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1st Source Bank
SOUTH BEND, IN · Active Lender · National rank #116
1st Source Bank approved 74 SBA 7(a) loans in FY2025, ranking #116 nationally, with lending activity concentrated in Indiana and Michigan. This places it among the smaller regional SBA lenders rather than a high-volume national lender.
1st Source Bank is a headquartered lender based in South Bend, IN, that participated in the SBA 7(a) loan program during FY2025. According to FY2025 SBA 7(a) lender activity data, 1st Source Bank had 74 approved SBA 7(a) loans totaling $25,989,300 in approved dollars, with $18,745,055 in SBA guaranty dollars backing those loans. The average loan size across these transactions was $351,207.
Based on this FY2025 activity data, 1st Source Bank ranked #116 nationally by SBA 7(a) loan volume among participating lenders. Its lending activity was concentrated in two states: Indiana, where it approved 68 loans, and Michigan, where it approved 6 loans. This distribution indicates that 1st Source Bank's SBA lending footprint is regional rather than national, with the large majority of its activity taking place in its home state of Indiana and a smaller presence extending into neighboring Michigan.
These figures reflect only the FY2025 SBA 7(a) lender activity data reported for 1st Source Bank and do not include information about interest rates, loan terms, underwriting criteria, or likelihood of approval. Borrowers seeking additional details about specific loan programs, eligibility, or application procedures should contact the bank directly, as this profile does not contain contact information or lending policy details beyond the aggregated FY2025 volume figures presented here.
Where 1st Source Bank lends
Questions people ask
Is 1st Source Bank an SBA lender?
Yes, 1st Source Bank participated in the SBA 7(a) loan program during FY2025.
How many SBA 7(a) loans did 1st Source Bank approve in FY2025?
1st Source Bank approved 74 SBA 7(a) loans in FY2025.
What was the total dollar amount of 1st Source Bank's approved SBA loans?
The approved loans totaled $25,989,300 in FY2025.
What is 1st Source Bank's average SBA loan size?
The average loan size was $351,207 in FY2025.
How much of 1st Source Bank's lending was SBA-guaranteed?
$18,745,055 of the approved dollar volume was backed by SBA guaranty in FY2025.
Where is 1st Source Bank headquartered?
1st Source Bank is headquartered in South Bend, IN.
Where is 1st Source Bank most active with SBA lending?
It was most active in Indiana with 68 loans, followed by Michigan with 6 loans, per FY2025 data.
Is 1st Source Bank a national or regional SBA lender?
Based on FY2025 data, it operates as a regional SBA lender, concentrated in Indiana and Michigan.
How does 1st Source Bank rank by SBA loan volume nationally?
1st Source Bank ranked #116 nationally by SBA 7(a) loan volume in FY2025.
How many states did 1st Source Bank serve through SBA 7(a) loans in FY2025?
According to the data, it served two states: Indiana and Michigan.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with 1st Source Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.