Horizon Bank
Headquartered in Michigan City, IN. Analysis based on 276 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $115.9M.
Total 7(a) loans
276
Total approved
$115.9M
Average loan
$420K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
24.04%
Average rate
7.93%
Average term
104 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 21 |
| 561730 | Landscaping Services | 12 |
| 713940 | Fitness and Recreational Sports Centers | 11 |
| 484110 | General Freight Trucking, Local | 10 |
| 238990 | All Other Specialty Trade Contractors | 9 |
| 621310 | Offices of Chiropractors | 8 |
| 722511 | Full-Service Restaurants | 7 |
| 524210 | Insurance Agencies and Brokerages | 6 |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 5 |
| 238910 | Site Preparation Contractors | 5 |
Top 10 states
| State | Loans |
|---|---|
| MI | 167 |
| IN | 109 |
Top franchise brands financed
45 franchise loans across 23 distinct brands.
| Franchise | Loans |
|---|---|
| Club Pilates | 6 |
| Subway | 5 |
| Biggby Coffee | 3 |
| Smoothie King | 3 |
| Metal Supermarkets | 3 |
| Everline Coatings and Services | 2 |
| Detroit Wing Company | 2 |
| Jimmy John's | 2 |
| Vital Care | 2 |
| D1T raining | 2 |
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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.