SBA 7(a) lenders in Gibson, IN
Approvals in SBA fiscal years 2010–2026. Source data as of 2026-06-30.
Lenders
21 institutions have SBA 7(a) loans on record in Gibson, together $26.7M across 51 loans. Old National Bank is the largest, with 19% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Old National Bank | 3 | $5.1M | 19.1% | 0.38% |
| 2 | United Midwest Savings Bank National Association | 1 | $5.0M | 18.7% | 0.00% |
| 3 | Royal Business Bank | 1 | $3.2M | 12.0% | 0.00% |
| 4 | Live Oak Banking Company | 2 | $3.2M | 12.0% | 0.00% |
| 5 | German American Bank | 17 | $2.3M | 8.5% | 0.00% |
| 6 | The Elberfeld State Bank | 3 | $2.2M | 8.4% | 19.85% |
| 7 | Shoreham Bank | 1 | $800K | 3.0% | 0.00% |
| 8 | Fifth Third Bank | 3 | $770K | 2.9% | 0.00% |
| 9 | First Federal Savings Bank | 3 | $745K | 2.8% | 0.00% |
| 10 | The First National Bank of Carmi | 2 | $682K | 2.6% | 0.00% |
| 11 | Columbia Bank | 1 | $563K | 2.1% | 0.00% |
| 12 | Scott Credit Union | 1 | $417K | 1.6% | 0.00% |
| 13 | Legence Bank | 2 | $366K | 1.4% | 0.00% |
| 14 | Northeast Bank | 2 | $305K | 1.1% | 0.00% |
| 15 | Heritage Federal Credit Union | 2 | $236K | 0.9% | 0.00% |
| 16 | Lake City Bank | 2 | $235K | 0.9% | 0.00% |
| 17 | BayFirst National Bank | 1 | $215K | 0.8% | 43.02% |
| 18 | Readycap Lending, LLC | 1 | $200K | 0.7% | 0.00% |
| 19 | Springs Valley Bank & Trust Company | 1 | $140K | 0.5% | 0.00% |
| 20 | VelocitySBA, LLC | 1 | $20K | 0.1% | 0.00% |
| 21 | Wells Fargo Bank National Association | 1 | $15K | 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 | Accommodation & food services | 7 | $9.7M | 36.3% |
| 2 | Administrative & waste services | 4 | $5.5M | 20.5% |
| 3 | Retail trade | 3 | $3.2M | 11.8% |
| 4 | Health care & social assistance | 7 | $1.6M | 6.0% |
| 5 | Other services | 6 | $1.6M | 6.0% |
| 6 | Wholesale trade | 3 | $1.4M | 5.3% |
| 7 | Manufacturing | 2 | $1.0M | 3.9% |
| 8 | Professional & technical services | 7 | $946K | 3.5% |
| 9 | Construction | 3 | $775K | 2.9% |
| 10 | Manufacturing | 6 | $662K | 2.5% |
| 11 | Retail trade | 2 | $191K | 0.7% |
| 12 | Educational services | 1 | $135K | 0.5% |
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.