SBA Loans – Indianapolis

Last update: Apr 18, 2024

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Small business loans in Indianapolis are available from many SBA lenders. Here are the most active Indy SBA lenders:

Top SBA Lenders in Indianapolis

RankSBA LenderHeadquarters# Loans Avg LoanAvg Interest
1Huntington BankColumbus, OH74 $192,62710.1%
2Merchants Bank of IndianaCarmel, IN10 $848,55010.0%
3KeyBankCleveland, OH6 $715,81711.6%
4First Merchants BankMuncie, IN6 $50,00012.4%
5U.S. BankCincinnati, OH6 $36,6339.9%
6STAR Financial BankFort Wayne, IN5 $236,8608.7%
7BankableAnderson, IN5 $170,00012.0%
8PNC BankWilmington, DE5 $136,20010.9%
9First Internet Bank of IndianaFishers, IN4 $1,796,0009.8%
10Live OakWilmington, NC4 $862,5009.8%

Top Industries for SBA Loans in Indianapolis

RankIndustry# Loans Avg LoanAvg Interest
1General Freight Trucking, Long Distance, Truckload20 $285,41010.1%
2Full-Service Restaurants8 $443,2509.6%
3Hotels (except Casino Hotels) and Motels7 $4,561,3008.9%
4Limited-Service Restaurants7 $478,38610.8%
5Electrical Contractors6 $958,83310.5%
6Retail Bakeries4 $482,35011.1%
7Landscaping Services3 $1,012,00010.3%
8Child and Youth Services3 $877,66710.5%
9Home Health Care Services3 $737,3337.9%
10Fitness and Recreational Sports Centers3 $332,6338.7%

Many entrepreneurs search for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for Indianapolis SBA loans are not local but national SBA preferred lenders. Connect with us and we can connect you today with local or national SBA banks that are small business loan experts.

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