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Limited-Service Restaurants: SBA acquisition loans in Indiana
18 SBA-financed business acquisitions in Indiana classified as Limited-Service Restaurants, FY2024–FY2026. Median loan $464K. See which lenders did them.
- Acquisitions financed
- 18
- Total approved
- $12.2M
- Median loan
- $464K
- Middle half of loans
- $285K to $905K
- Median starting rate
- 9.85%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Eclipse Bank Inc | 2 | 11% | $1.5M | $3.0M |
| 2 | Live Oak Banking Company | 2 | 11% | $675K | $1.4M |
| 3 | Flagship Enterprise Center, Inc. (dba Bankable) | 2 | 11% | $290K | $580K |
| 4 | The Huntington National Bank | 2 | 11% | $246K | $493K |
| 5 | First Merchants Bank | 1 | 6% | $2.2M | $2.2M |
| 6 | 22nd State Bank, A Division of 22nd State Banking Company | 1 | 6% | $1.0M | $1.0M |
| 7 | Centerstone SBA Lending, Inc. | 1 | 6% | $620K | $620K |
| 8 | Stock Yards Bank & Trust Company | 1 | 6% | $611K | $611K |
| 9 | Citizens State Bank of New Castle | 1 | 6% | $559K | $559K |
| 10 | SouthState Bank, National Association | 1 | 6% | $459K | $459K |
| 11 | First Bank Richmond | 1 | 6% | $450K | $450K |
| 12 | First Internet Bank of Indiana | 1 | 6% | $441K | $441K |
| 13 | Peoples Bank | 1 | 6% | $250K | $250K |
| 14 | Horizon Bank | 1 | 6% | $150K | $150K |
For comparison, the same industry nationwide: 826 loans, median $414K, median starting rate 9.50%. See Limited-Service Restaurants in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.