First Internet Bancorp Named 2024 Online Lender of the Year by Coleman Report

First Internet Bank Crowned Online Lender of the Year

First Internet Bank receives the prestigious title of 2024 Online Lender of the Year from the Coleman Report, a leading authority in small business lending. This recognition underscores the bank's impressive achievements in Small Business Administration (SBA) lending, where it has successfully merged exceptional customer service with innovative technology. By providing flexible financing options and streamlining the loan process, First Internet Bank positions itself as a vital resource for small businesses across the country. Nicole Lorch, President and COO of First Internet Bank, expresses pride in the performance of the SBA team, which has quickly risen to become one of the top ten 7(a) lenders in the industry.

The growth trajectory of First Internet Bank's SBA operations is remarkable. Since 2018, the bank has funded a total of $610 million in 7(a) loans, marking a staggering 44% increase in production year-over-year. This achievement not only reflects the bank's commitment to serving the small business community but also highlights the expansion of its SBA operations team, which has grown by 31%. Such expansion enables the bank to enhance its customer service capabilities and provide the necessary expertise for small business funding. The recognition from Coleman Report further emphasizes the bank's dedication to empowering entrepreneurs and facilitating their access to vital financial resources.

In addition to the bank's overall recognition, two of its standout employees, Jared Johnson and Ben Woodward, are named the 2024 SBA Business Development Officers of the Year. Their contributions to the field of small business lending significantly bolster First Internet Bank's position as a leader in SBA financing. Founded in 1999, First Internet Bank has established itself as a pioneer in branchless banking, currently managing assets totaling $5.7 billion as of December 31, 2024. The bank's diverse range of services—including consumer and small business deposits, loans, and treasury management—solidifies its role as a key player in the financial industry.

First Internet Bank's commitment to innovation and customer service continues to set it apart in the competitive landscape of small business lending. As the bank celebrates this latest accolade, it remains focused on its mission to empower small businesses nationwide, ensuring they have access to the financing they need to thrive in an ever-evolving market.