SBA Express lending in Indiana: what SBA's data shows
Lenders made 566 SBA Express loans to Indiana businesses in FY2025 and FY2026 through June 30, 2026, worth $68.9 million. The median loan was $75,000, against $50,000 nationally, and 83.9% were lines of credit. Volume fell 30% from FY2024 (503 loans) to FY2025 (352).
In that window, 61 lenders made at least one SBA Express loan in Indiana. 62% of loans went to businesses more than two years old, and 42 financed a change of ownership. The most common industries were residential remodelers (20), all other specialty trade contractors (18), landscaping services (17).
| Top lenders in Indiana | Loans |
|---|---|
| The Huntington National Bank | 116 |
| First Merchants Bank | 61 |
| 1st Source Bank | 47 |
| Centier Bank | 25 |
| JPMorgan Chase Bank | 24 |
Source: SBA 7(a) FOIA loan-level data, as of June 30, 2026. Loans SBA approved and later cancelled are excluded. Fiscal years run October through September. Window: FY2025 and FY2026 through June 30, 2026.
See how Indiana compares on SBA Express loan statistics, or browse all SBA Express lenders.
Indiana Small Business
Small businesses are an integral part of Indiana's economy. Small Business Administration statistics, as published in the SBA Office of Advocacy state profiles, show that there are around 504,377 small businesses in Indiana, making up roughly 99.4% of all Indiana-based businesses!
With a workforce of no less than 1.2 million employees, small businesses thrive in the Hoosier State.
SBA Express loans are made by private lenders. The data above shows which lenders actually made them to Indiana businesses. If you would rather not apply lender by lender, tell us what your business needs: we route your inquiry to SBA lending partners and the lender makes the credit decision.
Compare SBA Express options in Indiana
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