Indiana

Business Loans in Indiana

Indiana businesses borrow from banks, credit unions, SBA lenders and non-bank lenders, and the Indiana Economic Development Corporation's Legend Fund puts state-backed capital into loans from mission-driven lenders. Sagamore, a commercial loan broker, matches established Indiana businesses with lenders for lines of credit, term loans, SBA loans, equipment financing and invoice factoring.

Written by Jordan Levy, Founder & CEO · Last updated November 4, 2026

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State law

Does Indiana require business loan disclosures?

No. Indiana has no commercial financing disclosure law, and the federal Truth in Lending Act does not cover credit for business purposes. What you receive is the lender's offer and contract, so before you sign, get these in writing:

The total amount financed, and the amount you actually receive after fees or payoffs
The total you will repay
How much each payment is, how often it is due and how it is collected
Every fee, including origination, draw, late and returned-payment fees
What paying off early costs or saves
Any collateral, lien or personal guarantee the lender takes

At a glance

State disclosure law: None
Federal Truth in Lending Act: Consumer credit only
What governs the deal: Your contract

SBA

Where are the SBA offices in Indiana?

The SBA doesn't lend directly. Banks, credit unions and other SBA-approved lenders make 7(a) and 504 loans, and the SBA guarantees part of each one. District offices connect businesses with counseling, training and local lenders.

The Indianapolis office serves the entire state, from Fort Wayne and South Bend to Evansville.

How SBA loans work

District office

IndianapolisIndiana District OfficeAll of Indiana

State programs

What state loan programs does Indiana offer?

Indiana's federal State Small Business Credit Initiative allocation, up to $99 million, is run by the Indiana Economic Development Corporation (IEDC). Its lending piece is the Legend Fund; the rest goes to venture capital and technical assistance.

These are state programs. Sagamore doesn't run them or decide who qualifies.

Legend FundIndiana Economic Development Corporation (SSBCI)Up to $29 million through mission-driven lenders for loans of $5,000 to $1,000,000 for small business operating capital. Businesses start with the IEDC's Start Today matching form.

Industries

Which Indiana industries do we work with?

Indiana has 591,671 small businesses, 99.4% of all businesses in the state, according to the SBA Office of Advocacy's 2025 profile. We work with established businesses in every industry; these are the ones that stand out in Indiana.

Eligibility

What do you need to qualify for a business loan in Indiana?

The same as in every other state. Sagamore is a broker, not a lender: one application is matched with lenders across all 50 states, and every program starts from the same minimums. We work with established businesses only, so startups are not eligible.

Credit score: 600+
Time in business: 1+ year
Annual revenue: $400K+

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Frequently Asked Questions

Common questions about business loans in Indiana

The IEDC's small business lending program, funded by the federal State Small Business Credit Initiative. It puts up to $29 million through mission-driven lenders into loans of $5,000 to $1,000,000 for operating capital. You start with the IEDC's Start Today form.

SBA loans are made by banks, credit unions and other SBA-approved lenders, not by the SBA itself. Sagamore matches established Indiana businesses with lenders for SBA 7(a) and 504 loans, and the Indiana District Office in Indianapolis can point you to local resources.

The Indiana District Office is at 5726 Professional Circle in Indianapolis, and it serves the entire state.

Sources

Where do these facts come from?

Each fact on this page was checked against the agency or legislature that publishes it. Programs and offices change, so confirm the details with the source before you rely on them.