Searching for trusted Indiana SBA lenders to power your business growth? Our comprehensive directory connects Indiana entrepreneurs with approved SBA loan providers throughout Indianapolis, Fort Wayne, Evansville, South Bend and across the state. Whether you’re exploring SBA 7(a) loans, 504 loans, microloans, or disaster assistance, our list features the most active small business lenders with competitive rates and flexible terms for Indiana businesses. Discover which local banks, credit unions, and financial institutions participate in Small Business Administration lending programs, compare their requirements, and find the ideal financing partner to help your Indiana small business thrive in the Hoosier State’s resilient economic landscape.
| Lender name | State | Website |
|---|---|---|
| 1st Source Bank | IN | 1stsource.com |
| Centier Bank | IN | centier.com |
| Citizens State Bank | IN | mycsbin.com |
| Old National Bank | IN | oldnational.com |
| Merchants Bank of Indiana | IN | merchantsbankofindiana.com |
| German American Bank | IN | germanamerican.com |
| STAR Financial Bank | IN | starfinancial.com |
| Lake City Bank | IN | lakecitybank.com |
| Horizon Bank | IN | horizonbank.com |
| Peoples Bank SB | IN | ibankpeoples.com |
| Hendricks Cnty Bank & Trust Co. | IN | hendrickscountybank.com |
| Centra Credit Union | IN | centra.org |
| The Farmers Bank (Frankfort) | IN | thefarmersbank.com |
| Springs Valley Bank & Trust Co. | IN | svbt.bank |
| First Federal Sav. Bank (Evansville) | IN | firstfedevansville.com |
| First Federal Sav. Bank (Huntington) | IN | firstfedindiana.bank |
| North Salem State Bank | IN | nssb.bank |
| First Internet Bank of Indiana | IN | firstib.com |
| Heritage FCU | IN | heritagefederal.org |
| First National Bank | IN | fnb-bank.com |
| First Savings Bank | IN | fsbbank.net |
| First Financial Bank [IN] | IN | bankatfirst.com |
| Community First Bank of Indiana | IN | cfbindiana.com |
| The Riddell National Bank | IN | riddellonline.com |
| Bippus State Bank | IN | bippusbank.com |
| Teachers Credit Union | IN | tcunet.com |
| Owen County State Bank | IN | ocsbank.com |
| Three Rivers FCU | IN | 3riversfcu.org |
| CentreBank | IN | centrebank.net |
| Purdue FCU | IN | purduefed.com |
| First Farmers Bank & Trust | IN | ffbt.com |
| The Napoleon State Bank | IN | napoleonstatebank.com |
| First State Bank of Porter | IN | porterstatebank.com |
| First Merchants Bank | IN | firstmerchants.com |
| First State Bank of Middlebury | IN | bfirst.bank |
| State Bank (Lizton) | IN | statebank1910.bank |
| First Bank Richmond | IN | firstbankrichmond.com |
| The National Bank of Indianapolis | IN | nbofi.com |
| American Community Bank | IN | acbanker.com |
| First Harrison Bank | IN | firstharrison.com |
| Citizens Bank | IN | citizensbank.com |
| Home Bank | IN | homebanksb.com |
| Wayne Bank & Trust Co. | IN | waynebankonline.com |
| Tech Credit Union | IN | techcu.org |
| Alliance Bank | IN | myalliancebank.com |
| Farmers & Merchants Bank (Laotto) | IN | fmfbank.com |
| The Friendship State Bank | IN | friendshipstatebank.com |
| Logansport Savings Bank | IN | logansportsavings.com |
| The Fountain Trust Co. | IN | fountaintrust.com |
| Terre Haute Savings Bank | IN | thsb.com |
| Via Credit Union | IN | viacu.org |
| Tri-County Bank & Trust Co. | IN | tricountybank.net |
| Crossroads Bank | IN | crossroadsbanking.com |
| The Home Natl Bank of Thorntown | IN | thehomenationalbank.com |
| Elberfeld State Bank | IN | heritagefederal.org |
| Regional FCU | IN | regionalfcu.org |
| F C N Bank | IN | fcnbank.com |
| Mutual Savings Bank | IN | mymsb.bank |
| Security Federal Savings Bank | IN | secfed.bank |
| Demotte State Bank | IN | netdsb.com |
| Farmers State Bank (Lagrange) | IN | farmersstatebank.com |
| Freedom Bank | IN | thatsfreedom.bank |
| Jackson County Bank | IN | jcbank.com |
| Mid-Southern Savings Bank | IN | mid-southern.com |
