Large tickets and a franchise lean

Terre Haute posts large tickets for its size. Terre Haute puts its median at $337,000. Terre Haute is 1.62x the national figure. For Terre Haute, half of loans run $150,000 to $1.0 million. The central half reaches $1.0 million at its top edge. SBA approved 120 loans across FY2017 to FY2026, $86.9 million gross, rank 431 of 928; the split is 115 under 7(a) and just 5 under 504. Brands hold 21.7% of the count.

Terre Haute's class table runs limited-service restaurant 11, full-service restaurant 9, hotel and motel 8, then gas station and truck stop 6; 67 loans sit outside the classes. Vigo County holds 87 loans, Clay County 21 and Vermillion County 7. FY2017 had 9 loans and $8.3 million, FY2023 7 loans and $11.5 million, the low count with an unusually high dollar total, FY2025 18 loans and $9.8 million, and FY2026 18 loans and $8.4 million. That FY2023 mismatch shows how a few large loans can dominate a small area's year.

Terre Haute lenders

The Riddell National Bank holds 34 loans and $15.6 million under 7(a), Old National Bank 14 loans and $12.4 million and First Financial Bank, National Association 6 loans and $1.7 million. Terre Haute names no 504 lender. Terre Haute lists name holders from SBA's records. Terre Haute holders hold or held those loans. Terre Haute volume is no verdict on lender practice. Terre Haute counts promise no requirement.

Terre Haute floors and the study

In Terre Haute, cancellations ran at least 9.5%. That covers Terre Haute approvals FY2017 to FY2024. Terre Haute's ceiling is withheld, as Terre Haute lacks loans to support one. Terre Haute reports no charge-off rate. Too few Terre Haute loans back one; Terre Haute is not a zero. Terre Haute floors rise if open Terre Haute loans go bad. Terre Haute counts by county. Terre Haute's members follow the July 2023 delineation. Terre Haute matches counties by name, Terre Haute drops those that fail to place, and Terre Haute keeps approvals outside named classes. In Terre Haute a franchised limited-service project should set royalty cost against sales, and every project should size cost to a large ticket and compare value with Vigo County sales. Terre Haute studies come from Loan Analytics. Terre Haute studies are signed by Daniel Smith, MAI.

SBA loans in the Terre Haute, IN Metro Area

Loans approved, FY2017 to FY2026	120
Gross dollars approved	$86.9 million
Median loan	$337,000
Middle half of loans, from	$150,000
Middle half of loans, to	$1.0 million
SBA 7(a) loans	115
SBA 504 loans	5
Franchise share of loans	21.7%
Rank among metro and micro areas by loans	431 of 928
Median loan against the national median	1.62x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	9.5%
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 loans approved in the Terre Haute, IN Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	9	$8.3 million
FY2018	13	$7.0 million
FY2019	11	$10.1 million
FY2020	10	$5.4 million
FY2021	11	$9.7 million
FY2022	11	$6.0 million
FY2023	7	$11.5 million
FY2024	12	$10.6 million
FY2025	18	$9.8 million
FY2026	18	$8.4 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	67
Limited-service restaurant	11
Full-service restaurant	9
Hotel and motel	8
Gas station and truck stop	6

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

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
The Riddell National Bank	34	$15.6 million
Old National Bank	14	$12.4 million
First Financial Bank, National Association	6	$1.7 million
The Huntington National Bank	5	$3.8 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
Vigo County, IN	87
Clay County, IN	21
Vermillion County, IN	7
Sullivan County, IN	5

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-45460.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Terre Haute, 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 Terre Haute, IN Metro Area