STRONG
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
2,073
2010–2026
Total Volume
$374M
Gross loan amounts
States Active
11
With recorded loans
Programs
7(a) & 504
2073 total segments
1st Source Bank has a strong focus on existing businesses, with 51% of their deals supporting established companies. This could be beneficial if you're looking to expand or refinance an existing operation.
Their average 7(a) spread of P+2.21% is lower than the national median of P+2.75%, making them a cost-effective option for financing your business needs.
With 8% of their deals being 504 loans, 1st Source Bank offers some options for real estate financing, but if you're primarily seeking 504 loans, you may want to consider other lenders with a higher focus in that area.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 172 504 loans, which use fixed SBA debenture rates.
States where 1st Source Bank has recorded SBA lending activity.
+ 6 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Transportation & Warehousing
Transportation & Warehousing
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Administrative & Waste Services
Administrative & Waste Services
Wholesale Trade
Wholesale Trade
Other Health Practitioners
Health Care & Social Assistance
Retail Trade
Retail Trade
+ 7 more
All recorded SBA lending activity for 1st Source Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Indiana · Transportation & Warehousing · Under $150K | 7(a) | 310 | P+2.75% | $42K | Q4 2025 |
| Indiana · Manufacturing · Under $150K | 7(a) | 133 | P+2.25% | $64K | Q3 2025 |
| Indiana · Restaurants & Food Service · Under $150K | 7(a) | 109 | P+2.25% | $61K | Q3 2024 |
| Indiana · Administrative & Waste Services · Under $150K | 7(a) | 84 | P+2.25% | $48K | Q3 2025 |
| Indiana · Specialty Trade Contractors · Under $150K | 7(a) | 83 | P+2.00% | $62K | Q4 2025 |
| Indiana · Restaurants & Food Service · $150K – $350K | 7(a) | 52 | P+2.50% | $234K | Q3 2025 |
| Indiana · Wholesale Trade · Under $150K | 7(a) | 51 | P+2.25% | $66K | Q3 2024 |
| Indiana · Manufacturing · $150K – $350K | 7(a) | 46 | P+2.00% | $243K | Q4 2025 |
| Indiana · Other Health Practitioners · Under $150K | 7(a) | 39 | P+2.00% | $62K | Q1 2025 |
| Indiana · Retail Trade · Under $150K | 7(a) | 38 | P+2.25% | $54K | Q2 2024 |
| Indiana · Other Repair & Services · Under $150K | 7(a) | 36 | P+2.50% | $59K | Q3 2024 |
| Indiana · Building Construction · Under $150K | 7(a) | 36 | P+1.75% | $53K | Q1 2024 |
| Indiana · Personal Care (Salons, Spas) · Under $150K | 7(a) | 35 | P+2.75% | $41K | Q3 2024 |
| Indiana · Other Professional Services · Under $150K | 7(a) | 28 | P+2.00% | $80K | Q2 2025 |
| Indiana · Arts, Entertainment & Recreation · Under $150K | 7(a) | 28 | P+2.31% | $53K | Q3 2024 |
| Indiana · General Merchandise · Under $150K | 7(a) | 28 | P+2.42% | $49K | Q1 2023 |
| Indiana · Finance & Insurance · Under $150K | 7(a) | 26 | P+2.00% | $61K | Q2 2022 |
| Indiana · Auto Repair & Maintenance · Under $150K | 7(a) | 25 | P+2.25% | $75K | Q1 2025 |
| Indiana · Engineering & Architecture · Under $150K | 7(a) | 20 | P+2.25% | $69K | Q1 2025 |
| Indiana · Social Assistance · Under $150K | 7(a) | 19 | P+2.25% | $51K | Q1 2024 |
| Michigan · Specialty Trade Contractors · Under $150K | 7(a) | 18 | P+2.00% | $47K | Q1 2022 |
| Indiana · Specialty Trade Contractors · $150K – $350K | 7(a) | 18 | P+2.50% | $256K | Q2 2022 |
| Indiana · Education · Under $150K | 7(a) | 17 | P+2.25% | $61K | Q2 2022 |
| Indiana · Real Estate · Under $150K | 7(a) | 16 | P+2.13% | $59K | Q1 2025 |
| Indiana · Agriculture & Forestry · Under $150K | 7(a) | 16 | P+2.38% | $40K | Q1 2023 |
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