SBA Loans for Electrical Contractors in Indiana: Top Lenders
NAICS 238NAICS 238 covers roofing contractors businesses in Indiana. Based on historical SBA 7(a) lending data.
Total Approvals
113
in Indiana
Median Loan Size
$130,000
per approval
Recent Activity
8
last 90 days through Nov 2025
NAICS 238 covers roofing contractors businesses. This is a moderately active sector for SBA 7(a) lending with 113 approvals and a median loan size of $130,000.
Key trends & insights
- THE Huntington National Bank leads this industry with 27 approvals (29% market share) and a median loan of $50,000.
- Electrical Contractors in Indiana loans skew smaller than the SBA average at $130,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in Indiana
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 27 | $50,000 | |
| 2 | 11 | $54,000 | |
| 3 | 7 | $250,000 | |
| 4 | 6 | $22,500 | |
| 5 | 4 | $325,000 | |
| 6 | 4 | $140,000 | |
| 7 | 4 | $50,000 | |
| 8 | 4 | $850,000 | |
| 9 | 3 | $90,000 | |
| 10 | 3 | $367,000 | |
| 11 | 3 | $103,500 | |
| 12 | 2 | $1,000,000 | |
| 13 | 2 | $47,600 | |
| 14 | 2 | $835,000 | |
| 15 | 2 | $37,500 | |
| 16 | 2 | $87,000 | |
| 17 | 2 | $275,000 | |
| 18 | 2 | $100,000 | |
| 19 | 2 | $235,000 | |
| 20 | 2 | $243,000 |
Recent SBA 7(a) approvals for Electrical Contractors in Indiana
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | 1st Source Bank | MOI*****LLC | FORT WAYNE, IN | $91,300 |
| 2025-12 | First Internet Bank of Indiana | Ban*****ric | PLYMOUTH, IN | $625,000 |
| 2025-12 | Merchants Bank of Indiana | K &*****nc. | GREENFIELD, IN | $3,700,000 |
| 2025-12 | Citizens State Bank of New Castle | Saf*****LLC | New Whiteland, IN | $150,000 |
| 2025-12 | 1st Source Bank | ETF*****LLC | GRANGER, IN | $75,000 |
| 2025-11 | 1st Source Bank | Lak*****LLC | WARSAW, IN | $60,000 |
| 2025-11 | First Internet Bank of Indiana | Tu***ogs | KOKOMO, IN | $250,000 |
| 2025-11 | First Internet Bank of Indiana | Tu***ogs | KOKOMO, IN | $4,020,000 |
| 2025-11 | First Internet Bank of Indiana | JD'*****ing | CARMEL, IN | $75,000 |
| 2025-11 | First Internet Bank of Indiana | JD'*****ing | CARMEL, IN | $920,000 |
| 2025-11 | Centier Bank | COP*****LLC | WEST LAFAYETTE, IN | $100,000 |
| 2025-11 | STAR Financial Bank | Duc*****ent | EATON, IN | $10,000 |
| 2025-11 | The Huntington National Bank | IND*****NC. | INDIANAPOLIS, IN | $150,000 |
| 2025-11 | Readycap Lending, LLC | Wes*****LLC | Vevay, IN | $50,000 |
| 2025-11 | Logansport Savings Bank | BRY*****LLC | Galveston, IN | $500,000 |
| 2025-09 | Centier Bank | BOG*****NC. | DYER, IN | $100,000 |
| 2025-09 | Pathward National Association | Mou*****LLC | GRIFFITH, IN | $3,832,000 |
| 2025-08 | Northeast Bank | Chr*****ria | Indianapolis, IN | $150,000 |
| 2025-08 | Byline Bank | Dav*****nc. | NORTH WEBSTER, IN | $1,420,000 |
| 2025-08 | First Merchants Bank | BUT*****NC. | LAFAYETTE, IN | $50,000 |
| 2025-08 | Flagship Enterprise Center, Inc. (dba Bankable) | Nex*****LLC | Indianapolis, IN | $225,000 |
| 2025-08 | CenTrust Bank, A Division of SmartBiz Bank National Associat | Pro*****ion | RICHMOND, IN | $270,000 |
| 2025-08 | 1st Source Bank | Lak*****LLC | WARSAW, IN | $13,900 |
| 2025-08 | Citizens State Bank of New Castle | BRO*****LLC | Alexandria, IN | $50,000 |
| 2025-08 | Northeast Bank | AE *****LLC | ARCADIA, IN | $236,000 |
| 2025-08 | Centra Credit Union | GRM*****LLC | SEYMOUR, IN | $110,000 |
| 2025-07 | Magnifi Financial CU | AE *****LLC | INDIANAPOLIS, IN | $222,500 |
| 2025-07 | GreenWay Bank | Tit*****LLC | Fort Wayne, IN | $120,000 |
| 2025-07 | Everwise Credit Union | Koo*****LLC | Avon, IN | $680,000 |
| 2025-07 | CRF Small Business Loan Company, LLC | Mor*****LLC | Evansville, IN | $995,000 |
| 2025-07 | The Huntington National Bank | KNO*****NC. | ALEXANDRIA, IN | $250,000 |
| 2025-07 | American Community Bank of Indiana | Gre*****LLC | GRIFFITH, IN | $180,000 |
| 2025-07 | Northeast Bank | BDL*****LLC | WESTFIELD, IN | $350,000 |
| 2025-06 | Centra Credit Union | GRM*****LLC | Seymour, IN | $540,000 |
| 2025-06 | PNC Bank, National Association | SUM*****LLC | FORT WAYNE, IN | $25,000 |
| 2025-06 | The Huntington National Bank | RS *****NC. | EVANSVILLE, IN | $225,000 |
| 2025-06 | The Huntington National Bank | RS *****NC. | EVANSVILLE, IN | $50,000 |
| 2025-06 | The Huntington National Bank | HIG*****LLC | FRANKLIN, IN | $150,000 |
| 2025-06 | The Huntington National Bank | HIG*****LLC | FRANKLIN, IN | $150,000 |
| 2025-05 | Stock Yards Bank & Trust Company | GC *****LLC | JEFFERSONVILLE, IN | $1,033,000 |
| 2025-05 | The Huntington National Bank | QUA*****LLC | INDIANAPOLIS, IN | $50,000 |
| 2025-05 | First Merchants Bank | THE*****NC. | MOORESVILLE, IN | $50,000 |
| 2025-05 | Newtek Bank, National Association | Pow*****tte | Lafayette, IN | $500,000 |
| 2025-04 | First Merchants Bank | New*****LLC | NEW CASTLE, IN | $50,000 |
| 2025-04 | The Huntington National Bank | DRA*****LLC | INDIANAPOLIS, IN | $150,000 |
| 2025-04 | Everwise Credit Union | G &*****Inc | LA PORTE, IN | $395,000 |
| 2025-03 | PNC Bank, National Association | ADA*****NC. | SELLERSBURG, IN | $50,000 |
| 2025-03 | American Community Bank of Indiana | Dis*****Inc | Valparaiso, IN | $1,000,000 |
| 2025-03 | Horizon Bank | Sch*****LLC | KOKOMO, IN | $100,000 |
| 2025-03 | Citizens State Bank of New Castle | But*****LLC | Knightstown, IN | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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