SBA Loans for Machine Shops in Indiana: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Indiana. Based on historical SBA 7(a) lending data.
Total Approvals
17
in Indiana
Median Loan Size
$208,800
per approval
Recent Activity
1
last 90 days through Nov 2025
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 17 approvals on record and a median loan size of $208,800.
Key trends & insights
- 1ST Source Bank leads this industry with 3 approvals (18% market share) and a median loan of $189,600.
- Machine Shops in Indiana loans skew smaller than the SBA average at $208,800 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 Machine Shops in Indiana
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $189,600 | |
| 2 | 3 | $125,000 | |
| 3 | 2 | $687,500 | |
| 4 | 2 | $2,241,200 | |
| 5 | 2 | $212,200 | |
| 6 | 2 | $441,450 | |
| 7 | 1 | $1,095,000 | |
| 8 | 1 | $150,000 | |
| 9 | 1 | $1,300,000 |
Recent SBA 7(a) approvals for Machine Shops in Indiana
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Old Plank Trail Community Bank National Association | MER*****LLC | MERRILLVILLE, IN | $150,000 |
| 2025-05 | Centier Bank | Ech*****LLC | Kokomo, IN | $1,300,000 |
| 2025-02 | Lake City Bank | Ach*****LLC | Brownsburg, IN | $198,000 |
| 2025-02 | 1st Source Bank | Act*****LLC | SOUTH BEND, IN | $5,000,000 |
| 2024-08 | JPMorgan Chase Bank, National Association | Odi*****LLC | GRANGER, IN | $260,000 |
| 2024-07 | The Huntington National Bank | RKU*****TED | INDIANAPOLIS, IN | $500,000 |
| 2024-07 | The Huntington National Bank | RKU*****TED | INDIANAPOLIS, IN | $3,982,400 |
| 2022-08 | German American Bank | Pro*****LLC | MADISON, IN | $845,800 |
| 2021-12 | Field & Main Bank | Day*****Inc | Evansville, IN | $100,000 |
| 2021-12 | Field & Main Bank | Day*****LLC | Evansville, IN | $1,275,000 |
| 2021-06 | First Financial Bank | G&V*****LLC | MILAN, IN | $125,000 |
| 2021-06 | First Financial Bank | Ag *****LLC | MILAN, IN | $60,500 |
| 2021-06 | First Financial Bank | Ag *****LLC | MILAN, IN | $208,800 |
| 2021-05 | 1st Source Bank | Hoo*****LLC | Nappanee, IN | $100,000 |
| 2021-05 | 1st Source Bank | Hoo*****LLC | Nappanee, IN | $750,600 |
| 2020-08 | First Financial Bank | G&V*****LLC | Sunman, IN | $202,500 |
| 2020-08 | 1st Source Bank | PRE*****INC | Fort Wayne, IN | $189,600 |
| 2020-04 | 1st Source Bank | TT *****LLC | Michigan City, IN | $80,000 |
| 2020-01 | Lake City Bank | Sup*****LLC | Nappanee, IN | $226,400 |
| 2019-12 | First Savings Bank | Tru*****nc. | OSSIAN, IN | $1,095,000 |
| 2019-12 | German American Bank | Bre*****ght | Oakland City, IN | $37,100 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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