First Internet Bank of Indiana SBA loans in Michigan
Short answer
SBA's loan file shows First Internet Bank of Indiana made 68 SBA loans in Michigan since October 2023. Loans to liquor stores were 35.3% of its loans here, well above its national share and its share of all loans in Michigan.
- SBA loans, Oct 2023 to Jun 2026
- 68
- median loan
- $1,015,000
- dollars approved
- $87.41M
- in one industry
- 35.3%
This site is not First Internet Bank of Indiana
sbaexpress.loans is not First Internet Bank of Indiana, and First Internet Bank of Indiana did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from First Internet Bank of Indiana.
These are the 68 SBA 7(a) loans First Internet Bank of Indiana made in Michigan approved October 2023 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you.
How First Internet Bank of Indiana differs in Michigan
What this means for you. One industry took a large share of First Internet Bank of Indiana's loans in Michigan, so its local lending leans on that trade.
Industry concentration
Loans to liquor stores made up 35.3% of its loans in Michigan (24 of 68). Nationally they are 2.7% of its loans. They are not among the five most common industries in Michigan.
Share of the state's loans
First Internet Bank of Indiana made 1.2% of the SBA loans approved in Michigan since October 2023, against 0.62% of loans nationwide. Its share here is 2 times its national share.
We compared 8 measures with the national figure for the same period, and these are the 2 that differ clearly. The table compares every measure.
Michigan next to the U.S.
| Measure | Michigan | All its U.S. loans | Reading |
|---|---|---|---|
| Lender's share of all SBA loans | 1.2% | 0.62% | Clearly higher |
| Median loan | $1,015,000 | $907,500 | No clear gap |
| Middle half of loans | $482,500 to $1,626,000 | $329,750 to $2,157,500 | – |
| Startups (the loan opens the business) | Fewer than 5 | 3.4% | n/a |
| In business 2 years or less | 47.1% | 29.6% | No clear gap |
| In business more than 2 years | 14.7% | 19.0% | No clear gap |
| Change of ownership | 36.8% | 48.0% | No clear gap |
| SBA Express | 14.7% | 29.8% | No clear gap |
| Lines of credit | 14.7% | 29.7% | No clear gap |
| Median term | 10.5 years | 10 years | – |
| Median spread over Prime at approval | 2.75 points over Prime | 2.75 points over Prime | – |
Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference.
What First Internet Bank of Indiana lends to in Michigan
The 2 industries below account for 31 of the 68 loans approved October 2023 to June 2026, or 45.6%. An industry is listed when it has 5 or more of them, five at most.
| Industry | Loans | Share here | U.S. share |
|---|---|---|---|
| Beer, Wine, and Liquor Retailers | 24 | 35.3% | 2.7% |
| Full-Service Restaurants | 7 | 10.3% | 4.6% |
Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries.
Other lenders in Michigan
Other lenders in Michigan with a clear difference from the national pattern, most loans first.
| Lender | Loans since October 2019 |
|---|---|
| The Huntington National Bank | 6,793 |
| Old National Bank | 127 |
| First Merchants Bank | 95 |
| CDC Small Business Finance | 58 |
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. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2023 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. How we build these pages.
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Cite this page: First Internet Bank of Indiana SBA loans in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/first-internet-bank-of-indiana/michigan/
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