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
1,068
2010–2026
Total Volume
$400M
Gross loan amounts
States Active
6
With recorded loans
Programs
7(a) & 504
1068 total segments
Horizon Bank has a significant focus on existing businesses, with 52% of their deals supporting established companies. This could be advantageous if you're looking to purchase or expand an existing business.
With an average 7(a) spread of P+1.62%, Horizon 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.
Horizon Bank's growth trend shows a slight decline of 2% year-over-year. This may indicate a tightening in their lending practices, which could affect your chances of approval, especially if you're a first-time borrower.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 156 504 loans, which use fixed SBA debenture rates.
States where Horizon Bank has recorded SBA lending activity.
+ 1 more state
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Other Health Practitioners
Health Care & Social Assistance
Administrative & Waste Services
Administrative & Waste Services
Other Repair & Services
Other Services
Transportation & Warehousing
Transportation & Warehousing
Real Estate
Real Estate
+ 7 more
All recorded SBA lending activity for Horizon Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Manufacturing · Under $150K | 7(a) | 41 | P+2.00% | $88K | Q1 2025 |
| Indiana · Manufacturing · Under $150K | 7(a) | 32 | P+1.88% | $85K | Q3 2025 |
| Michigan · Specialty Trade Contractors · Under $150K | 7(a) | 29 | P+2.00% | $73K | Q2 2025 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 25 | P+2.00% | $83K | Q4 2025 |
| Indiana · Restaurants & Food Service · $150K – $350K | 7(a) | 20 | P+2.04% | $273K | Q3 2024 |
| Indiana · Restaurants & Food Service · Under $150K | 7(a) | 20 | P+2.50% | $86K | Q1 2025 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 20 | P+2.13% | $268K | Q2 2024 |
| Indiana · Manufacturing · $150K – $350K | 7(a) | 19 | P+2.00% | $244K | Q1 2025 |
| Indiana · Specialty Trade Contractors · Under $150K | 7(a) | 16 | P+2.25% | $85K | Q1 2025 |
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 15 | P+1.60% | $263K | Q4 2024 |
| Indiana · Other Health Practitioners · Under $150K | 7(a) | 15 | P+2.00% | $68K | Q3 2024 |
| Michigan · Administrative & Waste Services · Under $150K | 7(a) | 14 | P+1.12% | $93K | Q4 2025 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 7(a) | 13 | P+1.25% | $261K | Q3 2025 |
| Indiana · Manufacturing · $500K – $1M | 7(a) | 12 | P+2.25% | $646K | Q1 2025 |
| Michigan · Other Health Practitioners · Under $150K | 7(a) | 12 | P+1.60% | $84K | Q2 2022 |
| Indiana · Retail Trade · Under $150K | 7(a) | 11 | P+1.75% | $90K | Q2 2025 |
| Indiana · Administrative & Waste Services · Under $150K | 7(a) | 11 | P+2.00% | $82K | Q2 2025 |
| Michigan · Restaurants & Food Service · $350K – $500K | 7(a) | 10 | P+2.13% | $426K | Q1 2025 |
| Indiana · Other Repair & Services · Under $150K | 7(a) | 9 | P+2.00% | $85K | Q2 2023 |
| Indiana · Manufacturing · $1M – $2M | 7(a) | 9 | P+1.65% | $1.5M | Q1 2025 |
| Michigan · Manufacturing · $350K – $500K | 7(a) | 9 | P+1.75% | $441K | Q4 2024 |
| Michigan · Manufacturing · $500K – $1M | 7(a) | 9 | P+1.70% | $660K | Q4 2024 |
| Michigan · Restaurants & Food Service · $500K – $1M | 7(a) | 9 | P+1.00% | $736K | Q3 2025 |
| Indiana · Personal Care (Salons, Spas) · Under $150K | 7(a) | 8 | P+2.63% | $53K | Q2 2022 |
| Indiana · Manufacturing · $350K – $500K | 7(a) | 8 | P+1.88% | $431K | Q4 2023 |
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