SBA 7(a) lenders in Elkhart, 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 Elkhart, together $291.0M across 624 loans. 1st Source Bank is the largest, with 16% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	1st Source Bank	233	$46.0M	15.8%	0.47%
2	First State Bank of Middlebury	27	$24.9M	8.6%	0.00%
3	The Huntington National Bank	38	$21.6M	7.4%	0.00%
4	KeyBank National Association	52	$19.1M	6.6%	7.37%
5	Live Oak Banking Company	6	$15.7M	5.4%	0.00%
6	Old National Bank	16	$15.1M	5.2%	1.33%
7	GBank	6	$14.6M	5.0%	0.00%
8	Millennium Bank	7	$13.0M	4.5%	0.00%
9	Byline Bank	7	$10.2M	3.5%	0.00%
10	Everwise Credit Union	7	$9.6M	3.3%	0.00%
11	Lake City Bank	32	$8.5M	2.9%	0.00%
12	Legence Bank	2	$7.1M	2.5%	0.00%
13	JPMorgan Chase Bank, National Association	29	$7.1M	2.4%	0.17%
14	Shoreham Bank	3	$6.4M	2.2%	0.00%
15	Wells Fargo Bank National Association	10	$6.1M	2.1%	0.00%
16	United Midwest Savings Bank National Association	5	$5.8M	2.0%	0.00%
17	First Western SBLC, LLC	2	$5.2M	1.8%	0.00%
18	Centier Bank	21	$4.7M	1.6%	5.87%
19	Horizon Bank	28	$3.9M	1.3%	3.35%
20	BankUnited, National Association	1	$3.9M	1.3%	0.00%
21	First Bank	3	$3.6M	1.2%	0.00%
22	Columbia Bank	3	$2.6M	0.9%	0.00%
23	Happen Bank	1	$2.6M	0.9%	0.00%
24	Northwest Bank	14	$2.4M	0.8%	0.00%
25	First Bank of the Lake	2	$2.4M	0.8%	0.00%
26	Bank Five Nine	1	$2.2M	0.8%	0.00%
27	Evolve Bank and Trust	2	$2.2M	0.8%	0.00%
28	Fifth Third Bank	5	$2.2M	0.8%	0.00%
29	First Financial Bank	2	$2.2M	0.7%	0.00%
30	Verve, a Credit Union	1	$2.0M	0.7%	0.00%
31	U.S. Bank, National Association	3	$2.0M	0.7%	0.34%
32	First Merchants Bank	1	$1.5M	0.5%	0.00%
33	First Chicago Bank & Trust	1	$1.3M	0.5%	0.00%
34	Luminate Bank	1	$1.2M	0.4%	0.00%
35	The Fidelity Bank	1	$1.0M	0.4%	0.00%
36	PNC Bank, National Association	7	$1.0M	0.3%	0.00%
37	Banc of California	1	$945K	0.3%	0.00%
38	Capital Bank, National Association	1	$900K	0.3%	0.00%
39	Northeast Bank	7	$852K	0.3%	0.00%
40	Newtek Bank, National Association	3	$800K	0.3%	0.00%
41	United FCU	2	$773K	0.3%	0.00%
42	Newtek Small Business Finance, Inc.	2	$755K	0.3%	0.00%
43	Harvest Small Business Finance, LLC	1	$701K	0.2%	0.00%
44	East West Bank	1	$680K	0.2%	0.00%
45	SouthState Bank, National Association	1	$651K	0.2%	0.00%
46	Inova Federal Credit Union	1	$500K	0.2%	0.00%
47	First Federal Savings Bank	2	$465K	0.2%	36.50%
48	BMO Bank National Association	1	$367K	0.1%	0.00%
49	BayFirst National Bank	3	$365K	0.1%	0.00%
50	Celtic Bank Corporation	3	$300K	0.1%	0.00%
51	Flagship Enterprise Center, Inc. (dba Bankable)	1	$250K	0.1%	0.00%
52	Stearns Bank National Association	1	$235K	0.1%	0.00%
53	Readycap Lending, LLC	2	$180K	0.1%	0.00%
54	Security Federal Savings Bank	1	$175K	0.1%	0.00%
55	Platinum Bank	1	$170K	0.1%	0.00%
56	VelocitySBA, LLC	7	$100K	0.0%	20.97%
57	Three Rivers Federal Credit Union	1	$30K	0.0%	0.00%
58	Bank of Hope	1	$20K	0.0%	60.85%

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	Accommodation & food services	69	$65.8M	22.6%
2	Manufacturing	94	$44.9M	15.4%
3	Manufacturing	37	$36.1M	12.4%
4	Retail trade	58	$29.8M	10.2%
5	Construction	50	$18.6M	6.4%
6	Other services	44	$14.5M	5.0%
7	Wholesale trade	39	$13.9M	4.8%
8	Health care & social assistance	41	$13.6M	4.7%
9	Real estate & leasing	14	$9.8M	3.4%
10	Manufacturing	11	$8.9M	3.0%
11	Retail trade	30	$7.7M	2.6%
12	Arts, entertainment & recreation	18	$7.3M	2.5%
13	Professional & technical services	31	$6.3M	2.2%
14	Transportation & warehousing	35	$4.9M	1.7%
15	Finance & insurance	8	$4.7M	1.6%
16	Administrative & waste services	21	$2.1M	0.7%
17	Educational services	7	$766K	0.3%
18	Information	4	$628K	0.2%
19	Utilities	3	$350K	0.1%
20	Agriculture, forestry & fishing	8	$214K	0.1%
21	Management of companies	1	$175K	0.1%
22	Transportation & warehousing	1	$40K	0.0%

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.