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Buying a Business in Indiana

What SBA acquisition lending actually looks like in Indiana, from loan-level government data.

FY2025 Acquisition Loans

121

$151.5M approved

Median Loan

$510,000

FY2020 through FY2025

Loans Since FY2020

841

$860.5M in total approvals

Share of U.S. Activity

2.4%

Of change-of-ownership loans

Most Active Acquisition Lenders in Indiana

  1. 1. Old National Bank69 loans
  2. 2. Live Oak Banking Company62 loans
  3. 3. The Huntington National Bank58 loans
  4. 4. Centier Bank45 loans
  5. 5. Merchants Bank of Indiana41 loans

A lender being active in Indiana does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lender Match.

What Gets Bought in Indiana

  • Hotels (except Casino Hotels) and Motels63 loans
  • Limited-Service Restaurants50 loans
  • Full-Service Restaurants42 loans
  • Plumbing, Heating, and Air-Conditioning Contractors21 loans
  • Landscaping Services16 loans

Industry-specific pricing and diligence live in the Industry Buy Guides.

Method & Source

Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a Indiana project address. Approvals, not closings; excludes conventional and 504 financing. Free to cite with attribution.

Everything here is educational information, not financial, legal, tax, or investment advice. Figures are estimates or cited third-party data; verify anything that matters against primary sources and your own advisors before acting on it.