SHANE PIERSON · SBA DATA
SBA Lending by State · Indiana

SBA Lending in Indiana

Indiana is a mid-sized SBA market concentrated in food and lodging, growing -11%.

35,219
Total SBA loans
$11.5B
Approved dollars
5.6
Loans per 1,000 businesses / yr
-11%
Growth, 2010s to 2020s
9.5%
Active-loan distress
#20
Rank, national volume
#31
Rank, loans per business

Every SBA 7(a) and 504 loan approved in Indiana since 1991 sits in the public federal record. Indiana accounts for 35,219 of them, worth $11.5B, split 30,136 under 7(a) and 5,083 under 504. Roughly 16% of 7(a) went to startups and new businesses.

Top industries funded in Indiana

  • Retail3,932 loans · $1.1B
  • Food & Lodging3,680 loans · $1.8B
  • Construction2,937 loans · $656M
  • Manufacturing2,794 loans · $1.2B
  • Personal Services2,739 loans · $677M
  • Professional Services2,412 loans · $584M

Program mix

30,136
7(a) loans
5,083
504 loans
16%
To startups & new businesses
84%
To existing businesses
See Indiana on the interactive map

Drill Indiana to the zip-code level, see its top lenders, and shade it by growth, dollars, or distress.

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Loan counts and dollars cover SBA 7(a) and 504, approved and not cancelled, gross basis. Growth, distress, per-business rates, industries, and startup share describe the 7(a) book. Approval is not funding. FOIA record as of March 31, 2026.