First Internet Bank of Indiana
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Internet Bank of Indiana
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 840 | $960.9M | $1.1M | 6.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 600 | $853.1M | $1.4M | 4.3% |
| 238990 | All Other Specialty Trade Contractors | 512 | $586.2M | $1.1M | 3.6% |
| 561730 | Landscaping Services | 408 | $421.0M | $1.0M | 2.9% |
| 445320 | Other | 408 | $521.0M | $1.3M | 2.9% |
| 722513 | Limited-Service Restaurants | 344 | $250.0M | $727K | 2.4% |
| 238210 | Electrical Contractors | 272 | $448.6M | $1.6M | 1.9% |
| 713940 | Fitness and Recreational Sports Centers | 232 | $219.3M | $945K | 1.6% |
| 812199 | Other Personal Care Services | 200 | $257.2M | $1.3M | 1.4% |
| 311811 | Retail Bakeries | 192 | $147.1M | $766K | 1.4% |
Geographic Distribution
SBA lending activity for First Internet Bank of Indiana by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 2,384 | $3.27B | 16.9% |
| Texas (TX) | 1,920 | $2.37B | 13.6% |
| California (CA) | 1,568 | $2.03B | 11.1% |
| Michigan (MI) | 1,240 | $1.69B | 8.8% |
| Indiana (IN) | 704 | $856.4M | 5.0% |
| Colorado (CO) | 664 | $679.6M | 4.7% |
| Illinois (IL) | 408 | $586.8M | 2.9% |
| Georgia (GA) | 456 | $566.9M | 3.2% |
| New York (NY) | 328 | $510.5M | 2.3% |
| North Carolina (NC) | 352 | $485.9M | 2.5% |
| Washington (WA) | 320 | $477.8M | 2.3% |
| Nevada (NV) | 320 | $422.2M | 2.3% |
| Maryland (MD) | 216 | $367.8M | 1.5% |
| Utah (UT) | 208 | $367.7M | 1.5% |
| Arizona (AZ) | 304 | $340.9M | 2.2% |
| Pennsylvania (PA) | 200 | $332.9M | 1.4% |
| Ohio (OH) | 312 | $331.7M | 2.2% |
| Virginia (VA) | 168 | $329.8M | 1.2% |
| Wisconsin (WI) | 296 | $325.6M | 2.1% |
| South Carolina (SC) | 160 | $193.8M | 1.1% |
| New Jersey (NJ) | 136 | $180.6M | 1.0% |
| Massachusetts (MA) | 136 | $153.0M | 1.0% |
| Louisiana (LA) | 88 | $122.6M | 0.6% |
| Alaska (AK) | 48 | $107.0M | 0.3% |
| Minnesota (MN) | 80 | $105.0M | 0.6% |
| Kansas (KS) | 72 | $103.9M | 0.5% |
| Missouri (MO) | 72 | $95.9M | 0.5% |
| Tennessee (TN) | 104 | $85.6M | 0.7% |
| Arkansas (AR) | 80 | $85.5M | 0.6% |
| Oregon (OR) | 88 | $79.8M | 0.6% |
| Nebraska (NE) | 40 | $74.6M | 0.3% |
| Iowa (IA) | 64 | $72.4M | 0.5% |
| Alabama (AL) | 64 | $70.2M | 0.5% |
| Kentucky (KY) | 56 | $68.1M | 0.4% |
| Wyoming (WY) | 40 | $61.2M | 0.3% |
| Montana (MT) | 48 | $53.5M | 0.3% |
| Connecticut (CT) | 56 | $52.6M | 0.4% |
| Oklahoma (OK) | 56 | $51.8M | 0.4% |
| North Dakota (ND) | 32 | $42.0M | 0.2% |
| New Hampshire (NH) | 24 | $41.9M | 0.2% |
| New Mexico (NM) | 32 | $40.7M | 0.2% |
| Idaho (ID) | 56 | $34.2M | 0.4% |
| Delaware (DE) | 16 | $33.6M | 0.1% |
| Rhode Island (RI) | 32 | $33.2M | 0.2% |
| District of Columbia (DC) | 32 | $25.4M | 0.2% |
| Mississippi (MS) | 8 | $8.3M | 0.1% |
| Hawaii (HI) | 8 | $8.0M | 0.1% |
| Vermont (VT) | 8 | $7.2M | 0.1% |
| West Virginia (WV) | 8 | $2.0M | 0.1% |
Why Choose First Internet Bank of Indiana?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 14,112 SBA loans approved, totaling $18.44B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Plumbing, Heating, and Air-Conditioning Contractors, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 9.38% with flexible term lengths averaging 140 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 49 states, with strong presence in FL, TX, CA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First Internet Bank of Indiana SBA lending
What types of businesses does First Internet Bank of Indiana typically finance?
First Internet Bank of Indiana specializes in SBA 7(a) lending to specific industries including full-service restaurants, plumbing, heating, and air-conditioning contractors, all other specialty trade contractors, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Internet Bank of Indiana's typical SBA loan terms?
First Internet Bank of Indiana's SBA 7(a) loans typically feature an average interest rate of 9.38% and average term length of 140 months (approximately 12 years). Loan sizes range from $25K to $5.0M, with an average loan size of $1.3M.
Do I need a business valuation for a First Internet Bank of Indiana SBA loan?
Yes, First Internet Bank of Indiana typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First Internet Bank of Indiana compare to other SBA lenders?
First Internet Bank of Indiana has originated 14,112 SBA loans totaling $18.44B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First Internet Bank of Indiana lend in?
First Internet Bank of Indiana provides SBA 7(a) financing with particularly strong presence in FL, TX, CA, MI, IN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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