# Buying a Business in Indiana: SBA Lending

Change-of-ownership SBA 7(a) approvals in Indiana, FY2020 through FY2025. Every figure is read from SBA 7(a) FOIA loan-level dataset (as of June 30, 2026).

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Also on this site: https://searchspheresource.com/data/acquisition-lending
Source: https://searchspheresource.com/data/acquisition-lending/indiana
Last checked: 2026-10-02

## The Numbers

- Loans since FY2020: 841, $860,479,100 approved in total
- FY2025 loans: 121, $151,542,200 approved
- Median loan: $510,000
- Share of national acquisition lending: 2.4%

## The Most Active Lenders in Indiana

Ranked by change-of-ownership loans written in the covered years. A bank high here is a bank that has already said yes to this kind of deal in this state.

1. Old National Bank: 69 loans
2. The Huntington National Bank: 66 loans
3. Live Oak Banking Company: 62 loans
4. Centier Bank: 45 loans
5. Merchants Bank of Indiana: 41 loans

## What Gets Financed in Indiana

- Hotels (except Casino Hotels) and Motels: 63 loans
- Limited-Service Restaurants: 50 loans
- Full-Service Restaurants: 42 loans
- Plumbing, Heating, and Air-Conditioning Contractors: 21 loans
- Gasoline Stations with Convenience Stores: 17 loans

## Method and Source

- SBA 7(a) FOIA loan-level dataset (as of June 30, 2026): https://data.sba.gov/dataset/7a-504-foia
- Coverage: FY2020 through FY2025
- Segment: SBA 7(a) approvals with BusinessAge "Change of Ownership"

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