SBA Loans for Electric Power Distribution in Indiana: Top Lenders
NAICS 221NAICS 221 covers electric power distribution businesses in Indiana. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Indiana
Median Loan Size
$250,000
per approval
Recent Activity
0
last 90 days through Apr 2024
NAICS 221 covers electric power distribution businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $250,000.
Key trends & insights
- Electric Power Distribution in Indiana lending is concentrated — Northwest Bank, Fwbank, Flagship Enterprise Center, INC. (dba Bankable) together account for 80% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Northwest Bank leads this industry with 2 approvals (40% market share) and a median loan of $125,000.
- SBA data for this industry goes through 2024-04-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Electric Power Distribution in Indiana
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $125,000 | |
| 2 | 1 | $1,761,000 | |
| 3 | 1 | $250,000 | |
| 4 | 1 | $870,300 |
Recent SBA 7(a) approvals for Electric Power Distribution in Indiana
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-09 | FWBank | Mou*****LLC | INDIANAPOLIS, IN | $1,379,000 |
| 2024-04 | Northwest Bank | CLM*****INC | GOSHEN, IN | $75,000 |
| 2024-04 | Northwest Bank | CLM*****INC | GOSHEN, IN | $175,000 |
| 2023-12 | FWBank | Mou*****LLC | INDIANAPOLIS, IN | $1,761,000 |
| 2023-02 | Centier Bank | Ger*****Co. | WANATAH, IN | $870,300 |
| 2021-02 | Byline Bank | Bar*****nc. | WESTFIELD, IN | $590,000 |
| 2019-12 | Flagship Enterprise Center, Inc. (dba Bankable) | Hob*****LLC | Columbus, IN | $250,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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