SBA 7(a) lenders in Wells, IN
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
21 institutions have SBA 7(a) loans on record in Wells, together $30.5M across 90 loans. First Merchants Bank is the largest, with 45% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First Merchants Bank | 29 | $13.9M | 45.5% | 4.63% |
| 2 | First Federal Savings Bank | 14 | $5.9M | 19.3% | 0.00% |
| 3 | United Midwest Savings Bank National Association | 2 | $2.3M | 7.5% | 0.00% |
| 4 | Bank Five Nine | 1 | $1.6M | 5.3% | 0.00% |
| 5 | Byline Bank | 2 | $1.6M | 5.1% | 0.00% |
| 6 | 1st Source Bank | 15 | $966K | 3.2% | 0.00% |
| 7 | The Farmers and Merchants State Bank | 3 | $827K | 2.7% | 0.00% |
| 8 | First Bank of the Lake | 1 | $713K | 2.3% | 0.00% |
| 9 | Flagship Enterprise Center, Inc. (dba Bankable) | 2 | $425K | 1.4% | 0.00% |
| 10 | Wells Fargo Bank National Association | 3 | $379K | 1.2% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 2 | $334K | 1.1% | 0.00% |
| 12 | The Bippus State Bank | 1 | $325K | 1.1% | 0.00% |
| 13 | STAR Financial Bank | 2 | $242K | 0.8% | 0.00% |
| 14 | Lake City Bank | 1 | $214K | 0.7% | 0.00% |
| 15 | Stearns Bank National Association | 1 | $171K | 0.6% | 0.00% |
| 16 | U.S. Bank, National Association | 2 | $171K | 0.6% | 0.00% |
| 17 | Celtic Bank Corporation | 1 | $150K | 0.5% | 0.00% |
| 18 | Three Rivers Federal Credit Union | 2 | $150K | 0.5% | 0.00% |
| 19 | The Huntington National Bank | 4 | $149K | 0.5% | 0.00% |
| 20 | Readycap Lending, LLC | 1 | $28K | 0.1% | 0.00% |
| 21 | PNC Bank, National Association | 1 | $11K | 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 | Manufacturing | 18 | $12.4M | 40.8% |
| 2 | Accommodation & food services | 12 | $5.0M | 16.5% |
| 3 | Retail trade | 14 | $4.2M | 13.7% |
| 4 | Arts, entertainment & recreation | 3 | $2.4M | 7.7% |
| 5 | Wholesale trade | 6 | $1.5M | 5.0% |
| 6 | Health care & social assistance | 7 | $1.4M | 4.6% |
| 7 | Other services | 3 | $921K | 3.0% |
| 8 | Real estate & leasing | 3 | $753K | 2.5% |
| 9 | Finance & insurance | 4 | $571K | 1.9% |
| 10 | Construction | 7 | $404K | 1.3% |
| 11 | Agriculture, forestry & fishing | 1 | $325K | 1.1% |
| 12 | Administrative & waste services | 5 | $267K | 0.9% |
| 13 | Transportation & warehousing | 3 | $215K | 0.7% |
| 14 | Professional & technical services | 3 | $93K | 0.3% |
| 15 | Retail trade | 1 | $18K | 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.