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SBA lenders in Evansville, IN

SBA 7(a) and 504 loans to businesses in Evansville (Vanderburgh County), October 2021 to June 30, 2026 · Updated October 15, 2026
173
SBA loans approved
$107.8M
Total approved
$225,000
Median loan
35
Lenders active
33%
To startups

173 SBA loans worth $107.8M went to businesses in Evansville, IN between October 2021 and June 2026, from 35 lenders. Heritage Federal Credit Union made the most, 42 loans. The median loan was $225,000, compared with $171,000 across Indiana, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Evansville

#LenderLoansApprovedMedian loanTo startups
1Heritage Federal Credit Union
Credit union · Newburgh, IN
42$11.3M$90,75055%
2Old National Bank
Bank · Evansville, IN
15$11.5M$350,00013%
3Stock Yards Bank & Trust
Bank · Louisville, KY
14$11.7M$423,00036%
4First National Bank of Carmi
Bank · Carmi, IL
12$15.3M$519,95017%
5First Federal Savings Bank
Bank · Evansville, IN
11$7.0M$575,70018%
6German American Bank
Bank · Jasper, IN
10$1.9M$167,10010%
7Premier Capital
Certified development company · Indianapolis, IN
9$4.5M$459,00022%
8Huntington National Bank
Bank · Columbus, OH
6$2.7M$212,50033%
9Legence Bank
Bank · Eldorado, IL
5$635K$65,00060%
10U.S. Bank
Bank · Cincinnati, OH
4$3.3M$199,00025%
11Banterra Bank
Bank · Marion, IL
4$1.0M$133,40025%
12Indiana Statewide Certified Development
Certified development company · Indianapolis, IN
3$10.1M$3,794,00033%
13JPMorgan Chase Bank
Bank · Columbus, OH
3$1.1M$200,0000%
14First Financial Bank
Bank · Terre Haute, IN
3$924K$240,500100%
15Northeast Bank
Bank · Portland, ME
3$698K$150,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Evansville. For 504 loans the lender shown is the certified development company.

What gets financed in Evansville

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels33
19%
$346,900Heritage Federal Credit Union
Construction24
14%
$207,500Heritage Federal Credit Union
Other services (repair, personal care)19
11%
$153,000Old National Bank
Retail16
9%
$208,000First Financial Bank
Administrative and support services14
8%
$145,500Heritage Federal Credit Union
Manufacturing13
8%
$449,900Stock Yards Bank & Trust
Health care and social assistance12
7%
$202,400Heritage Federal Credit Union
Arts, entertainment and recreation9
5%
$340,000Heritage Federal Credit Union
Loan size mix
  • Under $150,00032%
  • $150,000 to $500,00038%
  • $500,000 to $2 million22%
  • $2 million and up8%
Compared with Indiana
Median loan, Evansville
$225,000
Median loan, Indiana
$171,000
Startup share, Evansville
33%
Startup share, Indiana
35%
Share of state's SBA loans
2.8%

SBA loans per fiscal year in Evansville

0204060FY14: 24 loansFY14FY15: 39 loansFY15FY16: 24 loansFY16FY17: 30 loansFY17FY18: 31 loansFY18FY19: 32 loansFY19FY20: 31 loansFY20FY21: 39 loansFY21FY22: 35 loansFY22FY23: 28 loansFY23FY24: 51 loansFY2451FY25: 35 loansFY25FY26 (Oct to Jun): 24 loansFY2624
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.