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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 ...

FIRST INTERNET BANK

SBA Special Assets Officer I

Fishers, IN · On-site

$17.50 - $19.25/hr

... analyze, and recommend the most cost-efficient method to mitigate risks to the bank. Credits ... Work directly with the SBA and bank counsel to handle any issues related to the protection and ...

FIRST INTERNET BANK

SBA Special Assets Officer II

Fishers, IN · On-site

$17.50 - $19.25/hr

... analyze, and recommend the most cost-efficient method to mitigate risks to the bank. Credits ... Work directly with the SBA and bank counsel to handle any issues related to the protection and ...

FIRST INTERNET BANK

SBA Special Assets Officer I

Fishers, IN · On-site

$17.50 - $19.25/hr

... analyze, and recommend the most cost-efficient method to mitigate risks to the bank. Credits ... Work directly with the SBA and bank counsel to handle any issues related to the protection and ...

FIRST INTERNET BANK

SBA Special Assets Officer II

Fishers, IN · On-site

$17.50 - $19.25/hr

... analyze, and recommend the most cost-efficient method to mitigate risks to the bank. Credits ... Work directly with the SBA and bank counsel to handle any issues related to the protection and ...

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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 Aug 11, 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 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 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 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 100% Full Time. Highlights an 71% In-person, and 29% Hybrid job distribution, with an average salary of $59,228 per year, or $28.5 per hour.

SBA Business Development Officer

Merchants Bancorp

Carmel, IN • On-site

$79K - $108K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 7 days ago

Job description

Job Type
Full-time
Description
The SBA Business Development Officer?builds a customer base of new clients through prospecting, community involvement and proactive business development activities as well as networking and building centers of influence. Increases business development through quality loan submissions and all aspects of deal flow management as well as assists in increasing core deposits for the Bank. Develops and expands relationships for long term business partnering with clients while referring prospective business and individual clients to internal business partners.
Our SBA Business Development Officer will be able to do the following confidently and independently...
  • Prospect, structure and originate new SBA 7(a) and SBA 504 loans.
  • Drive new business development through consistent and focused calling activity.
  • Build relationships and maintain a referral network of commercial real estate brokers, business brokers, business/professional associations, accountants, lawyers to solicit SBA loan opportunities.
  • Structure SBA loan proposals, complete initial analysis and compile a complete application package.
  • Structure products and service solutions to maximize opportunities and minimize risk for the Bank, as well as meet individual client needs.
  • Meet or exceed all performance goals and targets related to the identification, solicitation, and acquisition of new clients.
  • Partner with internal support teams to develop SBA opportunities and educate on SBA Lending to facilitate an increase in quality referrals.
  • Maintain knowledge of SBA Standard Operating Procedures and Bank policies.
  • Tracking prospecting efforts through our sales management software.
  • Analyze customers' needs and ascertain their financial position and credit worthiness; establish and negotiate terms, costs, repayment methods, collateral requirements, and rates; manage relationship with customer monitoring repayment activities and variance in changes in the company.
  • Analyze, synthesize, and communicate complex data, financial data and related issues in an accurate, objective and straightforward manner.
  • Interact with internal and external clients and provide extraordinary service.
  • Develop and maintain trusted, positive relationships with other employees, clients, and vendors.
  • Represent the Bank and SBA team in a highly professional manner.
  • Complete job assignments in a professional, timely and efficient manner; organize and prioritize work.
  • Maintain confidentiality; adhere to Merchants Bank policies and procedures; comply with laws, regulations, and industry best practices.

Requirements
What we are looking for...
  • Proven track record of funding $10MM+ in SBA 7a loans annually.
  • 5 or more years' experience in a similar lending environment or financial institution.
  • Advanced knowledge of SBA loan products and services.
  • Demonstrated ability to network and build centers of influence.
  • Successful experience developing new client relationships across a variety of middle-market companies through calling efforts and proprietary referral networks.
  • Proven performer as a commercial loan officer in a high performing commercial bank environment is required; familiarity with the metro market and region is required.
  • Effective communicator, results oriented, demonstrates the ability to excel in high-pressure situations.
  • Exhibit strong interpersonal skills with the ability to cultivate long-term relationships and influence others internally and externally.
  • Bachelor's degree or equivalent combination of education and/or work experience.

Our Benefits: Health, Vision, Dental, 401K, ESOP, 100% Tuition Assistance, 4 weeks paid time off, plus a few more
About Merchants
Ranked as a 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 segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.
Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016-2022). For more information read the entire article here .

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