201 SBA loans worth $110.6M went to businesses in Carmel, IN between October 2021 and June 2026, from 47 lenders. Huntington National Bank made the most, 61 loans. The median loan was $250,000, compared with $171,000 across Indiana, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 61 | $14.7M | $68,000 | 44% |
| 2 | Citizens State Bank of New Castle Bank · New Castle, IN | 11 | $4.4M | $300,000 | 73% |
| 3 | Northeast Bank Bank · Portland, ME | 10 | $1.4M | $115,100 | 30% |
| 4 | First Internet Bank of Indiana Bank · Fishers, IN | 7 | $12.1M | $920,000 | 29% |
| 5 | Horizon Bank Bank · Michigan City, IN | 7 | $5.3M | $341,000 | 57% |
| 6 | Merchants Bank of Indiana Bank · Carmel, IN | 7 | $4.8M | $425,400 | 43% |
| 7 | Lake City Bank Bank · Warsaw, IN | 5 | $6.6M | $970,500 | 80% |
| 8 | JPMorgan Chase Bank Bank · Columbus, OH | 5 | $1.0M | $250,000 | 0% |
| 9 | STAR Financial Bank Bank · Fort Wayne, IN | 5 | $1.0M | $125,000 | 0% |
| 10 | Fifth Third Bank Bank · Cincinnati, OH | 4 | $3.4M | $700,000 | 75% |
| 11 | Newtek Bank Bank · Miami, FL | 4 | $1.9M | $236,500 | 25% |
| 12 | Community First Bank of Indiana Bank · Kokomo, IN | 4 | $1.4M | $399,000 | 100% |
| 13 | First Financial Bank Bank · Cincinnati, OH | 4 | $1.4M | $407,500 | 50% |
| 14 | Centier Bank Bank · Whiting, IN | 4 | $721K | $142,000 | 75% |
| 15 | KeyBank Bank · Cleveland, OH | 4 | $482K | $115,550 | 75% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 35 | $462,000 | Huntington National Bank | |
| Other services (repair, personal care) | 33 | $163,900 | Huntington National Bank | |
| Professional and technical services | 32 | $137,500 | Huntington National Bank | |
| Health care and social assistance | 20 | $205,250 | Huntington National Bank | |
| Construction | 20 | $312,500 | Huntington National Bank | |
| Arts, entertainment and recreation | 13 | $401,600 | First Internet Bank of Indiana | |
| Administrative and support services | 11 | $150,000 | Huntington National Bank | |
| Retail | 9 | $380,000 | Centier Bank |