# Small business loans in Avon, IN

**Short answer:** The Huntington National Bank made the most SBA loans in Avon, IN since FY2024, with 24. The median loan was $108,000, and half fell between $46,000 and $275,000. For free help, see the Indiana Small Business Development Center. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/indiana-small-business-loans/avon/
Data as of: 2026-06-30

## Lenders making SBA loans in Avon

The Huntington National Bank alone made 59% of the loans in Avon.

**Lenders with five or more SBA loans in Avon, IN, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/indiana/) | 24 | 58.5% |

Share is the percent of all Avon loans in that period. Each name links to that lender's page for Indiana where one exists.

Avon has one lender with five or more loans since FY2024. Others had fewer, and the Indiana page counts 171 lenders with at least one approved loan statewide.

## Local help near Avon

Avon borrowers can start with SBA's district office for Indiana, an SBDC or SCORE.

SBA has one district office for Indiana. Its page points to state and federal resources and to lenders in the area. The Indiana Small Business Development Center gives free counseling across Indiana.

- [SBA Indiana District Office (Indianapolis): SBA district office](https://www.sba.gov/district/indiana)
- [Indiana Small Business Development Center: Small Business Development Center](https://isbdc.org/)
- [SCORE mentors in Indiana: Business mentoring](https://www.score.org/in/)

Alongside SBA loans, Indiana runs a loan program. The [Indiana page](https://www.sbaexpress.loans/indiana-small-business-loans/#loan-programs-in-indiana) describes it, and the official page is linked here.

- [Legend Fund](https://www.iedc.in.gov/ssbci/start-today)

## Loan counts and sizes in Avon

Avon ranks 8th by loans since FY2024 among the 10 Indiana cities with 100 or more SBA loans since FY2020. Nationally it is the 562nd busiest of the 580 cities that reach 100 loans.

The 41 loans, 1.4% of the 2,869 in Indiana, were approved for $8.6 million in all. The median loan was $108,000, 28% below the national median of $150,300. Half of the loans fell between $46,000 and $275,000. The Avon median is 28% below the Indiana median of $150,000.

**Avon, IN compared with Indiana and the nation, loans from FY2024 to June 2026**

| Measure | Avon | Indiana | U.S. |
| --- | --- | --- | --- |
| Loans | 41 | 2,869 | 162,355 |
| Median loan | $108,000 | $150,000 | $150,300 |
| 25th percentile | $46,000 | $50,000 | $50,000 |
| 75th percentile | $275,000 | $406,200 | $500,000 |
| Via SBA Express | 36.6% | 37.3% | 35.8% |
| Lines of credit | 34.1% | 31.3% | 28.1% |
| Startups | 34.1% | 18.6% | 16.1% |
| Ownership changes | 0.0% | 12.1% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.0 | 2.25 | 2.75 |
| Charged off | 0.0% | 2.0% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

36.6% of all loans went through SBA Express, close to the national 35.8%. Lines of credit were 34.1% of loans, above the national 28.1%.

SBA loans in Avon, IN by size, FY2024 to June 2026

- $50,000 or less (34%): 14
- $50,001 to $150,000 (32%): 13
- $150,001 to $350,000 (17%): 7
- $350,001 to $500,000: Fewer than 5
- $500,001 to $1,000,000: Fewer than 5
- $1,000,001 to $2,000,000: Fewer than 5
- Over $2,000,000 (0%): 0

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

SBA loans in Avon, IN by fiscal year

- FY2020: 9
- FY2021: 11
- FY2022: 24
- FY2023: 19
- FY2024: 25
- FY2025: 10
- FY2026 (through June 30): 6

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume fell 60% from FY2024 (25 loans) to FY2025 (10), the two latest full years. The busiest full year in the file was FY2024, with 25 loans. FY2026 already shows 6 loans through June 30.

Of the 44 loans Avon borrowers received in FY2020 to FY2022, 0.0% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 393 jobs supported across the 41 loans since FY2024, about 9.6 per loan. SBA does not audit these estimates.

