Indiana Statewide Certified Development Corporation: SBA Lending Record

What SBA's own loan files show about Indiana Statewide Certified Development Corporation as an SBA lender, and how a lender's record bears on a feasibility study.

Indiana Statewide as holder

Indiana Statewide Certified Development Corporation holds 447 loans for FY2017 to FY2026. At Indiana Statewide, the gross dollars approved are $411.8 million. All 447 are SBA 504 loans at Indiana Statewide. Indiana Statewide has 0 SBA 7(a) loans among 447. Indiana Statewide is a Certified Development Company. At Indiana Statewide, first-lien lenders are free text. The Indiana Statewide file does not credit them. Indiana Statewide: state of record Indiana. Indiana Statewide is shown as holder of 447 loans at last record, or now. At Indiana Statewide, SBA stands behind the 447. A loan Indiana Statewide passed on no longer shows under Indiana Statewide.

Indiana Statewide: named classes

299 of the 447 loans at Indiana Statewide are unplaced. That limits Indiana Statewide's class view. Indiana Statewide: full-service restaurant first, at 22; hotel and motel at 20, child care center at 17. Then at Indiana Statewide: limited-service restaurant at 11, gas station and truck stop at 10, then beverage manufacturing at 10. Lower at Indiana Statewide: self storage at 7; dental office at 7, fitness center at 7. Next at Indiana Statewide: car wash at 6, next automotive mechanical repair at 6; rehabilitation and therapy clinic at 5. With 299 unplaced loans in front, Indiana Statewide offers class evidence for part of 447.

Indiana Statewide: states

The state table for Indiana Statewide lists Indiana alone, at 440 loans. A project in Indiana meets a Indiana Statewide book. For a project elsewhere, Indiana Statewide gives no state count.

Indiana Statewide: the floors

Indiana Statewide's FY2017 to FY2024 approvals: 10.8% or more cancelled, a floor among 447. Our own rule withholds the Indiana Statewide charge-off rate. Indiana Statewide's cohorts are too small. Indiana Statewide ceiling: 15.6%, counting undisbursed loans as cancelled.

Indiana Statewide: how to read it

The Indiana Statewide record gives a book's shape. 447 loans mark where Indiana Statewide holds SBA loans. 10.8% cancelled marks where Indiana Statewide approvals fell away, a floor for 447. Neither figure decides a Indiana Statewide request. A Indiana Statewide request has own demand and cost. The Indiana Statewide study should say which of the 447 loans resemble the project. For Indiana Statewide, it should name differences. 447 loans, read plainly, give Indiana Statewide a fair view. A floor of 10.8% is history for Indiana Statewide, not a forecast.

Indiana Statewide: study to bring

A borrower weighing Indiana Statewide should treat 447 loans as context, not a promise from Indiana Statewide. In full-service restaurant, Indiana Statewide shows 22 loans as a reference point. Indiana Statewide: the study tests sales per seat. Indiana Statewide needs labour cost tested too. Show Indiana Statewide coverage in a slow year too. Indiana Statewide needs an appraisal that supports it. Indiana Statewide offers just 299 unplaced loans for an unnamed type. Indiana Statewide's study makes the case. Indiana Statewide holds 440 loans in Indiana. Elsewhere, Indiana Statewide holdings need a reason. Cancelled at Indiana Statewide: a floor of 10.8%. Approval is not funding. A Indiana Statewide study should hold up under delay.

SBA loans held by Indiana Statewide Certified Development Corporation

SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).

7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.

Loans approved, FY2017 to FY2026447
Gross dollars approved$411.8 million
SBA 7(a) loans0
SBA 504 loans447

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)10.8%
The same, counting loans still undisbursed as cancelled (a ceiling)15.6%
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.

Loans by asset class

Asset classLoans
Not in any of the 39 asset classes299
Full-service restaurant22
Hotel and motel20
Child care center17
Limited-service restaurant11
Gas station and truck stop10
Beverage manufacturing (breweries, wineries, distilleries)10
Self storage7
Dental office7
Fitness center7
Car wash6
Automotive mechanical repair (car and truck)6
Rehabilitation and therapy clinic5

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

Loans by project state

State or areaLoans
Indiana440

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

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; Loan Analytics lender cell LP-cdc-0188286.

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Indiana Statewide Certified Development Corporation or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

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