SBA 7(a) lenders in Spencer, IN
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
14 institutions have SBA 7(a) loans on record in Spencer, together $11.9M across 29 loans. JPMorgan Chase Bank, National Association is the largest, with 27% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | 2 | $3.2M | 27.1% | 0.00% |
| 2 | Fifth Third Bank | 1 | $2.4M | 20.1% | 0.00% |
| 3 | German American Bank | 11 | $1.5M | 12.9% | 0.00% |
| 4 | First Bank of the Lake | 1 | $1.1M | 9.3% | 0.00% |
| 5 | Freedom Bank | 4 | $842K | 7.1% | 0.00% |
| 6 | Northbrook Bank & Trust Company, National Association | 1 | $721K | 6.0% | 0.00% |
| 7 | First Federal Savings Bank | 2 | $636K | 5.3% | 0.00% |
| 8 | Heritage Federal Credit Union | 1 | $468K | 3.9% | 0.00% |
| 9 | Freedom Bank | 1 | $322K | 2.7% | 0.00% |
| 10 | Legence Bank | 1 | $293K | 2.5% | 0.00% |
| 11 | Old National Bank | 1 | $225K | 1.9% | 0.00% |
| 12 | United Midwest Savings Bank National Association | 1 | $100K | 0.8% | 0.00% |
| 13 | Columbia Bank | 1 | $25K | 0.2% | 0.00% |
| 14 | U.S. Bank, National Association | 1 | $25K | 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 | $3.3M | 27.7% |
| 2 | Health care & social assistance | 2 | $2.7M | 22.8% |
| 3 | Other services | 4 | $1.6M | 13.2% |
| 4 | Retail trade | 4 | $1.5M | 13.0% |
| 5 | Manufacturing | 4 | $505K | 4.2% |
| 6 | Professional & technical services | 1 | $468K | 3.9% |
| 7 | Arts, entertainment & recreation | 2 | $442K | 3.7% |
| 8 | Construction | 2 | $408K | 3.4% |
| 9 | Accommodation & food services | 2 | $318K | 2.7% |
| 10 | Real estate & leasing | 1 | $300K | 2.5% |
| 11 | Transportation & warehousing | 2 | $225K | 1.9% |
| 12 | Retail trade | 1 | $100K | 0.8% |
| 13 | Administrative & waste services | 1 | $25K | 0.2% |
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.