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

By: First Internet Bank via Business Wire

February 04, 2025 at 10:31 AM EST

First Internet Bank announced today that it has been named the 2024 Online Lender of the Year by Coleman Report, a leading publication in the small business lending industry. The publication’s annual awards celebrate financial institutions and individuals who demonstrate exceptional performance in Small Business Administration (SBA) lending.

The Online Lender of the Year award acknowledges First Internet Bank's success in combining outstanding customer service with technology. This enables the Bank to deliver flexible financing options and a streamlined SBA loan process to small businesses nationwide.

“First Internet Bank is committed to helping business owners secure the capital they need to grow,” said Nicole Lorch, President and Chief Operating Officer of First Internet Bank. “I am incredibly proud of our SBA team, whose dedication has established us as a top ten 7(a) lender in a short period of time.”

Coleman Report also named First Internet Bank’s Jared Johnson and Ben Woodward as 2024 SBA Business Development Officers (BDOs) of the Year, recognizing their outstanding contributions to small business lending.

The First Internet Bank SBA team has experienced remarkable growth since 2018, ranking nationally in loan volume and amount financed. First Internet Bank increased its total funded 7(a) production to $610 million — a 44% increase year over year. The bank also expanded its SBA operations team by 31%, enhancing its ability to deliver the customer service and expertise clients need when securing funding for their small business needs. To learn more about First Internet Bank visit firstib.com.

About First Internet Bank

First Internet Bank opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. With assets of $5.7 billion as of December 31, 2024, the Bank provides consumer and small business deposits, consumer loans and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services. Additional information about the Bank, including its products and services, is available at firstib.com. The Bank is a wholly-owned subsidiary of First Internet Bancorp (Nasdaq: INBK). First Internet Bank is a Member FDIC.