GoSBA’s 50 Best Indianapolis SBA Lenders In 2020

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 2020, 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 1,021 businesses valued at $386.8 million for the FY of 2019.

 

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 strictest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in Indianapolis. Applicants that apply for an 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 2020.

 

RANK BANK LOANS FUNDED VOLUME FUNDED ($)
1 The Huntington National Bank 236 $47,193,500
2 KeyBank National Association 55 $31,360,700
3 Live Oak Banking Company 19 $24,243,000
4 Byline Bank 13 $21,198,000
5 First Internet Bank of Indiana 7 $11,795,000
6 Wells Fargo Bank, National Association 12 $10,683,900
7 First Colorado National Bank 9 $10,500,100
8 Bank of George 4 $10,362,000
9 1st Source Bank 91 $9,019,300
10 Old National Bank 12 $8,510,700
11 JPMorgan Chase Bank, National Association 25 $8,240,100
12 Celtic Bank Corporation 12 $7,999,400
13 First Financial Bank 22 $7,462,500
14 First Merchants Bank 46 $7,172,600
15 United Midwest Savings Bank, National Association 14 $6,890,000
16 Regions Bank 6 $6,695,700
17 Fifth Third Bank 27 $6,233,200
18 Newtek Small Business Finance, Inc. 10 $6,027,300
19 Centier Bank 28 $6,015,200
20 First Western SBLC, Inc 2 $5,595,000
21 Legence Bank 12 $5,073,000
22 Home Loan Investment Bank, F.S.B. 2 $4,880,000
23 Citizens State Bank of New Castle 13 $4,872,000
24 Readycap Lending, LLC 2 $4,689,000
25 First Home Bank 21 $4,405,000
26 German American Bank 23 $4,404,000
27 Village Bank and Trust 2 $4,350,000
28 First State Bank of Middlebury 5 $4,155,500
29 First Federal Savings Bank 14 $4,068,400
30 Farmers State Bank of Alto Pass, Illinois 3 $3,880,000
31 First Savings Bank 5 $3,677,300
32 BMO Harris Bank National Association 2 $3,383,400
33 Patriot Bank, National Association 2 $3,300,000
34 Stock Yards Bank & Trust Company 6 $3,233,000
35 IncredibleBank 5 $3,230,100
36 The Riddell National Bank 4 $3,163,000
37 Independence Bank 22 $3,125,000
38 Lake City Bank 26 $3,017,300
39 Millennium Bank 2 $3,003,000
40 The State Bank and Trust Company 6 $2,877,000
41 PromiseOne Bank 3 $2,780,000
42 Flagship Enterprise Center, Inc. (dba Bankable) 20 $2,722,600
43 Poppy Bank 2 $2,690,800
44 Horizon Bank 10 $2,647,400
45 Ameris Bank 3 $2,380,100
46 State Bank of Lizton 6 $2,373,000
47 Centerstone SBA Lending, Inc. 1 $2,320,000
48 U.S. Bank, National Association 18 $2,116,100
49 First Bank 3 $2,070,800
50 FinWise Bank 2 $2,050,000

Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in Indianapolis.

Ishan Jetley

Ishan Jetley is the founder and managing director of GoSBALoans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in SBA working capital, inventory and commercial property loans.

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