SBA by industry · IN
SBA lenders for restaurants in Indiana
82 lenders made 373 SBA loans to restaurants in Indiana in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 69. The typical loan was about $280K.
- Evidence
- SBA 7(a) and 504 loans to restaurants in Indiana, NAICS 722
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 82
- SBA FOIA,
- SBA loans, 36 months
- 373
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $180M
- SBA FOIA,
- Last 12 months
- 107
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for restaurants in Indiana, https://lender.report/sba-lenders-for/restaurants/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 | 69 | $15.5M | 69 | 0 | 14 |
| 1st Source Bank SBA 7(a) record | Bank | South Bend, IN | 19 | $5.56M | 17 | 2 | 6 |
| Centier Bank SBA 7(a) record | Bank | Whiting, IN | 14 | $2.47M | 14 | 0 | 7 |
| Flagship Enterprise Center, Inc. (dba Bankable) SBA 7(a) record | Non-bank | Anderson, IN | 12 | $2.08M | 12 | 0 | 4 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 11 | $7.80M | 10 | 1 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 11 | $1.75M | 11 | 0 | 6 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 10 | $5.42M | 10 | 0 | 4 |
| Lake City Bank SBA 7(a) record | Bank | Warsaw, IN | 9 | $3.75M | 8 | 1 | 4 |
| First Merchants Bank SBA 7(a) record | Bank | Muncie, IN | 8 | $4.80M | 7 | 1 | 1 |
| The State Bank and Trust Company SBA 7(a) record | Bank | Defiance, OH | 8 | $4.04M | 8 | 0 | 1 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 8 | $3.77M | 8 | 0 | 3 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 8 | $2.48M | 8 | 0 | 4 |
| First Internet Bank of Indiana SBA 7(a) record | Bank | Fishers, IN | 7 | $9.13M | 5 | 2 | 1 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 7 | $4.56M | 7 | 0 | 0 |
| Heritage Credit Union SBA 7(a) record | Credit union | Newburgh, IN | 7 | $1.52M | 7 | 0 | 3 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 7 | $1.39M | 7 | 0 | 2 |
| First Bank of the Lake SBA 7(a) record | Bank | Osage Beach, MO | 6 | $13.2M | 6 | 0 | 2 |
| Stock Yards Bank & Trust Company SBA 7(a) record | Bank | Louisville, KY | 6 | $4.82M | 6 | 0 | 3 |
| Everwise Credit Union SBA 7(a) record | Credit union | South Bend, IN | 5 | $5.00M | 4 | 1 | 2 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 5 | $3.42M | 5 | 0 | 0 |
| United Community Bank SBA 7(a) record | Bank | Greenville, SC | 5 | $3.27M | 5 | 0 | 2 |
| Merchants Bank of Indiana SBA 7(a) record | Bank | Carmel, IN | 5 | $2.79M | 5 | 0 | 2 |
| Citizens State Bank of New Castle, Indiana SBA 7(a) record | Bank | New Castle, IN | 5 | $1.68M | 5 | 0 | 2 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 4 | $5.47M | 4 | 0 | 1 |
| Byline Bank SBA 7(a) record | Bank | Chicago, IL | 4 | $2.99M | 4 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Full-Service Restaurants | 144 |
| Limited-Service Restaurants | 136 |
| Snack and Nonalcoholic Beverage Bars | 46 |
| Mobile Food Services | 16 |
| Drinking Places (Alcoholic Beverages) | 14 |
| Caterers | 10 |
| Food Service Contractors | 6 |
| Cafeterias, Grill Buffets, and Buffets | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 119 |
| $150K to $350K | 90 |
| $350K to $1M | 110 |
| $1M to $2.5M | 38 |
| $2.5M or more | 8 |
- SBA lenders recorded 373 loans to restaurants totaling $180.1M in Indiana in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $280K, with the middle half between $74K and $540K. SBA FOIA,
- 343 were SBA 7(a) loans and 22 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.75% on 343 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 320 of the loans, credit unions 21, and non-banks 24. SBA FOIA,
- The five most active lenders made 33.5% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 69, 1st Source Bank with 19, and Centier Bank with 14. SBA FOIA,
- 119 of the loans were under $150K, and 46 were $1M or more. SBA FOIA,
- 8 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 107 approvals of these loans dated in the 12 months to September 30, 2026, versus 115 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 35 of the 82 lenders are based in Indiana. The rest are based elsewhere, most often in Ohio, Illinois and California. SBA FOIA,
- The most common detailed industry in Indiana was Full-Service Restaurants, with 144 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to restaurants 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 722.
- 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.