| $150,000–350,000 | SHO PRO OF INDIANA INC | INDIANAPOLIS, IN | PNC Bank, National Association |
| $150,000–350,000 | SHOEMAKER MOTION PICTURE CO., LLC | INDIANAPOLIS, IN | The Huntington National Bank |
| $1–2 million | SHREWSBERRY & ASSOCIATES, LLC | INDIANAPOLIS, IN | Horizon Bank |
| $350,000–1 million | SIGN CRAFT INDUSTRIES, INC. DBA QUICKSIGN | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SIGNS OF PROGRESS, LLC | INDIANAPOLIS, IN | The First National Bank of Sycamore |
| $150,000–350,000 | SILVER CREEK ENGINEERING, INC. | INDIANAPOLIS, IN | BMO Bank National Association |
| $150,000–350,000 | SIMONS BITZER & ASSOCIATES PC | INDIANAPOLIS, IN | German American Bank |
| $350,000–1 million | SIPES ASPHALT SOLUTIONS CO. | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | SKI LANDSCAPE CORPORATION | INDIANAPOLIS, IN | BMO Bank National Association |
| $350,000–1 million | SKILES ELECTRIC INC | INDIANAPOLIS, IN | Indiana Members CU |
| $350,000–1 million | SKILLED CARE OF INDIANA, LLC | INDIANAPOLIS, IN | German American Bank |
| $150,000–350,000 | SKINNY AND COMPANY INC | INDIANAPOLIS, IN | First Financial Bank |
| $350,000–1 million | SKYLINE ROOFING & SHEET METAL CO INC | INDIANAPOLIS, IN | The Huntington National Bank |
| $150,000–350,000 | SMARI. LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $2–5 million | SMART IT STAFFING, INC. | INDIANAPOLIS, IN | Associated Bank, National Association |
| $1–2 million | SMARTERHQ INC | INDIANAPOLIS, IN | The Huntington National Bank |
| $350,000–1 million | SMILE MORE LOGISTICS, LLC | INDIANAPOLIS, IN | Old National Bank |
| $1–2 million | SMOCK FANSLER CORPORATION | INDIANAPOLIS, IN | Citizens Bank |
| $150,000–350,000 | SMOOT CONSTRUCTION LLC | INDIANAPOLIS, IN | CIBC Bank USA |
| $150,000–350,000 | SNJ HONG II INC. | INDIANAPOLIS, IN | First Federal Savings Bank |
| $150,000–350,000 | SNK TECHNOLOGIES, LLC | INDIANAPOLIS, IN | STAR Financial Bank |
| $150,000–350,000 | SOCIETY OF ST VINCENT DE PAUL | INDIANAPOLIS, IN | PNC Bank, National Association |
| $350,000–1 million | SOCIO LABS, INC | INDIANAPOLIS, IN | Citizens State Bank of New Castle |
| $1–2 million | SOLADOC LLC | INDIANAPOLIS, IN | The Huntington National Bank |
| $350,000–1 million | SOLUTIONS HEALTHCARE MANAGEMENT GROUP, LLC | INDIANAPOLIS, IN | PNC Bank, National Association |
| $2–5 million | SOMERSET CPAS, P.C. | INDIANAPOLIS, IN | First Merchants Bank |
| $1–2 million | SONDHI SOLUTIONS LLC | INDIANAPOLIS, IN | PNC Bank, National Association |
| $150,000–350,000 | SONRISA ENTERPRISES, LLC | INDIANAPOLIS, IN | American Bank of Freedom |
| $350,000–1 million | SOROS CLINICAL SOLUTIONS LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SOUND MANAGEMENT, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | SOURCETECH, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SOUTHEAST DENTAL GROUP PC | INDIANAPOLIS, IN | Stock Yards Bank & Trust Company |
| $350,000–1 million | SOUTHEAST NEIGHBORHOOD SCHOOL OF EXCELLENCE, INC. | INDIANAPOLIS, IN | Old National Bank |
| $150,000–350,000 | SOUTHEASTERN CHURCH OF CHRIST, INC. | INDIANAPOLIS, IN | First Internet Bank of Indiana |
| $150,000–350,000 | SOUTHPORT DENTAL, P.C. | INDIANAPOLIS, IN | Stock Yards Bank & Trust Company |
| $350,000–1 million | SOUTHPORT PRESBYTERIAN CHURCH | INDIANAPOLIS, IN | BMO Bank National Association |
| $150,000–350,000 | SOUTHSIDE FAMILY MEDICAL GROUP LLC | INDIANAPOLIS, IN | PNC Bank, National Association |
| $1–2 million | SOUTHSIDE OB-GYN, P.C. | INDIANAPOLIS, IN | JPMorgan Chase Bank, National Association |
| $150,000–350,000 | SOUTHSIDE PEDIATRICS INC | INDIANAPOLIS, IN | PNC Bank, National Association |
| $150,000–350,000 | SPARTAN SERVICE GROUP | INDIANAPOLIS, IN | Stock Yards Bank & Trust Company |
| $150,000–350,000 | SPECIAL OLYMPICS INDIANA, INC. | INDIANAPOLIS, IN | Fifth Third Bank |
| $150,000–350,000 | SPECTACLE GARY HOLDINGS, LLC | INDIANAPOLIS, IN | Centier Bank |
| $150,000–350,000 | SPECTRUM TECHNOLOGY INC | INDIANAPOLIS, IN | The Huntington National Bank |
| $150,000–350,000 | SPEEDWAY ENGINE DEVELOPMENT, INC. | INDIANAPOLIS, IN | Fifth Third Bank |
| $150,000–350,000 | SPEEDWAY INDOOR KARTING, LLC | INDIANAPOLIS, IN | The North Salem State Bank |
| $350,000–1 million | SPONSEL CPA GROUP LLC | INDIANAPOLIS, IN | The Huntington National Bank |
| $350,000–1 million | SPORT GRAPHICS, INC. | INDIANAPOLIS, IN | Comerica Bank |
| $2–5 million | SPOT FREIGHT, INC. | INDIANAPOLIS, IN | Stock Yards Bank & Trust Company |
| $2–5 million | SPRINGBUK, INC | INDIANAPOLIS, IN | Centier Bank |
| $350,000–1 million | SPRINGER SERVICE SYSTEMS INC. | INDIANAPOLIS, IN | Stock Yards Bank & Trust Company |
| $350,000–1 million | SRS-2 INC | INDIANAPOLIS, IN | First Financial Bank, National Association |
| $150,000–350,000 | ST JOHN LUTHERAN CHURCH AND SCHOOL | INDIANAPOLIS, IN | JPMorgan Chase Bank, National Association |
| $350,000–1 million | ST JOSEPH INSTITUTE FOR THE DEAF | INDIANAPOLIS, IN | PNC Bank, National Association |
| $350,000–1 million | ST LUKE'S UNITED METHODIST CHURCH | INDIANAPOLIS, IN | Horizon Bank |
| $350,000–1 million | ST MATTHEW CATHOLIC CHURCH INDIANAPOLIS INC | INDIANAPOLIS, IN | STAR Financial Bank |
| $350,000–1 million | ST THERESE OF THE INFANT JESUS CATHOLIC CHURCH INC | INDIANAPOLIS, IN | PNC Bank, National Association |
| $350,000–1 million | ST. BARNABAS CATHOLIC CHURCH, INDIANAPOLIS, INC. | INDIANAPOLIS, IN | Fifth Third Bank |
| $150,000–350,000 | ST. CHRISTOPHER CATHOLIC CHURCH, INDIANAPOLIS, INC. | INDIANAPOLIS, IN | Fifth Third Bank |
| $350,000–1 million | ST. JUDE CATHOLIC CHURCH, INDIANAPOLIS, INC. | INDIANAPOLIS, IN | Fifth Third Bank |
| $150,000–350,000 | ST. LOUIS GROUP, LLC | INDIANAPOLIS, IN | Fifth Third Bank |
| $350,000–1 million | ST. MARY'S CHILD CENTER, INC. | INDIANAPOLIS, IN | The Huntington National Bank |
| $350,000–1 million | ST. MONICA CATHOLIC CHURCH | INDIANAPOLIS, IN | The Huntington National Bank |
| $150,000–350,000 | STACE ALLEN CHUCK INC | INDIANAPOLIS, IN | The Huntington National Bank |
| $150,000–350,000 | STAINED GLASS ENTERPRISES INC | INDIANAPOLIS, IN | Fifth Third Bank |
| $350,000–1 million | STANDARD CHANGE-MAKERS, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | STARFISH INC | INDIANAPOLIS, IN | The Huntington National Bank |
