Small business loans in Fishers, IN
Short answer
The most active SBA lenders in Fishers, IN since FY2024 are The Huntington National Bank (25 loans) and Citizens State Bank of New Castle (16). The median loan was $150,000, and half fell between $71,000 and $350,000. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 110
- approved since FY2024
- $59.97M
- median loan
- $150,000
- through SBA Express
- 38.2%
Lenders making SBA loans in Fishers
No lender made more than 23% of the loans in Fishers, and The Huntington National Bank made the most. The five largest lenders together made 52%.
| Lender | Loans | Share |
|---|---|---|
| The Huntington National Bank | 25 | 22.7% |
| Citizens State Bank of New Castle | 16 | 14.5% |
| First Merchants Bank | 6 | 5.5% |
| Centier Bank | 5 | 4.5% |
| The Farmers Bank, Frankfort, IndianaCharter ended | 5 | 4.5% |
Share is the percent of all Fishers loans in that period. Each name links to that lender's page for Indiana where one exists.
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Local help near Fishers
Fishers borrowers can start with SBA's district office for Indiana, an SBDC or SCORE.
28% of Fishers borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
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
- Indiana Small Business Development CenterSmall Business Development Center
- SCORE mentors in IndianaBusiness mentoring
Alongside SBA loans, Indiana runs a loan program. The Indiana page describes it, and the official page is linked here.
Loan counts and sizes in Fishers
Fishers ranks 4th by loans since FY2024 among the 10 Indiana cities with 100 or more SBA loans since FY2020. Nationally it is the 186th busiest of the 580 cities that reach 100 loans.
The 110 loans, 3.8% of the 2,869 in Indiana, were approved for $60.0 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $150,000, close to the national median of $150,300. Half of the loans fell between $71,000 and $350,000. The Indiana median is $150,000.
| Measure | Fishers | Indiana | U.S. |
|---|---|---|---|
| Loans | 110 | 2,869 | 162,355 |
| Median loan | $150,000 | $150,000 | $150,300 |
| 25th percentile | $71,000 | $50,000 | $50,000 |
| 75th percentile | $350,000 | $406,200 | $500,000 |
| Via SBA Express | 38.2% | 37.3% | 35.8% |
| Lines of credit | 34.5% | 31.3% | 28.1% |
| Startups | 21.8% | 18.6% | 16.1% |
| Ownership changes | 10.9% | 12.1% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.1 | 2.25 | 2.75 |
| Charged off | 5.1% | 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.
38.2% of all loans went through SBA Express, close to the national 35.8%. Lines of credit were 34.5% of loans, above the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 60.9% of loans went to businesses more than two years old and 6.4% to businesses two years old or younger. Startups received 21.8% and changes of ownership 10.9%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume rose 25% from FY2024 (40 loans) to FY2025 (50), the two latest full years. The busiest full year in the file was FY2025, with 50 loans. FY2026 already shows 20 loans through June 30.
Of the 99 loans Fishers borrowers received in FY2020 to FY2022, 5.1% were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 1,044 jobs supported across the 110 loans since FY2024, about 9.5 per loan. SBA does not audit these estimates.
What businesses in Fishers borrow for
General Freight Trucking, Long-Distance, Truckload was the largest borrower group in Fishers, with 7 loans or 6.4% of the total.
The three largest industries made up 15% of all Fishers loans.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| General Freight Trucking, Long-Distance, Truckload | 7 | 6.4% | 1.3% |
| Limited-Service Restaurants | 5 | 4.5% | 3.3% |
| Residential Remodelers | 5 | 4.5% | 2.3% |
Share is the percent of all Fishers 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 Fishers
The median Fishers loan was $150,000 with a median term of 10 years.
The median variable-rate loan in Fishers was priced at Prime plus 2.1 percentage points at approval. At today's Prime that spread works out to 9.10%. On $150,000 over 10 years, principal and interest would come to about $1,908 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $71,000 | $903 |
| Median loan | $150,000 | $1,908 |
| 75th percentile loan | $350,000 | $4,453 |
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 $150,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.9 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Fishers loans approved since FY2024 had a median starting rate of 10.03% 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 $150,000 loan and SBA Express payment calculator.
SBA 504 loans near Fishers
Fishers has 10 SBA 504 loans since FY2024, with $11.0 million in SBA and CDC dollars.
The median 504 loan in Fishers was $837,500 in SBA and CDC dollars, 17% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Indiana Statewide Certified Development Corporation is the one Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on five or more loans, 13 since FY2020.
| Certified Development Company | 504 loans |
|---|---|
| Indiana Statewide Certified Development Corporation | 13 |
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 capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Indiana cities near Fishers
Fishers made up 3.8% of Indiana's SBA loans since FY2024.
Fishers is one of 10 Indiana cities with 100 or more SBA loans since FY2020. The Indiana page covers all 2,869 loans in Indiana. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Fishers
Which lenders make the most SBA loans in Fishers?
The Huntington National Bank leads with 25 loans in Fishers since FY2024. Citizens State Bank of New Castle (16) and First Merchants Bank (6) follow. Only lenders with five or more Fishers loans are counted.
Which industries get SBA loans in Fishers?
General Freight Trucking, Long-Distance, Truckload leads with 7 loans in Fishers since FY2024. Limited-Service Restaurants (5) and Residential Remodelers (5) follow.
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.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Indiana District Office (Indianapolis)
- Indiana Small Business Development Center
- SCORE, Indiana
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Fishers, IN. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/indiana-small-business-loans/fishers/
Ask lending partners about a loan in Fishers
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.