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.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
723
2010–2026
Total Volume
$550M
Gross loan amounts
States Active
7
With recorded loans
Programs
504
723 total segments
As a 504-only lender, Indiana Statewide Certified Development focuses exclusively on real estate and equipment financing, making them ideal for established businesses looking to expand or invest in property. This specialization is evident in their 78% of deals going to existing businesses, which is significantly higher than the national average for 504 lenders.
With an average deal size of $761,354, Indiana Statewide Certified Development is well-suited for businesses seeking substantial financing. Their top deal size bands indicate a strong focus on mid-sized loans, particularly in the $150K-$350K and $500K-$1M ranges, which may appeal to businesses in growth phases.
The lender has shown a positive growth trend with a 12% year-over-year increase in deals, indicating a strong demand for their services. This growth suggests they are successfully meeting the needs of borrowers in Indiana and surrounding states, making them a reliable option for financing.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 723 504 loans, which use fixed SBA debenture rates.
States where Indiana Statewide Certified De has recorded SBA lending activity.
+ 2 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Hotels & Accommodation
Accommodation & Food Services
Other Health Practitioners
Health Care & Social Assistance
Administrative & Waste Services
Administrative & Waste Services
Wholesale Trade
Wholesale Trade
Real Estate
Real Estate
Auto Repair & Maintenance
Other Services
+ 7 more
All recorded SBA lending activity for Indiana Statewide Certified De, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Indiana · Manufacturing · $150K – $350K | 504 | 29 | — | $256K | Q2 2025 |
| Indiana · Manufacturing · $500K – $1M | 504 | 28 | — | $715K | Q3 2022 |
| Indiana · Restaurants & Food Service · $150K – $350K | 504 | 23 | — | $271K | Q3 2025 |
| Indiana · Manufacturing · $1M – $2M | 504 | 21 | — | $1.4M | Q1 2024 |
| Indiana · Restaurants & Food Service · $500K – $1M | 504 | 20 | — | $712K | Q4 2025 |
| Indiana · Restaurants & Food Service · $350K – $500K | 504 | 18 | — | $410K | Q4 2024 |
| Indiana · Other Health Practitioners · $150K – $350K | 504 | 14 | — | $246K | Q1 2025 |
| Indiana · Administrative & Waste Services · $150K – $350K | 504 | 14 | — | $243K | Q4 2024 |
| Indiana · Hotels & Accommodation · $500K – $1M | 504 | 12 | — | $795K | Q1 2025 |
| Indiana · Specialty Trade Contractors · $150K – $350K | 504 | 12 | — | $250K | Q3 2025 |
| Indiana · Hotels & Accommodation · $1M – $2M | 504 | 12 | — | $1.4M | Q2 2024 |
| Indiana · Manufacturing · Under $150K | 504 | 12 | — | $102K | Q1 2021 |
| Indiana · Physician & Dental Offices · $500K – $1M | 504 | 11 | — | $736K | Q2 2024 |
| Indiana · Manufacturing · $350K – $500K | 504 | 11 | — | $440K | Q3 2025 |
| Indiana · Hotels & Accommodation · $2M – $5M | 504 | 10 | — | $3.6M | Q2 2024 |
| Indiana · Other Health Practitioners · $500K – $1M | 504 | 10 | — | $680K | Q3 2025 |
| Indiana · Wholesale Trade · $500K – $1M | 504 | 10 | — | $636K | Q3 2025 |
| Indiana · Gas Stations · $150K – $350K | 504 | 10 | — | $304K | Q3 2018 |
| Indiana · Wholesale Trade · $150K – $350K | 504 | 9 | — | $219K | Q2 2022 |
| Indiana · Restaurants & Food Service · $1M – $2M | 504 | 9 | — | $1.4M | Q3 2025 |
| Indiana · Real Estate · $150K – $350K | 504 | 9 | — | $225K | Q2 2025 |
| Indiana · Restaurants & Food Service · Under $150K | 504 | 9 | — | $111K | Q2 2023 |
| Indiana · Social Assistance · $1M – $2M | 504 | 8 | — | $1.4M | Q1 2025 |
| Indiana · Auto Repair & Maintenance · $150K – $350K | 504 | 8 | — | $257K | Q2 2025 |
| Indiana · Gas Stations · $500K – $1M | 504 | 8 | — | $680K | Q4 2020 |
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Real experiences from borrowers who closed SBA loans with Indiana Statewide Certified De.
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