GoSBA’s 50 Best Indianapolis SBA Lenders In 2024
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 2024, 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 $341,139,200 million in 2018.
One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in Indianapolis include some of the larger banks like Wells Fargo and Chase Bank, as well as some smaller players, including Horizon Bank and Star Financial Bank. Unfortunately, these banks have some of the strongest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in Indianapolis. Applicants that apply for a SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top Indianapolis SBA lenders. Here is our GoSBA’s official ranking for the 50 Best Indiana SBA Lenders In 2024.
| RANK | BANK | LOANS FUNDED | VOLUME FUNDED ($) |
| 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 |
You can use our SBA loan calculator to estimate your payments and total financing costs before applying for an SBA loan.
Monthly SBA Loan Payment*
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Note: Estimated payments, not including taxes and insurance. Actual payments may vary.
Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in Indianapolis.
