The U.S. Small Business Administration (SBA) Indiana District Office serves over 90 counties which have a combined population base of nearly 6.6 million residents. This service area is the primary industrial, commercial and transportation for the Midwest, thus attracting many small business entrepreneurs. Indianapolis possesses a diverse and prosperous economic base with tourism and hotel industry, manufacturing, retail, and trade.

 

Finding the best and cheapest business loans has always been a hassle, so we make it easier by comparing all the best SBA lenders in Indianapolis for you. After reading our analysis, please click apply now and we will able to match you with the best SBA loan providers in Indianapolis.

 

GoSBA Loans is proud to announce the 2018, top 50 SBA banks providing SBA loans in Indiana. As one of the top 10 cities for small business entrepreneurs, Indiana’s SBA loan providers financed 1,012 businesses valued at $341,139,200 million in 2018.

 

One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in Indianapolis include some of the larger banks like Wells Fargo and Chase Bank, as well as some smaller players, including Horizon Bank and Star Financial Bank. Unfortunately, these banks have some of the strongest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in Indianapolis. Applicants that apply for a SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top Indianapolis SBA lenders. Here is our GoSBA’s official ranking for the 50 Best Indiana SBA Lenders In 2018.

 

RANK	BANK	LOANS FUNDED	VOLUME FUNDED ($)
1	The Huntington National Bank [Oh]	301	43,524,100
2	1st Source Bank	119	15,955,700
3	Chase Bank [De]	49	11,167,000
4	Keybank [Oh]	40	26,617,600
5	Lake City Bank	39	6,844,600
6	First Financial Bank [Oh]	37	9,713,000
7	Centier Bank	31	3,041,700
8	Independence Bank [Ri]	27	3,225,000
9	Old National Bank	23	19,209,700
10	Celtic Bank [Ut]	18	7,066,300
11	Farmers Bank, Frankfort	17	2,799,300
12	Wells Fargo Bank [Sd]	16	8,089,200
13	German American Bank	16	3,605,900
14	Bankable	15	1,935,500
15	Live Oak Banking Co. [Nc]	13	18,790,000
16	Byline Bank [Il]	13	16,978,000
17	Fifth Third Bank [Oh]	13	3,266,000
18	First Merchants Bank	13	2,734,700
19	U.S. Bank [Oh]	13	1,393,500
20	First Colorado National Bank [Co]	12	21,702,000
21	Pnc Bank [De]	12	2,647,200
22	Horizon Bank	10	3,533,200
23	First Federal Sav. Bank (Huntington)	10	2,380,000
24	First Federal Sav. Bank (Evansville)	10	670,200
25	Star Financial Bank	9	3,063,000
26	United Midwest Savings Bank [Oh]	8	6,282,000
27	Stearns Bank [Mn]	8	3,260,700
28	First Home Bank [Fl]	7	6,065,000
29	Bank Of George [Nv]	6	15,789,000
30	First Bank [Nc]	6	10,900,100
31	Newtek Small Bus. Finance [Ny]	6	4,154,000
32	Legence Bank [Il]	6	2,540,000
33	The Riddell National Bank	6	1,534,000
34	Citizens State Bank	6	1,520,000
35	Merchants Bank Of Indiana	6	1,261,500
36	State Bank Of Lizton	6	1,248,000
37	Salin Bank & Trust Co.	6	948,800
38	First Western Sblc [Tx]	5	15,179,000
39	First Savings Bank	5	5,492,400
40	Republic Bank & Trust Co. [Ky]	5	1,467,000
41	Peoples Bank Sb	5	1,288,000
42	Five Star Bank [Ca]	5	1,240,000
43	Mutualbank	5	1,047,300
44	Stock Yards Bank & Trust Co. [Ky]	5	990,400
45	First National Bank	5	335,500
46	Bippus State Bank	4	6,410,000
47	First State Bank Of Middlebury	4	1,710,000
48	Bmo Harris Bank [Il]	4	1,618,100
49	Crossroads Bank	4	151,000
50	Bank United [Fl]	3	8,755,000