SBA LenderData

First Internet Bank of Indiana

Headquartered in FISHERS, IN. Analysis based on 1,764 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $2.31B.

Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023), First Internet Bank of Indiana ranks #55 by charge-off rate (3.40%).
Total 7(a) loans
1,764
Total approved
$2.31B
Average loan
$1.3M
States funded in
49
Charge-off rate
3.40%
FY2020–FY2023 cohort
Paid-in-full rate
18.03%
Average rate
9.38%
Average term
140 mo

Top 10 industries financed

NAICS Industry Loans
722511 Full-Service Restaurants 105
238220 Plumbing, Heating, and Air-Conditioning Contractors 75
238990 All Other Specialty Trade Contractors 64
561730 Landscaping Services 51
722513 Limited-Service Restaurants 43
238210 Electrical Contractors 34
713940 Fitness and Recreational Sports Centers 29
812199 Other Personal Care Services 25
311811 Retail Bakeries 24
236118 Residential Remodelers 23

Top 10 states

State Loans
FL 298
TX 240
CA 196
MI 155
IN 88
CO 83
GA 57
IL 51
NC 44
NY 41

Top franchise brands financed

203 franchise loans across 129 distinct brands.

Franchise Loans
Crumbl 12
Petland/Safari Stan's 11
GLO TANNING 8
PickUp USA Fitness 6
Face Foundrie 5
The UPS Store  (f/k/a Mail Box 4
Sky Zone Indoor Trampoline Par 3
Hotworx 3
Firehouse Subs 3
Nothing Bundt Cakes 3

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Data source & methodology

All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.