SBA 7(a) lenders in Madison, IN

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

Lenders

56 institutions have SBA 7(a) loans on record in Madison, together $124.7M across 383 loans. STAR Financial Bank is the largest, with 11% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	STAR Financial Bank	81	$14.0M	11.2%	1.51%
2	First Merchants Bank	58	$13.3M	10.6%	0.33%
3	Merchants Bank of Indiana	14	$9.9M	7.9%	0.00%
4	The Huntington National Bank	54	$9.5M	7.6%	0.52%
5	KeyBank National Association	22	$9.5M	7.6%	7.27%
6	First Western SBLC, LLC	4	$6.9M	5.5%	0.00%
7	GBank	2	$6.6M	5.3%	0.00%
8	Centier Bank	3	$5.8M	4.6%	0.00%
9	Old National Bank	8	$5.0M	4.0%	0.00%
10	BMO Bank National Association	3	$4.2M	3.3%	0.00%
11	Flagship Enterprise Center, Inc. (dba Bankable)	24	$3.3M	2.6%	0.00%
12	Royal Business Bank	1	$2.9M	2.3%	0.00%
13	Byline Bank	4	$2.9M	2.3%	15.16%
14	Newtek Small Business Finance, Inc.	4	$2.3M	1.8%	0.00%
15	First Financial Bank	8	$2.1M	1.7%	0.00%
16	BankUnited, National Association	1	$2.0M	1.6%	0.00%
17	Bank Five Nine	4	$2.0M	1.6%	0.00%
18	OakStar Bank	4	$1.7M	1.4%	0.00%
19	Columbia Bank	4	$1.6M	1.3%	1.28%
20	Wells Fargo Bank National Association	4	$1.5M	1.2%	0.00%
21	Live Oak Banking Company	3	$1.4M	1.2%	0.00%
22	First Internet Bank of Indiana	2	$1.2M	0.9%	0.00%
23	CRF Small Business Loan Company, LLC	1	$1.0M	0.8%	0.00%
24	The Fountain Trust Company	1	$947K	0.8%	0.00%
25	First Financial Bank	1	$933K	0.7%	0.00%
26	JPMorgan Chase Bank, National Association	5	$901K	0.7%	0.00%
27	Community State Bank	1	$875K	0.7%	0.00%
28	Citizens State Bank of New Castle	10	$850K	0.7%	5.67%
29	Celtic Bank Corporation	2	$803K	0.6%	0.00%
30	The Farmers Bank, Frankfort, Indiana	3	$798K	0.6%	0.00%
31	PNC Bank, National Association	6	$763K	0.6%	3.77%
32	First Farmers Bank and Trust Co	4	$687K	0.6%	1.60%
33	State Bank	2	$675K	0.5%	0.00%
34	Port 51 Lending LLC	1	$635K	0.5%	0.00%
35	Newtek Bank, National Association	2	$600K	0.5%	0.00%
36	Stock Yards Bank & Trust Company	3	$563K	0.5%	0.00%
37	Northeast Bank	2	$500K	0.4%	0.00%
38	CIBC Bank USA	1	$428K	0.3%	0.00%
39	BayFirst National Bank	3	$399K	0.3%	37.33%
40	Village Bank and Trust, National Association	1	$355K	0.3%	0.00%
41	American Bank of Freedom	1	$292K	0.2%	0.00%
42	Ameris Bank	1	$254K	0.2%	0.00%
43	Community Trust Bank, Inc.	1	$250K	0.2%	74.99%
44	West Central Development Corporation	1	$250K	0.2%	0.00%
45	Fifth Third Bank	2	$241K	0.2%	0.00%
46	Community First Bank of Indiana	1	$233K	0.2%	0.00%
47	Wayne Bank and Trust Co	1	$214K	0.2%	0.00%
48	Lendistry SBLC, LLC	1	$150K	0.1%	0.00%
49	Stearns Bank National Association	1	$150K	0.1%	0.00%
50	United Midwest Savings Bank National Association	1	$150K	0.1%	0.00%
51	Financial Center First CU	1	$150K	0.1%	0.00%
52	Glenwood State Bank Incorporated	1	$125K	0.1%	0.00%
53	VelocitySBA, LLC	5	$50K	0.0%	22.20%
54	Readycap Lending, LLC	1	$50K	0.0%	0.00%
55	Federal Deposit Insurance Corporation	2	$25K	0.0%	0.00%
56	Citizens Bank, National Association	1	$18K	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	Accommodation & food services	57	$38.1M	30.5%
2	Other services	49	$17.2M	13.8%
3	Construction	56	$13.6M	10.9%
4	Professional & technical services	28	$10.7M	8.6%
5	Health care & social assistance	29	$7.7M	6.2%
6	Arts, entertainment & recreation	23	$7.2M	5.8%
7	Real estate & leasing	12	$5.7M	4.5%
8	Wholesale trade	14	$4.8M	3.9%
9	Retail trade	10	$4.3M	3.4%
10	Retail trade	12	$4.1M	3.2%
11	Manufacturing	11	$2.9M	2.3%
12	Manufacturing	20	$2.7M	2.2%
13	Transportation & warehousing	22	$1.9M	1.6%
14	Information	5	$1.4M	1.1%
15	Administrative & waste services	13	$810K	0.6%
16	Manufacturing	9	$643K	0.5%
17	Educational services	8	$510K	0.4%
18	Agriculture, forestry & fishing	2	$214K	0.2%
19	Finance & insurance	2	$175K	0.1%
20	Transportation & warehousing	1	$130K	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.