SBA acquisition lenders in Indiana
423 SBA 7(a) change-of-ownership loans in Indiana, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 423
- Total approved
- $518.3M
- Median loan
- $650K
- Middle half of loans
- $230K to $1.7M
- Median starting rate
- 9.00%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in Indiana
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 70 | 17% | $350K | $61.3M |
| 2 | Old National Bank | 38 | 9% | $500K | $38.5M |
| 3 | First Internet Bank of Indiana | 36 | 9% | $834K | $41.7M |
| 4 | Live Oak Banking Company | 22 | 5% | $1.2M | $34.6M |
| 5 | GBank | 17 | 4% | $4.0M | $67.6M |
| 6 | Centier Bank | 13 | 3% | $922K | $15.8M |
| 7 | Horizon Bank | 13 | 3% | $180K | $10.2M |
| 8 | Stock Yards Bank & Trust Company | 12 | 3% | $548K | $16.0M |
| 9 | Citizens State Bank of New Castle | 12 | 3% | $710K | $10.2M |
| 10 | Byline Bank | 11 | 3% | $1.2M | $15.5M |
| 11 | First Financial Bank | 9 | 2% | $650K | $9.8M |
| 12 | First Bank Richmond | 9 | 2% | $259K | $6.2M |
| 13 | Flagship Enterprise Center, Inc. (dba Bankable) | 8 | 2% | $130K | $1.4M |
| 14 | Shoreham Bank | 6 | 1% | $2.4M | $15.6M |
| 15 | Merchants Bank of Indiana | 6 | 1% | $610K | $7.8M |
What is being bought in Indiana
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 31 | 7% | $3.7M | $108.2M |
| 2 | Full-Service Restaurants | 20 | 5% | $394K | $11.3M |
| 3 | Limited-Service Restaurants | 18 | 4% | $464K | $12.2M |
| 4 | General Automotive Repair | 12 | 3% | $818K | $9.2M |
| 5 | Plumbing, Heating, and Air-Conditioning Contractors | 11 | 3% | $1.4M | $15.5M |
| 6 | All Other Specialty Trade Contractors | 11 | 3% | $500K | $8.4M |
| 7 | All Other Professional, Scientific, and Technical Services | 11 | 3% | $385K | $5.6M |
| 8 | Landscaping Services | 10 | 2% | $825K | $13.6M |
| 9 | Offices of Certified Public Accountants | 8 | 2% | $1.2M | $8.7M |
| 10 | Insurance Agencies and Brokerages | 7 | 2% | $689K | $4.6M |
| 11 | Beer, Wine, and Liquor Retailers | 6 | 1% | $1.2M | $5.6M |
| 12 | Fitness and Recreational Sports Centers | 6 | 1% | $288K | $2.6M |
| 13 | Funeral Homes and Funeral Services | 5 | 1% | $3.7M | $14.9M |
| 14 | Gasoline Stations with Convenience Stores | 5 | 1% | $1.3M | $8.7M |
| 15 | Floor Covering Retailers | 5 | 1% | $1.0M | $7.9M |
Indiana by industry
- Hotels (except Casino Hotels) and Motels 31
- Full-Service Restaurants 20
- Limited-Service Restaurants 18
- General Automotive Repair 12
- Plumbing, Heating, and Air-Conditioning Contractors 11
- All Other Specialty Trade Contractors 11
- All Other Professional, Scientific, and Technical Services 11
- Landscaping Services 10
- Offices of Certified Public Accountants 8
- Insurance Agencies and Brokerages 7
- Beer, Wine, and Liquor Retailers 6
- Fitness and Recreational Sports Centers 6
- Funeral Homes and Funeral Services 5
- Gasoline Stations with Convenience Stores 5
- Floor Covering Retailers 5
- Electronic and Precision Equipment Repair and Maintenance 5
- Solid Waste Collection 5
- Electrical Contractors and Other Wiring Installation Contractors 5
- Gift, Novelty, and Souvenir Retailers 5
- Offices of Chiropractors 5