First Internet Bank of Indiana
Headquartered in FISHERS, IN. Analysis based on 1,764 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $2.31B.
Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023),
First Internet Bank of Indiana ranks #55 by charge-off rate (3.40%).
Total 7(a) loans
1,764
Total approved
$2.31B
Average loan
$1.3M
States funded in
49
Charge-off rate
3.40%
FY2020–FY2023 cohort
Paid-in-full rate
18.03%
Average rate
9.38%
Average term
140 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 105 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 75 |
| 238990 | All Other Specialty Trade Contractors | 64 |
| 561730 | Landscaping Services | 51 |
| 722513 | Limited-Service Restaurants | 43 |
| 238210 | Electrical Contractors | 34 |
| 713940 | Fitness and Recreational Sports Centers | 29 |
| 812199 | Other Personal Care Services | 25 |
| 311811 | Retail Bakeries | 24 |
| 236118 | Residential Remodelers | 23 |
Top 10 states
| State | Loans |
|---|---|
| FL | 298 |
| TX | 240 |
| CA | 196 |
| MI | 155 |
| IN | 88 |
| CO | 83 |
| GA | 57 |
| IL | 51 |
| NC | 44 |
| NY | 41 |
Top franchise brands financed
203 franchise loans across 129 distinct brands.
| Franchise | Loans |
|---|---|
| Crumbl | 12 |
| Petland/Safari Stan's | 11 |
| GLO TANNING | 8 |
| PickUp USA Fitness | 6 |
| Face Foundrie | 5 |
| The UPS Store (f/k/a Mail Box | 4 |
| Sky Zone Indoor Trampoline Par | 3 |
| Hotworx | 3 |
| Firehouse Subs | 3 |
| Nothing Bundt Cakes | 3 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.