Is First Internet Bank of Indiana a good SBA lender?

First Internet Bank of Indiana has funded 2,006 SBA loans totaling $2.5B in volume across 49 states, with an average loan size of $1.3M. The lender's default rate is 741.00%. Whether they are the right fit depends on your deal profile — loan size, industry, geography, and borrower credit. PeerSense matches your specific deal to First Internet Bank of Indiana or one of 897+ alternatives based on closing probability + pricing.

What is the average SBA loan size at First Internet Bank of Indiana?

The average SBA loan size at First Internet Bank of Indiana is $1.3M, with a range from $25K to $5.0M. This profile suggests they are best suited for borrowers seeking larger institutional acquisitions and CRE deals.

What states does First Internet Bank of Indiana lend in?

First Internet Bank of Indiana actively lends across 49 states. Their highest-volume state is Illinois. Other top states include Texas, Indiana, Florida. Borrower geography matters: a lender's state penetration affects underwriting familiarity, valuation comps, and turnaround speed.

Does First Internet Bank of Indiana fund franchise loans?

Yes — First Internet Bank of Indiana has funded SBA franchise loans across multiple brands. Their highest-volume franchise concept is Crumbl, followed by Petland/Safari Stan's, GLO TANNING, CD ONE PRICE CLEANERS. Lender-franchise familiarity matters: lenders that have closed multiple loans for a brand know the FDD inside-out, which speeds underwriting + reduces re-trade risk.

What industries does First Internet Bank of Indiana prefer?

First Internet Bank of Indiana's highest-volume SBA industry by NAICS code is Limited-Service Restaurants. Other active sectors: Personal Care Services, Full-Service Restaurants, Amusement & Recreation. Borrower industry matters: matching your deal to a lender with strong recent volume in your NAICS reduces underwriting friction and improves close-rate odds.

How does PeerSense match deals to First Internet Bank of Indiana?

PeerSense matches your specific SBA deal to First Internet Bank of Indiana based on five factors: deal size vs lender's average + range, your industry vs lender's NAICS history, your state vs lender's geographic penetration, your franchise brand (if applicable) vs lender's brand history, and your credit + experience profile vs lender's known underwriting box. We don't sell leads — we curate fit. No retainer; lender pays referral fee at closing.

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First Internet Bank of Indiana

SBA lender based in Indiana serving 49 states and 68 industries

Quick Answer

First Internet Bank of Indiana has funded 2,006 SBA loans across 49 states and 68 industries. Their average loan size is $1.3M. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against First Internet Bank of Indiana and 897+ alternatives based on closing probability + pricing.

Geographic Reach

49 States

National coverage

Industry Coverage

68 Industries

Diverse lending portfolio

Lending Activity

High Volume

Large Loans focus

Top Lending States

Illinois#1

Texas#2

Indiana#3

Florida#4

Arizona#5

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Industry Focus Areas

Limited-Service Restaurants

NAICS 722

Personal Care Services

NAICS 812

Full-Service Restaurants

NAICS 721

Amusement & Recreation

Why borrowers choose First Internet Bank of Indiana

First Internet Bank of Indiana is best suited for borrowers seeking larger institutional acquisitions, CRE, and equipment-heavy deals, with an average SBA loan of $1.3M. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Illinois. With 2,006 SBA loans funded across 49 states, they are one of a small set of true national SBA lenders. Their portfolio default rate is 741.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against First Internet Bank of Indiana and 897+ alternatives.

Recent SBA Activity at First Internet Bank of Indiana

Franchise lending: First Internet Bank of Indiana has funded SBA loans for multiple franchise concepts, with the highest volume in Crumbl, Petland/Safari Stan's, and GLO TANNING. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.

Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Personal Care Services, and Full-Service Restaurants. Borrowers in these NAICS sectors typically see better terms and faster approvals.

Geographic concentration: Top markets are Illinois, Texas, Indiana, Florida, and Arizona. Lenders typically underwrite faster in states where they already have closing comps.

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Compare First Internet Bank of Indiana to Similar SBA Lenders

Other SBA lenders headquartered in Indiana with similar deal-size profiles. Borrowers should always compare 3–5 lenders before committing.

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207 loans$614K avg6 states

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Everwise Credit Union

121 loans$2.0M avg23 states

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About First Internet Bank of Indiana SBA Lending

First Internet Bank of Indiana is an SBA lender headquartered in Indiana. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.

First Internet Bank of Indiana serves borrowers across 49 states and 68 industry sectors, making it a national SBA lender with broad geographic coverage. To find out whether First Internet Bank of Indiana is a good fit for your specific deal, reach out to PeerSense for a free lender match.

PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.

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