96 SBA loans worth $52.8M went to businesses in South Bend, IN between October 2021 and June 2026, from 30 lenders. 1st Source Bank made the most, 37 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 | 1st Source Bank Bank · South Bend, IN | 37 | $11.9M | $80,000 | 78% |
| 2 | Centier Bank Bank · Whiting, IN | 11 | $2.9M | $211,500 | 55% |
| 3 | Business Development Corporation (BDC) Certified development company · South Bend, IN | 6 | $2.5M | $415,500 | 50% |
| 4 | Millennium Bank Bank · Des Plaines, IL | 4 | $7.9M | $1,837,000 | 0% |
| 5 | KeyBank Bank · Cleveland, OH | 4 | $1.2M | $25,100 | 50% |
| 6 | Inova Federal Credit Union Credit union · Elkhart, IN | 3 | $668K | $100,000 | 67% |
| 7 | Horizon Bank Bank · Michigan City, IN | 3 | $362K | $61,800 | 0% |
| 8 | First State Bank of Middlebury Bank · Middlebury, IN | 2 | $1.6M | $775,000 | 0% |
| 9 | Everwise Credit Union Credit union · South Bend, IN | 2 | $1.4M | $724,000 | 100% |
| 10 | Live Oak Banking Bank · Wilmington, NC | 2 | $845K | $422,500 | 0% |
| 11 | Bank Five Nine Bank · Oconomowoc, WI | 2 | $382K | $191,000 | 50% |
| 12 | Flagstar Bank Bank · Hicksville, NY | 2 | $184K | $92,250 | 100% |
| 13 | Port 51 Lending Non-bank lender · New York, NY | 1 | $5.0M | $5,000,000 | 0% |
| 14 | Celtic Bank Bank · Salt Lake City, UT | 1 | $5.0M | $5,000,000 | 100% |
| 15 | Byline Bank Bank · Chicago, IL | 1 | $3.5M | $3,462,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 16 | $933,000 | Millennium Bank | |
| Other services (repair, personal care) | 12 | $85,450 | 1st Source Bank | |
| Construction | 11 | $113,400 | 1st Source Bank | |
| Transportation and warehousing | 11 | $47,700 | 1st Source Bank | |
| Manufacturing | 11 | $555,000 | 1st Source Bank | |
| Health care and social assistance | 10 | $171,800 | Centier Bank | |
| Retail | 8 | $230,750 | Flagstar Bank | |
| Professional and technical services | 6 | $175,000 | Live Oak Banking |