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SBA lenders in Anderson, IN

SBA 7(a) and 504 loans to businesses in Anderson (Madison County), October 2021 to June 30, 2026 · Updated October 15, 2026
81
SBA loans approved
$29.3M
Total approved
$150,000
Median loan
25
Lenders active
26%
To startups

81 SBA loans worth $29.3M went to businesses in Anderson, IN between October 2021 and June 2026, from 25 lenders. STAR Financial Bank made the most, 17 loans. The median loan was $150,000, compared with $171,000 across Indiana, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Anderson

#LenderLoansApprovedMedian loanTo startups
1STAR Financial Bank
Bank · Fort Wayne, IN
17$2.1M$94,80012%
2Huntington National Bank
Bank · Columbus, OH
13$2.5M$52,00015%
3Merchants Bank of Indiana
Bank · Carmel, IN
7$6.9M$300,00014%
4First Merchants Bank
Bank · Muncie, IN
7$350K$50,0000%
5Old National Bank
Bank · Evansville, IN
5$1.8M$100,00060%
6Flagship Enterprise Center, Inc. (dba Bankable)
Non-bank lender · Anderson, IN
5$843K$150,00040%
7Indiana Statewide Certified Development
Certified development company · Indianapolis, IN
4$1.8M$361,50075%
8Centier Bank
Bank · Whiting, IN
2$1.4M$712,650100%
9Stock Yards Bank & Trust
Bank · Louisville, KY
2$513K$256,600100%
10Bank Five Nine
Bank · Oconomowoc, WI
2$464K$231,750100%
11BayFirst National Bank
Bank · St. Petersburg, FL
2$249K$124,6000%
12Citizens State Bank of New Castle
Bank · New Castle, IN
2$75K$37,5000%
13GBank
Bank · Las Vegas, NV
1$5.0M$5,000,0000%
14West Central Partnership
Certified development company · Perrysburg, OH
1$2.1M$2,110,0000%
15Wells Fargo Bank
Bank · Sioux Falls, SD
1$1.1M$1,104,900100%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Anderson. For 504 loans the lender shown is the certified development company.

What gets financed in Anderson

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels15
19%
$234,000STAR Financial Bank
Other services (repair, personal care)14
17%
$147,500Merchants Bank of Indiana
Manufacturing8
10%
$256,600Stock Yards Bank & Trust
Professional and technical services8
10%
$200,000Merchants Bank of Indiana
Construction7
9%
$50,000STAR Financial Bank
Arts, entertainment and recreation6
7%
$107,500Old National Bank
Transportation and warehousing5
6%
$80,000Huntington National Bank
Administrative and support services5
6%
$75,000STAR Financial Bank
Loan size mix
  • Under $150,00049%
  • $150,000 to $500,00040%
  • $500,000 to $2 million7%
  • $2 million and up4%
Compared with Indiana
Median loan, Anderson
$150,000
Median loan, Indiana
$171,000
Startup share, Anderson
26%
Startup share, Indiana
35%
Share of state's SBA loans
1.3%

SBA loans per fiscal year in Anderson

0102030FY14: 9 loansFY14FY15: 20 loansFY15FY16: 14 loansFY16FY17: 18 loansFY17FY18: 17 loansFY18FY19: 20 loansFY19FY20: 13 loansFY20FY21: 13 loansFY21FY22: 23 loansFY2223FY23: 14 loansFY23FY24: 23 loansFY24FY25: 11 loansFY25FY26 (Oct to Jun): 10 loansFY2610
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.