SBA Lenders in Indiana
24 SBA-approved lenders headquartered in Indiana (IN) plus 10 more that actively fund Indiana borrowers. Tell us about your deal and we'll match you with the right capital source.
Who are the top SBA lenders in Indiana?
PeerSense tracks 24 SBA-approved lenders headquartered in Indiana (IN), plus 10 out-of-state lenders that actively fund Indiana borrowers. Top by Indiana-specific volume: Old National Bank, First Internet Bank of Indiana, First Savings Bank. Indiana HQ lenders have collectively originated $11.0B in SBA volume.
— PeerSense Capital Advisory · Westfield IN · Updated May 16, 2026
Sources: SBA 7(a) & 504 Loan Data, FDIC BankFind
Top SBA Lenders Headquartered in Indiana
Ranked by total SBA loan activity. Click any bank for the full profile, NAICS specialization, and franchise lending history.
| Lender | State | Activity | Profile |
|---|---|---|---|
| Old National Bank | IN | High Volume | View Profile → |
| 1st Source Bank | IN | High Volume | View Profile → |
| First Internet Bank of Indiana | IN | High Volume | View Profile → |
| First Savings Bank | IN | High Volume | View Profile → |
| First Merchants Bank | IN | High Volume | View Profile → |
| United Fidelity Bank, FSB | IN | High Volume | View Profile → |
| Horizon Bank | IN | High Volume | View Profile → |
| German American Bank | IN | High Volume | View Profile → |
| STAR Financial Bank | IN | Active | View Profile → |
| Centier Bank | IN | Active | View Profile → |
| Merchants Bank of Indiana | IN | Active | View Profile → |
| First Financial Bank, National Association | IN | Active | View Profile → |
| Lake City Bank | IN | Active | View Profile → |
| First Federal Savings Bank | IN | Active | View Profile → |
| State Bank | IN | Active | View Profile → |
| First Farmers Bank & Trust Co. | IN | Active | View Profile → |
| The Farmers Bank, Frankfort, Indiana | IN | Active | View Profile → |
| Community First Bank of Indiana | IN | Active | View Profile → |
| Citizens State Bank of New Castle | IN | Active | View Profile → |
| Flagship Enterprise Center, Inc. (dba Bankable) | IN | Active | View Profile → |
Old National Bank
IN1st Source Bank
INFirst Internet Bank of Indiana
INFirst Savings Bank
INFirst Merchants Bank
INUnited Fidelity Bank, FSB
INHorizon Bank
INGerman American Bank
INSTAR Financial Bank
INCentier Bank
INMerchants Bank of Indiana
INFirst Financial Bank, National Association
INLake City Bank
INFirst Federal Savings Bank
INState Bank
INFirst Farmers Bank & Trust Co.
INThe Farmers Bank, Frankfort, Indiana
INCommunity First Bank of Indiana
INCitizens State Bank of New Castle
INFlagship Enterprise Center, Inc. (dba Bankable)
INOut-of-State Lenders Actively Funding Indiana Borrowers
National banks and multi-state regionals frequently fund Indiana deals at competitive rates — often with faster underwriting than local-only banks. Ranked by Indiana-specific SBA volume.
GBank
HQ NV · 60 IN loans · $170.6M IN volume
The Huntington National Bank
HQ OH · 418 IN loans · $112.0M 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
Shoreham Bank
HQ RI · 20 IN loans · $48.0M IN volume
First Financial Bank
HQ OH · 89 IN loans · $28.6M IN volume
OakStar Bank
HQ MO · 29 IN loans · $21.1M 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
Indianapolis Metro Area
SBA Lending in the Indianapolis MSA
PeerSense is headquartered in Westfield, Indiana — inside the Indianapolis Metropolitan Statistical Area. We work directly with SBA lenders, CDCs, and CMBS originators serving Hamilton, Marion, Hendricks, Boone, and Johnson County borrowers.
The Indianapolis MSA hosts roughly $11B in cumulative Indiana SBA volume across 24 HQ lenders — including Old National Bank, 1st Source Bank, and First Internet Bank. National 7(a) preferred lenders (Live Oak, Huntington, Byline, Newtek, Celtic) actively fund Indianapolis-area deals when local pricing or credit-box structure misses.
Looking for an SBA Lender in Indiana?
PeerSense matches your deal with the right capital source from our network of 24+ Indiana lenders and hundreds more nationwide. No retainers — referral fee established upfront and paid at closing.
SBA Lending in Indiana
Indiana is home to 24 SBA-approved lenders that have collectively originated $11.0B in SBA loan volume. These lenders serve businesses across the state through the SBA 7(a) and 504 loan programs, providing financing for acquisitions, commercial real estate, equipment, and working capital.
Whether you're acquiring a business in Indiana, expanding an existing operation, or purchasing commercial property, SBA financing offers competitive terms with government-backed guarantees. PeerSense analyzes each lender's activity, deal preferences, and specializations to help you find the best fit.
How PeerSense Helps Indiana Borrowers
We're a commercial lending advisory firm headquartered in Westfield, Indiana — not a lender. We structure and place deals across SBA, CMBS, private credit, equipment financing, and more. Our team reviews your transaction, identifies the right capital sources, and makes warm introductions to lenders actively funding deals like yours. Most clients receive their first lender introduction within one business day.
Other Capital Programs for Indiana Borrowers
PeerSense covers the full commercial capital stack for Indiana operators — beyond SBA. Compare current rates and structures.
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
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