Coffee Shop Feasibility Study in the Indianapolis-Carmel-Greenwood, IN Metro Area
What SBA's own loan files show about coffee shop and snack bar lending in the Indianapolis-Carmel-Greenwood, IN Metro Area, and what a feasibility study for a project there has to test.
Indianapolis coffee shops: small tickets, concentrated lender
Coffee shop and snack bar sits 8 of 39 among the classes of Indianapolis, Carmel and Greenwood, and the area sits 34 of 612 among areas for the class. Its location quotient of 0.80x points to a lighter local footprint for coffee and snack bars than the country shows. The area logged 63 loans for $25.2 million, FY2017 to FY2026. Loans here are small: the median is $182,600, at 0.76x of the coffee shop median nationally, with half of the loans between $40,150 and $459,050.
Franchise brands appear on 39.7% of the loans. Marion County has 19 loans, Hamilton County 16 and Johnson County 14. The Huntington National Bank holds 25 7(a) loans for $5.0 million, far ahead of Flagship Enterprise Center, Inc. (dba Bankable) with 6 for $816,500. Loan Analytics withholds the program split. The lender figures show the holders SBA now lists and leave the practices of The Huntington National Bank unassessed. They record holdings alone.
SBA files for this area show that at least 16.0% of FY2017 to FY2024 approvals were cancelled, so the true share may be larger. The charge-off share and the ceiling for undisbursed loans go unprinted because too few loans stand behind them; silence is not nil. The year table: 7 loans and $927,600 in FY2017, 10 and $883,800 in FY2018, 7 and $3.8 million in FY2022, 7 and $5.3 million in FY2023, 11 and $3.6 million in FY2024, 7 and $1.6 million in FY2025, and 6 and $6.3 million in FY2026.
One holder, The Huntington National Bank, has 25 of the 63 loans, far more than any other holder in this cell.
Indianapolis coffee: testing a coffee shop plan
A study for a coffee shop here should test foot traffic and drive-through capture, branded versus independent economics, morning-peak throughput, lease cost against sales, equipment, and coverage of debt service. A coffee shop loan belongs to this area through the county named on the loan, read against the July 2023 delineation; a loan with no county match is skipped. These figures are background to a coffee shop plan, not a prediction that any loan will be approved.
SBA coffee shop and snack bar loans in the Indianapolis-Carmel-Greenwood, IN Metro Area
| Loans approved, FY2017 to FY2026 | 63 |
|---|---|
| Gross dollars approved | $25.2 million |
| Median loan | $182,600 |
| Middle half of loans, from | $40,150 |
| Middle half of loans, to | $459,050 |
| SBA 7(a) loans | withheld |
| SBA 504 loans | withheld |
| Franchise share of loans | 39.7% |
| Rank among metro and micro areas for coffee shop and snack bar loans | 34 of 612 |
| Rank of coffee shop and snack bar among the classes in this area | 8 of 39 |
| Location quotient (share of loans against the national share) | 0.80x |
| Median loan against the national median for the class | 0.76x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 16.0% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 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 coffee shop and snack bar loans approved in the Indianapolis-Carmel-Greenwood, IN Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 7 | $927,600 |
| FY2018 | 10 | $883,800 |
| FY2019 | withheld | withheld |
| FY2020 | withheld | withheld |
| FY2021 | withheld | withheld |
| FY2022 | 7 | $3.8 million |
| FY2023 | 7 | $5.3 million |
| FY2024 | 11 | $3.6 million |
| FY2025 | 7 | $1.6 million |
| FY2026 | 6 | $6.3 million |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| The Huntington National Bank | 25 | $5.0 million |
| Flagship Enterprise Center, Inc. (dba Bankable) | 6 | $816,500 |
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
| County | Loans |
|---|---|
| Marion County, IN | 19 |
| Hamilton County, IN | 16 |
| Johnson County, IN | 14 |
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.
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-C39.
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