66 SBA loans worth $41.9M went to businesses in Mishawaka, IN between October 2021 and June 2026, from 22 lenders. 1st Source Bank made the most, 15 loans. The median loan was $248,150, compared with $171,000 across Indiana, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | 1st Source Bank Bank · South Bend, IN | 15 | $3.3M | $75,000 | 73% |
| 2 | Centier Bank Bank · Whiting, IN | 12 | $5.2M | $108,650 | 33% |
| 3 | Business Development Corporation (BDC) Certified development company · South Bend, IN | 6 | $3.4M | $599,000 | 0% |
| 4 | Huntington National Bank Bank · Columbus, OH | 5 | $2.1M | $150,000 | 40% |
| 5 | Horizon Bank Bank · Michigan City, IN | 5 | $896K | $50,000 | 80% |
| 6 | Merchants Bank of Indiana Bank · Carmel, IN | 3 | $1.9M | $643,900 | 67% |
| 7 | Live Oak Banking Bank · Wilmington, NC | 2 | $2.0M | $1,000,000 | 0% |
| 8 | Inova Federal Credit Union Credit union · Elkhart, IN | 2 | $1.9M | $944,000 | 100% |
| 9 | KeyBank Bank · Cleveland, OH | 2 | $1.6M | $784,000 | 50% |
| 10 | PNC Bank Bank · Wilmington, DE | 2 | $342K | $170,750 | 0% |
| 11 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $5.0M | $5,000,000 | 0% |
| 12 | Shoreham Bank Bank · Warwick, RI | 1 | $3.2M | $3,240,000 | 100% |
| 13 | GBank Bank · Las Vegas, NV | 1 | $2.5M | $2,526,000 | 0% |
| 14 | First Bank of the Lake Bank · Osage Beach, MO | 1 | $1.8M | $1,830,400 | 100% |
| 15 | Crossroads Bank Bank · Wabash, IN | 1 | $1.8M | $1,800,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 12 | $409,050 | 1st Source Bank | |
| Manufacturing | 9 | $325,000 | 1st Source Bank | |
| Restaurants and hotels | 8 | $1,798,000 | Crossroads Bank | |
| Health care and social assistance | 7 | $183,000 | Horizon Bank | |
| Administrative and support services | 5 | $45,000 | Centier Bank | |
| Transportation and warehousing | 5 | $36,900 | 1st Source Bank | |
| Professional and technical services | 4 | $150,000 | Huntington National Bank | |
| Arts, entertainment and recreation | 4 | $559,250 | Inova Federal Credit Union |