Best Indianapolis, IN SBA Lenders & Rates of 2026

Compare 46 SBA lenders in Indianapolis, IN. $88.2M funded across 198 businesses. Average rate 9.95%. Get matched free.

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Best Indianapolis, IN SBA Lenders & Rates of 2026

$88.2M
Total Funded

198
Loans Approved

$445K
Avg Loan Size

9.95%
Avg Interest Rate

46
Active Lenders

SBA Loans in Indianapolis, IN

Indianapolis, IN businesses received $88.2M in SBA 7(a) loan approvals across 198 businesses in 2025. With 46 active SBA lenders competing for business in Indianapolis, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Indianapolis is $445K, with rates averaging 9.95%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Indianapolis SBA Loans by Business Type

🚀 Startups
28%
$25.1M • 55 loans

🏢 Existing Businesses
60%
$38.5M • 118 loans

🔄 Acquisitions
13%
$24.6M • 25 loans

Top SBA Lenders in Indianapolis, IN (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Indianapolis businesses:

RankLenderVolumeLoansAvg Rate
1 The Huntington National Bank$16.6M679.64%
2 Northwest Bank$10.0M29.00%
3 KeyBank National Association$8.7M69.38%
4 First Internet Bank of Indiana$7.3M69.83%
5 Newtek Bank, National Association$6.2M1011.07%
6 Shoreham Bank$5.5M310.00%
7 Old National Bank$3.7M68.51%
8 Live Oak Banking Company$3.0M39.97%
9 Celtic Bank Corporation$3.0M710.14%
10 STAR Financial Bank$2.6M77.97%
11 Readycap Lending, LLC$2.2M811.94%
12 U.S. Bank, National Association$2.0M410.06%
13 Northeast Bank$1.9M1111.25%
14 The Farmers Bank, Frankfort, Indiana$1.6M38.00%
15 First Bank of the Lake$1.4M49.94%
16 Enterprise Bank & Trust$1.2M18.50%
17 Stock Yards Bank & Trust Company$1.2M37.42%
18 Centra Credit Union$1.2M18.75%
19 Merchants Bank of Indiana$980K39.50%
20 Byline Bank$810K110.25%
21 Citizens State Bank of New Castle$684K29.63%
22 Flagship Enterprise Center, Inc. (dba Bankable)$675K411.56%
23 PNC Bank, National Association$600K18.69%
24 First Financial Bank, National Association$500K18.50%
25 Vista National Bank and Trust$500K12.75%
26 Community First Bank of Indiana$443K29.50%
27 JPMorgan Chase Bank, National Association$361K210.93%
28 First Merchants Bank$350K511.50%
29 Midwest Regional Bank$327K110.25%
30 Everwise Credit Union$303K110.50%
31 United Midwest Savings Bank National Association$275K210.25%
32 Grasshopper Bank National Association$250K113.50%
33 Magnifi Financial CU$223K110.25%
34 1st Source Bank$200K110.00%
35 Regions Bank$169K18.50%
36 Financial Center First CU$160K210.00%
37 Centier Bank$152K29.38%
38 BayFirst National Bank$150K112.25%
39 CenTrust Bank, A Division of SmartBiz Bank National Associat$150K111.50%
40 Fifth Third Bank$143K311.97%
41 First Harrison Bank$100K19.50%
42 State Bank$75K19.50%
43 Stone Bank$75K110.50%
44 Lake City Bank$50K19.75%
45 CDC Small Business Finance Corp.$35K110.50%
46 Wells Fargo Bank National Association$30K212.50%

Top Industries in Indianapolis

Here are the industries that received the most SBA funding in Indianapolis:

SBA Loans in Indiana

Indianapolis is part of Indiana‘s SBA lending market. For statewide data and more lender options, see our full Indiana SBA Lenders guide.

🤝 Why Use an SBA Broker in Indianapolis?

GoSBA Loans helps Indianapolis businesses access the best SBA lenders:

  • Access 46+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in Indianapolis
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Indianapolis SBA Loan

Our team has helped hundreds of Indianapolis businesses secure SBA financing. Let us match you with the right lender.

Looking for SBA loan help in Indianapolis? GoSBA Loans is a trusted SBA loan broker serving businesses in Indianapolis and across Indiana. Contact our Indianapolis SBA specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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