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.