## What businesses in Avon borrow for

General Freight Trucking, Long-Distance, Truckload was the largest borrower group in Avon, with 9 loans or 22.0% of the total.

**Industries with the most SBA loans in Avon, IN, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [General Freight Trucking, Long-Distance, Truckload](https://www.sbaexpress.loans/industries/general-freight-trucking-long-distance-truckload/indiana/) | 9 | 22.0% | 1.3% |
| [Home Health Care Services](https://www.sbaexpress.loans/industries/home-health-care-services/indiana/) | 5 | 12.2% | 1.0% |

Share is the percent of all Avon loans in that period. Industry is the NAICS code on each loan. A name links to the Indiana page for that industry where one exists.

## A typical loan payment in Avon

The median Avon loan was $108,000 with a median term of 10 years.

The median variable-rate loan in Avon was priced at Prime plus 2.0 percentage points at approval. At today's Prime that spread works out to 9.00%. On $108,000 over 10 years, principal and interest would come to about $1,368 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Avon loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $46,000 | $583 |
| Median loan | $108,000 | $1,368 |
| 75th percentile loan | $275,000 | $3,484 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $108,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 4.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Avon loans approved since FY2024 had a median starting rate of 10.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $100,000 loan](https://www.sbaexpress.loans/loan-amounts/100000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Avon

The 504 file lists fewer than five loans in Avon since FY2020.

That is too few to publish a count, a dollar total or a median for Avon.

No Certified Development Company (CDC) is named on five or more 504 loans in Avon, so the list below is Indiana's. Indiana Statewide Certified Development Corporation is named on the most there, 113 loans since FY2024.

**CDCs named on five or more 504 loans in Indiana, FY2024 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Indiana Statewide Certified Development Corporation | 113 |
| Premier Capital Corporation | 70 |
| Regional Development Company | 45 |
| Business Development Corporation (BDC) | 29 |
| Community Development Corporation of Fort Wayne | 28 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Indiana cities near Avon

Avon made up 1.4% of Indiana's SBA loans since FY2024.

Avon is one of 10 Indiana cities with 100 or more SBA loans since FY2020. The [Indiana page](https://www.sbaexpress.loans/indiana-small-business-loans/) covers all 2,869 loans in Indiana. The closest come first, ranked by county and ZIP code on their loans.

- [Greenwood: 70 loans, median $100,000](https://www.sbaexpress.loans/indiana-small-business-loans/greenwood/)
- [Noblesville: 66 loans, median $165,000](https://www.sbaexpress.loans/indiana-small-business-loans/noblesville/)
- [Fishers: 110 loans, median $150,000](https://www.sbaexpress.loans/indiana-small-business-loans/fishers/)
- [Carmel: 113 loans, median $300,000](https://www.sbaexpress.loans/indiana-small-business-loans/carmel/)
- [Indianapolis: 601 loans, median $140,000](https://www.sbaexpress.loans/indiana-small-business-loans/indianapolis/)
- [South Bend: 32 loans, median $254,500](https://www.sbaexpress.loans/indiana-small-business-loans/south-bend/)
- [Fort Wayne: 148 loans, median $175,000](https://www.sbaexpress.loans/indiana-small-business-loans/fort-wayne/)
- [Evansville: 92 loans, median $196,500](https://www.sbaexpress.loans/indiana-small-business-loans/evansville/)

## Common questions about SBA loans in Avon

### Which lenders make the most SBA loans in Avon?

The Huntington National Bank leads with 24 loans in Avon since FY2024. Only lenders with five or more Avon loans are counted.

### Which industries get SBA loans in Avon?

General Freight Trucking, Long-Distance, Truckload leads with 9 loans in Avon since FY2024. Home Health Care Services (5) follows.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Indiana District Office (Indianapolis)](https://www.sba.gov/district/indiana)
- [Indiana Small Business Development Center](https://isbdc.org/)
- [SCORE, Indiana](https://www.score.org/in/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)