech Therapists, and Audiologists | 27 |
| Offices of Chiropractors | 24 |
| Offices of All Other Miscellaneous Health Practitioners | 17 |
| Offices of Physicians (except Mental Health Specialists) | 16 |
| Offices of Physicians, Mental Health Specialists | 9 |
| Offices of Optometrists | 4 |
| Outpatient Mental Health and Substance Abuse Centers | 4 |
| Offices of Podiatrists | 2 |
| Loan size | Loans |
|---|---|
| Under $150K | 90 |
| $150K to $350K | 41 |
| $350K to $1M | 20 |
| $1M to $2.5M | 5 |
| $2.5M or more | 4 |
- SBA lenders recorded 182 loans to medical practices totaling $63.9M in Indiana in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $100K, with the middle half between $50K and $300K. SBA FOIA,
- 158 were SBA 7(a) loans and 2 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.25% on 158 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 144 of the loans, credit unions 6, and non-banks 10. SBA FOIA,
- The five most active lenders made 46.2% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 45, Centier Bank with 13, and 1st Source Bank with 11. SBA FOIA,
- 90 of the loans were under $150K, and 9 were $1M or more. SBA FOIA,
- 22 of these loans were made by lenders that have since merged or closed, that the file lists under a name with no lender record here, or that the loan tape shows only at a broader industry level. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 43 approvals of these loans dated in the 12 months to September 30, 2026, versus 48 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 17 of the 38 lenders are based in Indiana. The rest are based elsewhere, most often in Ohio, Florida and Kentucky. SBA FOIA,
- The most common detailed industry in Indiana was Home Health Care Services, with 41 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to medical practices 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 621, excluding dental.
- 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.