First Internet Bancorp's Bank Named 2024 Online Lender of the Year for SBA Lending Excellence

First Internet Bank Recognized as 2024 Online Lender of the Year

First Internet Bank earns the prestigious title of 2024 Online Lender of the Year from the Coleman Report, a leading publication in small business lending. This recognition underscores the bank's exceptional performance in Small Business Administration (SBA) lending, reflecting its commitment to combining superior customer service with innovative technology. The bank's ability to streamline the loan process and offer flexible financing options positions it as a vital resource for small businesses nationwide.

Nicole Lorch, President and COO of First Internet Bank, expresses pride in the SBA team's accomplishments. The bank's rapid ascent to becoming one of the top ten 7(a) lenders in the country speaks volumes about its effectiveness and customer-centric approach. Since 2018, First Internet Bank has experienced remarkable growth in its SBA operations, achieving a total funded 7(a) production of $610 million—an impressive 44% increase year over year. The expansion of the SBA operations team by 31% further enhances the bank's ability to deliver essential support and expertise to small business owners seeking funding.

The Coleman Report also honors two of First Internet Bank's employees, Jared Johnson and Ben Woodward, as the 2024 SBA Business Development Officers of the Year. Their significant contributions underscore the bank's strong focus on SBA lending and its commitment to empowering small businesses. Founded in 1999, First Internet Bank operates as a pioneer in branchless banking and currently manages 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—continues to solidify its position as a key player in the financial industry.

In addition to its recent accolades, First Internet Bank maintains a commitment to innovation and customer satisfaction. As a wholly-owned subsidiary of First Internet Bancorp (Nasdaq: INBK) and a Member FDIC, the bank remains focused on providing essential financial services to small businesses across the nation. Through its continuous growth and dedication to excellence, First Internet Bank not only enhances its own reputation but also contributes positively to the broader small business lending landscape. For more information about its offerings, interested parties can visit firstib.com.