GOOD
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.
STRONG
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
2,026
2010–2026
Total Volume
$2.5B
Gross loan amounts
States Active
49
With recorded loans
Programs
7(a) & 504
2026 total segments
First Internet Bank of Indiana has a strong focus on startups, with 45% of their SBA deals aimed at new businesses. This could be beneficial if you're a first-time borrower looking for support in launching your venture.
With an average 7(a) spread of P+2.56%, First Internet Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
Although First Internet Bank has minimal 504 presence, they have a solid volume of loans in the $500K-$1M range, indicating they are well-suited for mid-sized financing needs, especially for acquisitions or expansions.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 38 504 loans, which use fixed SBA debenture rates.
Top 15 of 49 states where First Internet Bank of Indiana has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Specialty Trade Contractors
Construction
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Administrative & Waste Services
Administrative & Waste Services
Miscellaneous Retail
Retail Trade
Food & Beverage Stores
Retail Trade
Wholesale Trade
Wholesale Trade
Management & IT Consulting
Professional Services
+ 7 more
All recorded SBA lending activity for First Internet Bank of Indiana, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Food & Beverage Stores · $1M – $2M | 7(a) | 25 | P+2.75% | $1.4M | Q4 2025 |
| Michigan · Food & Beverage Stores · $500K – $1M | 7(a) | 20 | P+2.75% | $760K | Q2 2025 |
| Florida · Specialty Trade Contractors · $1M – $2M | 7(a) | 19 | P+2.75% | $1.5M | Q3 2025 |
| Illinois · Restaurants & Food Service · $150K – $350K | 7(a) | 16 | P+2.75% | $268K | Q2 2022 |
| Michigan · Food & Beverage Stores · $2M – $5M | 7(a) | 14 | P+2.13% | $2.8M | Q1 2025 |
| Florida · Specialty Trade Contractors · $2M – $5M | 7(a) | 13 | P+2.50% | $3.3M | Q4 2025 |
| Indiana · Restaurants & Food Service · $150K – $350K | 7(a) | 13 | P+2.75% | $314K | Q2 2022 |
| Florida · Specialty Trade Contractors · Under $150K | 7(a) | 12 | P+2.75% | $111K | Q4 2025 |
| Illinois · Restaurants & Food Service · $350K – $500K | 7(a) | 11 | P+2.50% | $452K | Q3 2017 |
| Texas · Specialty Trade Contractors · $2M – $5M | 7(a) | 11 | P+2.75% | $2.9M | Q3 2025 |
| Florida · Specialty Trade Contractors · $150K – $350K | 7(a) | 10 | P+2.75% | $254K | Q3 2025 |
| Illinois · Restaurants & Food Service · $1M – $2M | 7(a) | 10 | P+2.50% | $1.5M | Q1 2024 |
| Illinois · Restaurants & Food Service · $500K – $1M | 7(a) | 10 | P+2.25% | $725K | Q3 2023 |
| Florida · Restaurants & Food Service · $500K – $1M | 7(a) | 10 | P+2.75% | $627K | Q2 2025 |
| Florida · Specialty Trade Contractors · $500K – $1M | 7(a) | 10 | P+2.50% | $837K | Q4 2025 |
| Texas · Restaurants & Food Service · $500K – $1M | 7(a) | 8 | P+2.38% | $775K | Q4 2023 |
| Texas · Specialty Trade Contractors · $1M – $2M | 7(a) | 8 | P+2.50% | $1.5M | Q4 2025 |
| Texas · Specialty Trade Contractors · $150K – $350K | 7(a) | 8 | P+2.75% | $295K | Q4 2025 |
| Florida · Administrative & Waste Services · $1M – $2M | 7(a) | 7 | P+2.75% | $1.4M | Q2 2025 |
| Texas · Manufacturing · $2M – $5M | 7(a) | 7 | P+2.25% | $3.3M | Q4 2025 |
| California · Restaurants & Food Service · $500K – $1M | 7(a) | 7 | P+2.75% | $667K | Q3 2025 |
| Texas · Administrative & Waste Services · $500K – $1M | 7(a) | 7 | P+2.50% | $663K | Q2 2025 |
| California · Restaurants & Food Service · $1M – $2M | 7(a) | 7 | P+2.75% | $1.3M | Q4 2023 |
| Michigan · Restaurants & Food Service · $1M – $2M | 7(a) | 7 | P+2.50% | $1.5M | Q4 2025 |
| California · Specialty Trade Contractors · $2M – $5M | 7(a) | 7 | P+2.50% | $3.0M | Q3 2025 |
Get a free personalized report comparing this lender against the best matches for your specific situation.
Free. No broker fees. Results in 10-15 minutes.
Real experiences from borrowers who closed SBA loans with First Internet Bank of Indiana.
No reviews yet. Be the first to review First Internet Bank of Indiana.
Listen to acquisition entrepreneurs share their experience
Acquiring Minds
Matt Jackson · USI Roofing
$990K · FL · 2022
Acquiring Minds
Grania Michael · Associated Photo and Imaging
$150K · FL · 2024
Acquiring Minds
Matt Barnes · Professional Touch Laundry Service
$689K
Matched to real SBA lending records. LenderHawk is not affiliated with or endorsed by these podcasts.