SBA 7(a) lenders in Carroll, IN
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
21 institutions have SBA 7(a) loans on record in Carroll, together $8.7M across 44 loans. Community First Bank of Indiana is the largest, with 19% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Community First Bank of Indiana | 4 | $1.7M | 19.5% | 0.00% |
| 2 | The Huntington National Bank | 5 | $1.3M | 15.1% | 0.00% |
| 3 | The Farmers Bank, Frankfort, Indiana | 3 | $1.0M | 11.6% | 0.00% |
| 4 | First Merchants Bank | 4 | $1.0M | 11.5% | 0.00% |
| 5 | Columbia Bank | 1 | $731K | 8.4% | 0.00% |
| 6 | First Financial Bank | 7 | $704K | 8.1% | 0.00% |
| 7 | 1st Source Bank | 2 | $581K | 6.7% | 0.00% |
| 8 | Security Federal Savings Bank | 1 | $315K | 3.6% | 0.00% |
| 9 | Live Oak Banking Company | 1 | $250K | 2.9% | 0.00% |
| 10 | JPMorgan Chase Bank, National Association | 3 | $248K | 2.8% | 0.00% |
| 11 | Lendistry SBLC, LLC | 1 | $150K | 1.7% | 0.00% |
| 12 | Celtic Bank Corporation | 1 | $150K | 1.7% | 0.00% |
| 13 | Five Star Bank | 1 | $120K | 1.4% | 0.00% |
| 14 | Centier Bank | 2 | $100K | 1.1% | 0.00% |
| 15 | Independence Bank | 1 | $100K | 1.1% | 95.93% |
| 16 | Wells Fargo Bank National Association | 2 | $85K | 1.0% | 0.00% |
| 17 | Horizon Bank | 1 | $68K | 0.8% | 0.00% |
| 18 | Flagship Enterprise Center, Inc. (dba Bankable) | 1 | $47K | 0.5% | 0.00% |
| 19 | SoFi Bank, National Association | 1 | $20K | 0.2% | 86.46% |
| 20 | U.S. Bank, National Association | 1 | $14K | 0.2% | 0.00% |
| 21 | VelocitySBA, LLC | 1 | $5K | 0.1% | 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 | Retail trade | 7 | $3.0M | 34.2% |
| 2 | Construction | 9 | $1.6M | 17.8% |
| 3 | Administrative & waste services | 2 | $912K | 10.5% |
| 4 | Transportation & warehousing | 6 | $739K | 8.5% |
| 5 | Professional & technical services | 4 | $650K | 7.5% |
| 6 | Accommodation & food services | 6 | $576K | 6.6% |
| 7 | Other services | 4 | $553K | 6.4% |
| 8 | Health care & social assistance | 2 | $375K | 4.3% |
| 9 | Wholesale trade | 1 | $191K | 2.2% |
| 10 | Transportation & warehousing | 1 | $150K | 1.7% |
| 11 | Arts, entertainment & recreation | 1 | $25K | 0.3% |
| 12 | Retail trade | 1 | $5K | 0.1% |
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.