SBA 7(a) lenders in Boone, IN

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

58 institutions have SBA 7(a) loans on record in Boone, together $142.4M across 396 loans. The Huntington National Bank is the largest, with 21% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	The Huntington National Bank	133	$30.2M	21.2%	0.85%
2	KeyBank National Association	28	$17.7M	12.4%	9.52%
3	Byline Bank	6	$10.0M	7.0%	0.00%
4	JPMorgan Chase Bank, National Association	23	$8.2M	5.8%	1.37%
5	Horizon Bank	8	$6.2M	4.4%	3.46%
6	Fifth Third Bank	7	$5.9M	4.1%	6.19%
7	First American Bank	5	$4.8M	3.4%	0.00%
8	First Internet Bank of Indiana	5	$4.6M	3.3%	0.00%
9	The Farmers Bank, Frankfort, Indiana	30	$4.5M	3.2%	0.70%
10	Lake City Bank	13	$3.7M	2.6%	0.00%
11	CentreBank	2	$3.4M	2.4%	0.00%
12	Wells Fargo Bank National Association	3	$3.1M	2.2%	18.21%
13	Live Oak Banking Company	4	$3.1M	2.2%	0.00%
14	Old National Bank	9	$2.4M	1.7%	0.00%
15	STAR Financial Bank	11	$2.3M	1.6%	0.00%
16	First Financial Bank	6	$2.2M	1.5%	0.00%
17	Merchants Bank of Indiana	5	$2.2M	1.5%	0.00%
18	Readycap Lending, LLC	2	$2.1M	1.4%	0.00%
19	American Bank of Freedom	1	$2.0M	1.4%	0.00%
20	BMO Bank National Association	8	$1.9M	1.3%	0.00%
21	Celtic Bank Corporation	3	$1.8M	1.3%	0.00%
22	Bank of America, National Association	1	$1.3M	0.9%	0.00%
23	Regions Bank	1	$1.2M	0.8%	0.00%
24	Village Bank and Trust, National Association	4	$1.1M	0.8%	0.00%
25	State Bank	7	$1.1M	0.8%	35.96%
26	OakStar Bank	1	$1.0M	0.7%	0.00%
27	United Midwest Savings Bank National Association	5	$1.0M	0.7%	0.00%
28	Centier Bank	5	$1.0M	0.7%	0.00%
29	Flagship Enterprise Center, Inc. (dba Bankable)	5	$980K	0.7%	21.50%
30	First Merchants Bank	6	$942K	0.7%	0.00%
31	The North Salem State Bank	3	$936K	0.7%	0.00%
32	The Home National Bank of Thorntown	5	$804K	0.6%	0.00%
33	Busey Bank	2	$781K	0.5%	0.00%
34	First Bank of the Lake	2	$754K	0.5%	0.00%
35	The National Bank of Indianapolis	3	$753K	0.5%	0.00%
36	PNC Bank, National Association	6	$721K	0.5%	1.41%
37	IncredibleBank	2	$590K	0.4%	149.04%
38	First National Bank of Pennsylvania	1	$568K	0.4%	0.00%
39	First-Citizens Bank & Trust Company	1	$525K	0.4%	0.00%
40	Hendricks County Bank and Trust Company	2	$524K	0.4%	0.00%
41	CFBank National Association	1	$500K	0.4%	0.00%
42	Customers Bank	1	$483K	0.3%	0.00%
43	Community First Bank of Indiana	2	$468K	0.3%	60.75%
44	First Federal Savings Bank	2	$350K	0.2%	0.00%
45	BayFirst National Bank	3	$340K	0.2%	0.00%
46	Legence Bank	1	$265K	0.2%	0.00%
47	United Community Bank	1	$225K	0.2%	0.00%
48	Northeast Bank	1	$150K	0.1%	0.00%
49	SoFi Bank, National Association	1	$150K	0.1%	0.00%
50	Newtek Small Business Finance, Inc.	1	$137K	0.1%	0.00%
51	Wayne Bank and Trust Co	1	$100K	0.1%	0.00%
52	Pathward National Association	1	$100K	0.1%	0.00%
53	Stock Yards Bank & Trust Company	1	$80K	0.1%	0.00%
54	The Farmers and Merchants State Bank	1	$75K	0.1%	0.00%
55	Newtek Bank, National Association	1	$45K	0.0%	0.00%
56	U.S. Bank, National Association	1	$14K	0.0%	0.00%
57	VelocitySBA, LLC	1	$8K	0.0%	78.68%
58	Citizens Bank, National Association	1	$5K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Manufacturing	18	$23.2M	16.3%
2	Other services	39	$16.6M	11.6%
3	Accommodation & food services	41	$15.9M	11.1%
4	Health care & social assistance	38	$15.6M	10.9%
5	Manufacturing	35	$12.9M	9.1%
6	Construction	48	$10.3M	7.2%
7	Wholesale trade	15	$9.3M	6.6%
8	Arts, entertainment & recreation	8	$6.7M	4.7%
9	Retail trade	21	$6.6M	4.7%
10	Administrative & waste services	30	$5.6M	3.9%
11	Professional & technical services	35	$5.5M	3.9%
12	Transportation & warehousing	23	$4.8M	3.4%
13	Retail trade	22	$4.2M	2.9%
14	Manufacturing	6	$1.4M	1.0%
15	Agriculture, forestry & fishing	3	$1.1M	0.8%
16	Real estate & leasing	4	$975K	0.7%
17	Transportation & warehousing	3	$856K	0.6%
18	Finance & insurance	3	$570K	0.4%
19	Educational services	4	$253K	0.2%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.