Brewery, Winery and Distillery Feasibility Study in the Indianapolis-Carmel-Greenwood, IN Metro Area

What SBA's own loan files show about beverage manufacturing (breweries, wineries, distilleries) lending in the Indianapolis-Carmel-Greenwood, IN Metro Area, and what a feasibility study for a project there has to test.

How Indianapolis-Carmel-Greenwood ranks for brewery, winery and distillery

With 51 SBA approvals worth $25.6 million between FY2017 and FY2026, Indianapolis-Carmel-Greenwood, IN stands 14 of 443 among metro and micro areas. Indianapolis-Carmel-Greenwood's brewery, winery and distillery share of loans is 1.38x the share seen nationally: Indianapolis-Carmel-Greenwood leans toward the class. Ranked inside Indianapolis-Carmel-Greenwood, the class sits 11 of 39, a midfield line. Project counties here sit in Indiana.

The median Indianapolis-Carmel-Greenwood loan comes to $249,000, with its middle half between $62,500 and $546,750. The median is 0.86x the median nationally for the class, so Indianapolis-Carmel-Greenwood borrowers take smaller loans. For Indianapolis-Carmel-Greenwood, SBA 504 accounts for 11 loans and SBA 7(a) for 40. Franchising among loans in Indianapolis-Carmel-Greenwood is 0.00%.

Brewery, winery and distillery lenders in Indianapolis-Carmel-Greenwood

Under 7(a) in Indianapolis-Carmel-Greenwood, SBA records these holders The Huntington National Bank reports 11 loans, $1.1 million in all. The 504 table for Indianapolis-Carmel-Greenwood is empty. Each Indianapolis-Carmel-Greenwood row is an SBA record. The Indianapolis-Carmel-Greenwood lenders named hold or held them. Indianapolis-Carmel-Greenwood figures show files, not conduct. No Indianapolis-Carmel-Greenwood row says what a lender requires. In Indianapolis-Carmel-Greenwood, by county, Marion County, IN records 19 loans, then Hamilton County, IN at 10 and Hendricks County, IN at 6.

Year by year, Indianapolis-Carmel-Greenwood shows FY2017 (12 loans, $3.1 million), FY2018 (8 loans, $1.2 million), FY2021 (5 loans, $6.4 million) and FY2024 (6 loans, $6.3 million). FY2019, FY2020, FY2022, FY2023, FY2025 and FY2026 are not published for Indianapolis-Carmel-Greenwood, because Loan Analytics withholds a year with too few loans, so Indianapolis-Carmel-Greenwood's gaps mean unpublished, never zero. The Indianapolis-Carmel-Greenwood cancellation floor is withheld. Too few Indianapolis-Carmel-Greenwood approvals exist to print one. Indianapolis-Carmel-Greenwood carries no printed charge-off floor. Indianapolis-Carmel-Greenwood's thin cohort stays unpublished. All Indianapolis-Carmel-Greenwood totals use federal lines from July 2023, where Indianapolis-Carmel-Greenwood loans are placed by county, and Indianapolis-Carmel-Greenwood omits unmatched counties. The industry code states only that a borrower brews, ferments or distills, so a visit to a taproom or tasting bar is hidden in Indianapolis-Carmel-Greenwood; the class holds only those three.

Proving a brewery, winery and distillery project in Indianapolis-Carmel-Greenwood

For a brewery, winery and distillery project in Indianapolis-Carmel-Greenwood, IN, the record gives context; a study proves. Indianapolis-Carmel-Greenwood analysis should establish coverage during a slow volume ramp. For Indianapolis-Carmel-Greenwood, the study should address taproom, distribution and events, separately. Each Indianapolis-Carmel-Greenwood study must establish visitors a taproom can truly draw. Lenders in Indianapolis-Carmel-Greenwood will look for how inventory is financed for months. For Indianapolis-Carmel-Greenwood, we would first examine existing producers by volume and style. For Indianapolis-Carmel-Greenwood: demand, cost, coverage, value. Indianapolis-Carmel-Greenwood lenders receive a file to examine.

SBA beverage manufacturing (breweries, wineries, distilleries) loans in the Indianapolis-Carmel-Greenwood, IN Metro Area

Loans approved, FY2017 to FY202651
Gross dollars approved$25.6 million
Median loan$249,000
Middle half of loans, from$62,500
Middle half of loans, to$546,750
SBA 7(a) loans40
SBA 504 loans11
Franchise share of loans0.00%
Rank among metro and micro areas for beverage manufacturing (breweries, wineries, distilleries) loans14 of 443
Rank of beverage manufacturing (breweries, wineries, distilleries) among the classes in this area11 of 39
Location quotient (share of loans against the national share)1.38x
Median loan against the national median for the class0.86x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA beverage manufacturing (breweries, wineries, distilleries) loans approved in the Indianapolis-Carmel-Greenwood, IN Metro Area, by fiscal year

02.557.51012.5FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Loans, FY2017: 12Loans, FY2018: 8Loans, FY2021: 5Loans, FY2024: 6
Fiscal yearLoansDollars
FY201712$3.1 million
FY20188$1.2 million
FY2019withheldwithheld
FY2020withheldwithheld
FY20215$6.4 million
FY2022withheldwithheld
FY2023withheldwithheld
FY20246$6.3 million
FY2025withheldwithheld
FY2026withheldwithheld

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
LenderLoansDollars
The Huntington National Bank11$1.1 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

CountyLoans
Marion County, IN19
Hamilton County, IN10
Hendricks County, IN6

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

The code says the borrower makes beer, wine or spirits; a taproom, tasting room or event use is not visible. The class holds breweries, wineries and distilleries only; the rest of manufacturing is not in it.

Shared code: Wineries are in this class.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-26900-C08.

Loan Analytics prepares the feasibility study a lender reads before it commits: for a beverage manufacturing (breweries, wineries, distilleries) project in the Indianapolis-Carmel-Greenwood, IN Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

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