SBA Lending in Carmel, Indiana
Businesses in Carmel, IN have drawn 992 SBA 7(a) loans worth $282M, and annual volume has fallen 9% versus the prior decade.
- 992
- 7(a) loans
- $282M
- Approved dollars
- $284,488
- Average loan size
- #3
- Rank in Indiana
- -9%
- Annualized vs prior decade
- 9.0%
- Active-loan distress
Carmel is the #3 SBA 7(a) market in Indiana and #195 in the country. Since 1991 lenders have approved 992 loans here worth $282M, averaging $284,488 each. Annual approval volume has fallen 9% between FY2013-2019 and FY2020-2026. 9.0% of the active book is delinquent, past due, or in liquidation. The most-funded local business type is full-service restaurants.
What Carmel borrows for
Who lends in Carmel
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Open the interactive map ↗7(a) loans only, approved and not cancelled, gross basis, grouped by the borrower's city as filed. Distress is the current share of the active book in delinquent, past-due, or liquidation status. Approval is not funding. FOIA record as of March 31, 2026.