A charge-off rate of 0.00% on 52 funded loans

Columbus, IN is Bartholomew County alone, with 129 loans and $93.1 million from FY2017 to FY2026, 411th of 928 by loan count. Looking at 52 loans funded out of earlier approvals, SBA's charge-off figure is 0.00% so far and 0.00% on the five-year measure. On a base this small, one failure could change either figure, and open loans may still move them. Cancellation after approval is a flat 11.5% for approvals through FY2024, since floor and ceiling coincide.

Programme mix is 109 under 7(a) and 20 under 504, with Premier Capital Corporation holding 15 of the 504 loans for $8.7 million. The $250,000 median equals 1.20x the national level; the middle loans span $100,000 to $892,000, and 17.1% carry a franchise brand. Bartholomew County holds all 129 loans, so every comparison in this record is local. First Financial Bank (OH) leads the 7(a) table by count, but with no loss rate beyond the zero figures, a lender will lean on the study for evidence.

Class list and holders

Hotel and motel has 8 loans and automotive mechanical repair 5, and 92 loans belong to no tracked class. First Financial Bank (OH) holds 18 7(a) loans worth $9.2 million, The Huntington National Bank 11 worth $5.9 million, German American Bank 10 worth $3.0 million, Centra Credit Union 9 worth $2.6 million and Old National Bank 5 worth $6.0 million. The list reflects SBA's holder records and no bank's practice.

Approvals fell as low as 7 loans in FY2018 and reached 21 loans and $21.0 million in FY2025, while FY2023 produced $17.4 million on 12 loans.

What a study should do with a zero

A study should treat 0.00% on this base as an observation and not as a guarantee, stress debt service coverage regardless, and check that the appraisal holds. It should test demand in Bartholomew County for the use, measure cost against loans that run a little higher than the country's, and show that the loan can close despite the cancellation floor. Hotel and motel, with 8 loans, is the one sizeable class in the record, so a lodging project has the closest local precedent and other uses have almost none. The county enters through the 2023 delineation. Nothing here promises approval to a lender or a borrower.

SBA loans in the Columbus, IN Metro Area

Loans approved, FY2017 to FY2026	129
Gross dollars approved	$93.1 million
Median loan	$250,000
Middle half of loans, from	$100,000
Middle half of loans, to	$892,000
SBA 7(a) loans	109
SBA 504 loans	20
Franchise share of loans	17.1%
Rank among metro and micro areas by loans	411 of 928
Median loan against the national median	1.20x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	11.5%
The same, counting loans still undisbursed as cancelled (a ceiling)	11.5%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	0.00%
Charged off within five years of approval	0.00%
Loans in that cohort	52

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 loans approved in the Columbus, IN Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	11	$7.2 million
FY2018	7	$4.5 million
FY2019	17	$12.9 million
FY2020	9	$4.0 million
FY2021	13	$8.1 million
FY2022	17	$4.6 million
FY2023	12	$17.4 million
FY2024	10	$6.7 million
FY2025	21	$21.0 million
FY2026	12	$6.9 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	92
Hotel and motel	8
Automotive mechanical repair (car and truck)	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Premier Capital Corporation	15	$8.7 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
First Financial Bank (OH)	18	$9.2 million
The Huntington National Bank	11	$5.9 million
German American Bank	10	$3.0 million
Centra Credit Union	9	$2.6 million
Old National Bank	5	$6.0 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

County	Loans
Bartholomew County, IN	129

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.

All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.

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 MT-18020.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Columbus, 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.

Daniel Smith, MAI

Feasibility Study Data for the Columbus, IN Metro Area