97 SBA loans worth $70.0M went to businesses in Merrillville, IN between October 2021 and June 2026, from 34 lenders. Horizon Bank made the most, 14 loans. The median loan was $200,000, compared with $171,000 across Indiana, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Horizon Bank Bank · Michigan City, IN | 14 | $5.4M | $110,000 | 50% |
| 2 | Centier Bank Bank · Whiting, IN | 11 | $3.1M | $250,000 | 27% |
| 3 | Huntington National Bank Bank · Columbus, OH | 9 | $1.7M | $150,000 | 33% |
| 4 | Regional Development Certified development company · Valparaiso, IN | 6 | $3.6M | $707,000 | 17% |
| 5 | Peoples Bank Bank · Munster, IN | 5 | $427K | $100,000 | 40% |
| 6 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 4 | $463K | $113,050 | 25% |
| 7 | Northeast Bank Bank · Portland, ME | 4 | $458K | $89,200 | 25% |
| 8 | Shoreham Bank Bank · Warwick, RI | 3 | $8.8M | $3,400,000 | 33% |
| 9 | Newtek Bank Bank · Miami, FL | 3 | $5.3M | $700,000 | 0% |
| 10 | Celtic Bank Bank · Salt Lake City, UT | 3 | $2.2M | $150,000 | 0% |
| 11 | Small Business Growth Certified development company · Springfield, IL | 2 | $6.2M | $3,109,500 | 0% |
| 12 | Byline Bank Bank · Chicago, IL | 2 | $3.4M | $1,683,500 | 50% |
| 13 | SomerCor 504 Certified development company · Chicago, IL | 2 | $2.9M | $1,427,500 | 50% |
| 14 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 2 | $1.9M | $972,000 | 0% |
| 15 | United Midwest Savings Bank Bank · Degraff, OH | 2 | $1.7M | $840,000 | 50% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 18 | $640,000 | Shoreham Bank | |
| Health care and social assistance | 17 | $150,000 | Centier Bank | |
| Professional and technical services | 14 | $146,650 | Huntington National Bank | |
| Manufacturing | 11 | $457,200 | Horizon Bank | |
| Other services (repair, personal care) | 10 | $150,000 | Readycap Lending | |
| Retail | 7 | $100,000 | Horizon Bank | |
| Arts, entertainment and recreation | 5 | $2,794,000 | Horizon Bank | |
| Transportation and warehousing | 5 | $100,000 | Huntington National Bank |