| Peoples Trust & Savings Bank | IN | peoplestrust.bank |
| Business Development Corporation | IN | bdcloan.com |
| Community Development Corporation | IN | cdcnein.org |
| Indiana Statewide CDC | IN | cambridgecapitalmgmt.com |
| Premier Capital Corporation | IN | 504partner.com |
| Regional Development Company | IN | rdc504.org |
| Bankable | IN | bankable.org |
| Brightpoint | IN | mybrightpoint.org |
| Business Ownership Initiative | IN | indychamber.com |
| Bank of America [NC] | NC | bankofamerica.com |
| BMO Harris Bank [IL] | IL | bmoharris.com |
| Byline Bank [IL] | IL | bylinebank.com |
| Chase Bank [NY] | NY | chase.com |
| Fifth Third Bank [OH] | OH | 53.com |
| First Financial Bank [OH] | OH | bankatfirst.com |
| KeyBank [OH] | OH | key.com |
| Live Oak Bank [NC] | NC | liveoakbank.com |
| Newtek [NY] | NY | newtekone.com |
| PNC Bank [PA] | PA | pnc.com |
| Regions Bank [AL] | AL | regions.com |
| Stock Yards Bank & Trust Co. [KY] | KY | syb.com |
| The Huntington National Bank [OH] | OH | huntington.com |
| U.S. Bank [OH] | OH | usbank.com |
| Wells Fargo Bank [SD] | SD | wellsfargo.com |
Frequently Asked Questions
Q: What are SBA loans and how do they work in Indiana?
A: SBA loans are government-backed loans provided through approved lenders in Indiana. The Small Business Administration guarantees a portion of the loan, reducing risk for lenders and allowing them to offer more favorable terms to Indiana small businesses. The lender provides the funds while the SBA guarantees repayment up to a certain percentage, typically 75-85% depending on the program. This structure enables Indiana entrepreneurs to access capital with lower down payments, longer repayment terms, and competitive interest rates compared to conventional business loans.
Q: What types of SBA loans are available to Indiana businesses?
A: Indiana businesses can access various SBA loan programs including:
- SBA 7(a) loans: The most common program for general business purposes with loans up to $5 million
- SBA 504 loans: For major fixed asset purchases like real estate or equipment
- SBA Microloans: Smaller loans up to $50,000 for startups and smaller businesses
- SBA Express loans: Faster approval process with loans up to $500,000
- SBA Disaster loans: Special assistance for businesses affected by declared disasters
Q: What are the minimum requirements to qualify for an SBA loan in Indiana?
A: To qualify for an SBA loan in Indiana, businesses typically need:
- For-profit operation based in Indiana
- Owner-occupied (not primarily for investment)
- Good personal credit (typically 650+ FICO score)
- Sufficient cash flow to support loan payments
- No recent bankruptcies, foreclosures, or defaults on government loans
- Reasonable owner equity investment (typically 10-30% depending on the program)
- Operating history of at least 2 years (though some lenders work with startups)
Q: How do Indiana SBA lenders support advanced manufacturing businesses?
A: Indiana’s strong manufacturing heritage has created specialized SBA lending expertise in this sector. Several Indiana lenders have dedicated manufacturing divisions that understand the unique capital needs for automotive components, medical devices, aerospace parts, and other advanced manufacturing specialties. These lenders often coordinate with organizations like the Indiana Manufacturing Association and Conexus Indiana to provide comprehensive support. Some Indiana SBA lenders offer specialized loan packages for equipment modernization and automation, helping traditional manufacturers transition to Industry 4.0 technologies. The SBA 504 program is particularly popular for manufacturing facilities and equipment-intensive operations, with some Indiana lenders providing specialized terms for brownfield redevelopment and manufacturing technology upgrades that maintain the state’s competitive position in global manufacturing.
