Westfield · Carmel · Fishers · Noblesville · Indianapolis
SBA Lenders in the Indianapolis MSA
PeerSense is a commercial lending advisory firm headquartered in Westfield, Indiana, inside the Indianapolis MSA. We match Indianapolis-area borrowers to the right SBA, CMBS, DSCR, and bridge lender.
Who are the best SBA lenders for an Indianapolis-area business?
PeerSense (Westfield IN) tracks 20 Indiana-HQ SBA lenders plus 8+ out-of-state lenders actively funding Indiana borrowers. By Indiana SBA volume, the top Indianapolis-area choices are Old National Bank, First Internet Bank of Indiana, First Savings Bank. The right lender depends on industry, loan size, and credit-box fit, we match each deal in one business day.
, PeerSense Capital Advisory · Westfield, IN 46074 · (317) 452-6990 · Updated July 17, 2026
Sources: SBA 7(a) & 504 Loan Data, FDIC BankFind
Service Area, Indianapolis Metro
PeerSense serves businesses across the Indianapolis MSA, Hamilton, Marion, Hendricks, Boone, and Johnson counties.
Top Indianapolis-Area SBA Lenders
Indiana-headquartered banks ranked by total SBA volume. Most have Indianapolis MSA branch presence and approve Hamilton, Marion, Hendricks, Boone, and Johnson County deals.
Old National Bank
8,155 SBA loans · $3.3B total volume
First Internet Bank of Indiana
2,006 SBA loans · $2.5B total volume
First Savings Bank
1,651 SBA loans · $1.1B total volume
Merchants Bank of Indiana
486 SBA loans · $523.5M total volume
First Merchants Bank
1,535 SBA loans · $512.8M total volume
United Fidelity Bank, FSB
1,310 SBA loans · $420.5M total volume
1st Source Bank
2,786 SBA loans · $396.2M total volume
Horizon Bank
1,241 SBA loans · $371.9M total volume
German American Bank
1,236 SBA loans · $335.2M total volume
Everwise Credit Union
121 SBA loans · $241.1M total volume
First Federal Savings Bank
357 SBA loans · $194.6M total volume
Centier Bank
843 SBA loans · $170.4M total volume
STAR Financial Bank
931 SBA loans · $141.8M total volume
First Financial Bank, National Association
433 SBA loans · $140.2M total volume
First Farmers Bank & Trust Co.
207 SBA loans · $127.0M total volume
Lake City Bank
392 SBA loans · $98.5M total volume
Community First Bank of Indiana
198 SBA loans · $90.5M total volume
State Bank
285 SBA loans · $78.6M total volume
The Farmers Bank, Frankfort, Indiana
200 SBA loans · $64.0M total volume
Citizens State Bank of New Castle
181 SBA loans · $55.5M total volume
National SBA Lenders Funding Indianapolis-Area Deals
These out-of-state SBA preferred lenders actively fund Indiana borrowers, frequently with faster underwriting and broader credit-box flexibility than local-only banks. Ranked by Indiana-specific SBA volume.
GBank
HQ NV · 60 IN loans · $170.6M IN volume
Millennium Bank
HQ IL · 39 IN loans · $89.9M IN volume
Byline Bank
HQ IL · 68 IN loans · $75.5M IN volume
KeyBank National Association
HQ OH · 118 IN loans · $48.1M IN volume
First Financial Bank
HQ OH · 89 IN loans · $28.6M IN volume
Fifth Third Bank
HQ OH · 90 IN loans · $20.5M IN volume
Northbrook Bank & Trust Company, National Association
HQ IL · 22 IN loans · $15.7M IN volume
Farmers State Bank of Alto Pass, Illinois
HQ IL · 7 IN loans · $14.6M IN volume
Westfield IN Capital Advisor, Local to Indianapolis
PeerSense · Westfield, IN 46074 · (317) 452-6990 · info@peersense.com
Office hours Monday–Friday, 9 AM – 5 PM ET. Free initial consultation. Lender-paid referral fee at closing.
Other Capital Programs for Indianapolis Borrowers
PeerSense covers the full commercial capital stack, beyond SBA. CMBS, DSCR, bridge, mezzanine, equipment, and private credit.
CMBS Conduit
5.60–7.10%10-yr non-recourse fixed, $5M–$500M+, fully assumable
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive. Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Mezzanine Debt
11.00–18.00%Subordinate to senior, $1M–$50M, capital stack fill
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting