1st Source Bank
IN
SBA-approved lender offering 6 loan programs across 24 industries.
Key Metrics
Interest Rate
8.72%
1.98% over prime
Average Loan
$351K
Per approval
Total Approvals
74
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Industries Served (24)
Advertising AgenciesAll Other Amusement and Recreation IndustriesAll Other Miscellaneous ManufacturingAll Other Specialty Trade ContractorsDrinking Places (Alcoholic Beverages)Electrical ContractorsEngineering ServicesFull-Service RestaurantsGeneral Freight Trucking, Long Distance, TruckloadHome Furnishing Merchant WholesalersHome Health Care ServicesIce Cream and Frozen Dessert ManufacturingLandscaping ServicesLimited-Service RestaurantsMachine ShopsMotor Vehicle Supplies and New Parts Merchant WholesalersOffices of DentistsOffices of Physical, Occupational and Speech Therapists, and AudiologiOffices of Real Estate Agents and BrokersPlumbing, Heating, and Air-Conditioning ContractorsPower and Communication Line and Related Structures ConstructionRetail BakeriesRoofing ContractorsSpecialized Freight (except Used Goods) Trucking, Local
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.98%
- Effective Rate
- 8.72%
- Fiscal Year
- 2025
- States Served
- IN
- Website
- www.1stsource.com
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