Q: Are there special SBA loan programs for Indiana’s agricultural and food production businesses?
A: Yes, Indiana’s agricultural strength has influenced local SBA lending practices. While the SBA doesn’t directly fund primary agricultural production, Indiana SBA lenders support value-added agricultural businesses, food processors, farm equipment suppliers, and agribusiness service providers. These lenders understand the unique aspects of Indiana’s agricultural economy and can structure loans to accommodate seasonal patterns. Several Indiana lenders coordinate with the Indiana State Department of Agriculture and Purdue Extension to help businesses access both financing and technical assistance. Some lenders have developed expertise in financing innovative food businesses and agricultural technology companies that are helping transform Indiana agriculture beyond traditional commodity production into higher-value specialty products and precision farming operations.
Q: How do Indiana SBA lenders help businesses in the life sciences and healthcare sectors?
A: Indiana’s significant life sciences presence has led to specialized lending expertise for healthcare and biomedical businesses. Several Indiana SBA lenders offer industry-specific loan packages designed for medical practices, health IT companies, medical device manufacturers, and healthcare service providers. These lenders understand the regulatory environment and reimbursement models in healthcare and can structure loans accordingly. Some Indiana lenders coordinate with organizations like BioCrossroads and the Indiana Health Industry Forum to provide comprehensive support. These specialized lending programs have helped build Indiana’s reputation as a life sciences hub by supporting the ecosystem of small businesses that complement major players like Eli Lilly, Cook Medical, and Zimmer Biomet, with particular attention to innovative healthcare delivery models serving both urban centers and rural communities.
Q: Can technology and innovation businesses in Indiana access specialized SBA financing?
A: Yes, Indiana’s growing technology ecosystem benefits from specialized SBA lending expertise. Several Indiana lenders have dedicated innovation banking divisions that understand the unique capital needs of software developers, agtech companies, logistics technology firms, and advanced manufacturing innovators. These lenders often coordinate with organizations like TechPoint, the Indiana IoT Lab, and university technology transfer offices to provide comprehensive support. While early-stage startups typically rely on venture capital, SBA loans become viable options as tech companies reach revenue generation and scaling phases. Some Indiana SBA lenders have developed expertise in financing the transition from research to commercialization, particularly in the state’s strength areas of enterprise software, manufacturing technology, and agricultural innovation.
Q: How do Indiana SBA lenders support businesses in rural communities?
A: Indiana’s diverse geography has led to specialized lending approaches for rural businesses. Several Indiana SBA lenders participate in the USDA Rural Development Business & Industry Guarantee program alongside SBA programs to provide enhanced options for rural entrepreneurs. These lenders often coordinate with organizations like the Indiana Small Business Development Center and regional economic development agencies to provide comprehensive support. Some Indiana lenders have developed expertise in financing rural manufacturing, main street retail revitalization, and tourism businesses that are helping diversify rural economies beyond traditional agriculture. These specialized programs align with Indiana’s efforts to strengthen rural communities through entrepreneurship, with particular attention to broadband-enabled businesses that can overcome traditional geographic limitations.
Q: Are there specialized SBA loan programs for Indiana’s transportation and logistics businesses?
A: Yes, Indiana’s position as the “Crossroads of America” has created specialized lending expertise for logistics and transportation companies. Several Indiana lenders offer tailored loan packages for trucking companies, warehousing operations, freight brokers, and logistics technology firms. These lenders understand the capital-intensive nature of transportation businesses and can structure loans to accommodate equipment acquisition and maintenance cycles. The SBA 504 program is particularly popular for logistics facilities and distribution centers. Some Indiana lenders coordinate with organizations like Conexus Indiana and the Ports of Indiana to help businesses capitalize on the state’s strategic location and transportation infrastructure. These specialized programs have supported Indiana’s competitive advantage in logistics by financing the small businesses that keep goods moving through the state’s extensive highway, rail, and waterway networks.
Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:
Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.