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Sba Credit Analyst Jobs in Indiana (NOW HIRING)

Merchants Bancorp

SBA Business Development Officer

Carmel, IN · On-site

$79K - $108K/yr

Analyze customers' needs and ascertain their financial position and credit worthiness; establish ... Represent the Bank and SBA team in a highly professional manner. * Complete job assignments in a ...

Socket.dev

Portfolio Manager, Business Lending

Carmel, IN · On-site

$85 - $125/hr

... and SBA loan relationships to support strong portfolio performance and proactive credit risk ... Strong analytical, problem-solving, and decision-making skills, with the initiative to troubleshoot ...

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All JobsSba Credit Analyst JobsSba Credit Analyst Jobs in Indiana

Sba Credit Analyst information

See Indiana salary details

$14

$28

$46

How much do sba credit analyst jobs pay per hour?

As of Sep 2, 2026, the average hourly pay for sba credit analyst in Indiana is $28.48, according to ZipRecruiter salary data. Most workers in this role earn between $21.97 and $32.02 per hour, depending on experience, location, and employer.

What is an SBA credit analyst?

SBA Credit Analysts are financial professionals who evaluate loan applications specifically for Small Business Administration (SBA) loans. They analyze the creditworthiness of businesses seeking SBA-backed financing by reviewing financial statements, business plans, and cash flow projections. Their primary role is to assess risk and ensure that loan applicants meet both the lender’s and the SBA’s criteria. SBA Credit Analysts also prepare reports and make recommendations to loan officers or credit committees. They play a crucial part in supporting small business growth by facilitating access to government-backed loans.

What are the key skills and qualifications needed to thrive as an SBA credit analyst?

To thrive as an SBA Credit Analyst, you need strong analytical skills, knowledge of financial statements, and understanding of SBA loan guidelines, often backed by a degree in finance or a related field. Familiarity with financial analysis software, SBA loan processing systems, and certifications like the Credit Risk Certification (CRC) can be highly beneficial. Attention to detail, effective communication, and sound judgment are crucial soft skills for evaluating loan applications and interacting with clients. These abilities are vital to accurately assess credit risk, ensure compliance with SBA requirements, and facilitate successful lending decisions.

What are some common challenges SBA credit analysts face when evaluating small business loan applications?

SBA Credit Analysts often encounter challenges such as assessing the financial health of businesses with limited credit history or incomplete documentation. They must carefully analyze business plans, cash flow projections, and collateral, all while ensuring compliance with both SBA and lender guidelines. Balancing thorough risk assessment with the need to support small businesses can be demanding, especially when working under tight deadlines. Strong communication with applicants and internal teams is essential to address these challenges efficiently.

What is the difference between Sba Credit Analyst vs Commercial Loan Analyst?

AspectSba Credit AnalystCommercial Loan Analyst
CredentialsTypically requires a bachelor's degree in finance, accounting, or related field; certifications like CFA or credit analysis courses are commonSimilar educational background; often holds finance or accounting degrees; certifications like CFA are also valued
Work EnvironmentWorks primarily in banks, credit unions, or specialized Sba lending institutionsEmployed in banks, financial institutions, or lending firms focusing on commercial loans
Employer & Industry UsageUsed mainly in Sba loan programs, government-backed lendingCommon in commercial banking and business lending sectors

Both roles involve analyzing creditworthiness and financial data, but Sba Credit Analysts focus specifically on Small Business Administration loans, while Commercial Loan Analysts handle broader commercial lending. The skills and certifications overlap significantly, making them closely related roles within the lending industry.

What are popular job titles related to Sba Credit Analyst jobs in Indiana?

For Sba Credit Analyst jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Sba Credit Analyst jobs in Indiana look for?

The top searched job categories for Sba Credit Analyst jobs in Indiana are:

Sba Credit Analyst jobs near you
Infographic showing various Sba Credit Analyst job openings in Indiana as of August 2026, with employment types broken down into 1% Internship, 80% Full Time, 17% Part Time, and 2% Contract. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $59,228 per year, or $28.5 per hour.

SBA Credit Intern - Summer 2027

Merchants Bank of Indiana

Carmel, IN

Full-time, Temporary, Internship

Posted 2 days ago

New

Job description

Description

Are you looking for an internship that encourages creativity and innovation? We believe our people make the difference in our business, and our interns are no exception. In our internship program you will be responsible for supporting your assigned team with a variety of projects and administrative work. No coffee runners work here in the summer; you will do real work that you can add to your resume once you have completed this program. For our top performing interns, this program is our pipeline for many of our entry level full-time positions.


As an SBA Credit Intern, you will... 

  • Play a vital role in assessing risk of a portfolio of Small Business Administration (SBA) loans.  You will spread and analyze borrower financial statements and make recommendations to management regarding additional due diligence required for higher risk credits.  
  • Using cutting edge AI spreading tools, you will learn how financial statements are spread to make decisions on the specific risk grades associated with borrower relationships. You will have an opportunity to learn about collateral perfection, and the activities a bank must perform to ensure the integrity of assets that serve as collateral for our loans.   
  • The goal is that you will take what you have learned in your course work, apply it to your projects and then implement those solutions or recommendations. 
  • Have both a manager and mentor to help guide your through our program and your day-to-day work. 
  • Be given the opportunity to deliver a final presentation of your project/s results and make business recommendations to your department, team members and Company leadership.

We also offer weekly HR Development Days to help our interns grow professionally and learn about our industry. Look at what we have to offer...

  • Mock interviews and resume review with our talent management team will help prepare you to enter the workforce.
  • LinkedIn training will help you build and develop your personal profile and teach you about the value of online professional networking.
  • DISC Assessment - coursework on how to use your DISC results to help improve teamwork, communication, and productivity in the workplace.
  • "Company Insiders" Training - Listen to current Merchants' employees tell their success stories and learn about who we are and what each department does to support our success.

Requirements

What we are looking for...

  • Have completed at least your sophomore year of college. Graduates are welcome to apply as well.
  • All degree programs will be considered. 
  • High school diploma or GED from an accredited institution required.
  • Exhibit these core disciplines: Teamwork, Communication, Critical Thinking, Integrity, Self-Discipline, and Adaptability. 

Ranked as the top-performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana, operating multiple lines of business, including multifamily housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp conducts its business through its direct and indirect subsidiaries, Merchants Bank, Merchants Capital Corp., and Merchants Mortgage, a division of Merchants Bank.

Merchants Capital was established in August of 1990 as a mortgage banking firm specializing in multifamily housing and health care facilities finance. With extensive experience in these types of finance, the company is a premier provider and servicer of Multifamily, Affordable, Healthcare, and Student Housing. Our mission is simple: to provide the best origination and service of our loan and investment products with exceptional customer service, accuracy, creativity, speed, and conformance to regulations.


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