1st Source Bank approved 420 SBA loans worth $84.7M between October 2021 and June 2026, ranking #106 of 2,283 SBA lenders nationally by loan count. Its median loan was $85,150, and 59% went to startups or businesses under two years old. It lent in 3 states, most often in Indiana, and its most financed industry was transportation and warehousing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Indiana | 379 | $77.5M | $81,000 | #2 |
| Michigan | 40 | $7.0M | $93,450 | #32 |
| Illinois | 1 | $200K | $200,000 | #230 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Transportation and warehousing | 64 | $50,900 | |
| Manufacturing | 60 | $120,750 | |
| Construction | 51 | $75,000 | |
| Restaurants and hotels | 47 | $184,400 | |
| Other services (repair, personal care) | 45 | $81,000 | |
| Administrative and support services | 36 | $70,850 | |
| Retail | 32 | $82,500 | |
| Health care and social assistance | 25 | $75,000 | |
| Professional and technical services | 20 | $95,000 | |
| Wholesale trade | 14 | $99,150 |