SBA 7(a) lenders in Jay, IN
Approvals in SBA fiscal years 2010–2026. Source data as of 2026-06-30.
Lenders
15 institutions have SBA 7(a) loans on record in Jay, together $8.8M across 31 loans. First Financial Bank is the largest, with 47% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First Financial Bank | 10 | $4.1M | 47.0% | 0.00% |
| 2 | Live Oak Banking Company | 1 | $1.4M | 15.3% | 0.00% |
| 3 | Southwestern National Bank | 1 | $735K | 8.3% | 0.00% |
| 4 | Millennium Bank | 1 | $490K | 5.6% | 0.00% |
| 5 | The Farmers and Merchants State Bank | 4 | $430K | 4.9% | 0.00% |
| 6 | PrimeTrust Financial FCU | 1 | $357K | 4.0% | 0.00% |
| 7 | Wayne Bank and Trust Co | 1 | $350K | 4.0% | 0.00% |
| 8 | First Merchants Bank | 4 | $300K | 3.4% | 0.00% |
| 9 | The State Bank and Trust Company | 1 | $185K | 2.1% | 0.00% |
| 10 | Old National Bank | 1 | $170K | 1.9% | 0.00% |
| 11 | Citizens State Bank of New Castle | 1 | $100K | 1.1% | 0.00% |
| 12 | U.S. Bank, National Association | 2 | $97K | 1.1% | 0.00% |
| 13 | Five Star Bank | 1 | $68K | 0.8% | 0.00% |
| 14 | Independence Bank | 1 | $25K | 0.3% | 92.74% |
| 15 | STAR Financial Bank | 1 | $20K | 0.2% | 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 | 3 | $2.8M | 31.3% |
| 2 | Accommodation & food services | 6 | $1.9M | 21.1% |
| 3 | Retail trade | 6 | $1.7M | 18.8% |
| 4 | Finance & insurance | 1 | $1.4M | 15.3% |
| 5 | Retail trade | 3 | $313K | 3.5% |
| 6 | Health care & social assistance | 3 | $280K | 3.2% |
| 7 | Construction | 3 | $125K | 1.4% |
| 8 | Transportation & warehousing | 2 | $120K | 1.4% |
| 9 | Agriculture, forestry & fishing | 1 | $100K | 1.1% |
| 10 | Manufacturing | 1 | $100K | 1.1% |
| 11 | Real estate & leasing | 1 | $90K | 1.0% |
| 12 | Professional & technical services | 1 | $68K | 0.8% |
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.