| $150,000–350,000 | STAY DRY ROOFING LLC | INDIANAPOLIS, IN | Stock Yards Bank & Trust Company |
| $350,000–1 million | STEEL HOUSE LLC | INDIANAPOLIS, IN | The Farmers Bank, Frankfort, Indiana |
| $150,000–350,000 | STEEL SERVICES FABRICATION DIVISION LLC | INDIANAPOLIS, IN | Old National Bank |
| $150,000–350,000 | STEEL SERVICES INC | INDIANAPOLIS, IN | Old National Bank |
| $350,000–1 million | STEGEMOLLER PLUMBING, INC. | INDIANAPOLIS, IN | First Financial Bank |
| $150,000–350,000 | STENZ CONSTRUCTION CORPORATION | INDIANAPOLIS, IN | Stock Yards Bank & Trust Company |
| $150,000–350,000 | STENZ MANAGEMENT CO., INC. | INDIANAPOLIS, IN | Stock Yards Bank & Trust Company |
| $150,000–350,000 | STEPHENSON MOROW & SEMLER | INDIANAPOLIS, IN | JPMorgan Chase Bank, National Association |
| $350,000–1 million | STEPPING STONES BEHAVIORAL SOLUTIONS LLC | INDIANAPOLIS, IN | JPMorgan Chase Bank, National Association |
| $150,000–350,000 | STEVES FLOWERS AND GIFTS INC | INDIANAPOLIS, IN | PNC Bank, National Association |
| $150,000–350,000 | STONE CENTER OF INDIANA, LLC | INDIANAPOLIS, IN | Merchants Bank of Indiana |
| $150,000–350,000 | STONEBRAKER RESTAURANT CORP | INDIANAPOLIS, IN | PNC Bank, National Association |
| $150,000–350,000 | STOUT'S FACTORY SHOE STORE COMPANY INC. | INDIANAPOLIS, IN | Busey Bank |
| $150,000–350,000 | STRATEGIC MARKETING & RESEARCH INSIGHTS LLC | INDIANAPOLIS, IN | Horizon Bank |
| $150,000–350,000 | STUART'S ENTERPRISES LLC | INDIANAPOLIS, IN | BMO Bank National Association |
| $150,000–350,000 | SUBURBAN BAPTIST CHURCH | INDIANAPOLIS, IN | BMO Bank National Association |
| $350,000–1 million | SUBURBAN HEALTH ORGANIZATION, INC. | INDIANAPOLIS, IN | The Huntington National Bank |
| $350,000–1 million | SULLIVAN HARDWARE & GARDEN INC | INDIANAPOLIS, IN | Merchants Bank of Indiana |
| $1–2 million | SUMCO GROUP LLC | INDIANAPOLIS, IN | Bank of America, National Association |
| $350,000–1 million | SUMMERS OF BROAD RIPPLE, INC. | INDIANAPOLIS, IN | KeyBank National Association |
| $350,000–1 million | SUMMIT CONSTRUCTION CO, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SUN DEVELOPMENT AND MANAGEMENT CORPORATION | INDIANAPOLIS, IN | The Citizens National Bank of Meridian |
| $350,000–1 million | SUN KING BREWING COMPANY, LLC | INDIANAPOLIS, IN | First Merchants Bank |
| $150,000–350,000 | SUN REAL ESTATE LLP | INDIANAPOLIS, IN | The Citizens National Bank of Meridian |
| $150,000–350,000 | SUNCOAST COFFEE INC | INDIANAPOLIS, IN | The Huntington National Bank |
| $150,000–350,000 | SUNSHINE MAINTENANCE SERVICE INC | INDIANAPOLIS, IN | The Huntington National Bank |
| $350,000–1 million | SUPERIOR CONTRACTORS, INC. | INDIANAPOLIS, IN | First Merchants Bank |
| $350,000–1 million | SUPERIOR METAL TECHNOLOGIES LLC | INDIANAPOLIS, IN | Fifth Third Bank |
| $5–10 million | SUPERIOR OIL CO INC | INDIANAPOLIS, IN | PNC Bank, National Association |
| $350,000–1 million | SUPERIOR ROOFING SERVICES, INC. | INDIANAPOLIS, IN | JPMorgan Chase Bank, National Association |
| $350,000–1 million | SUPPLYKICK INC. | INDIANAPOLIS, IN | Stock Yards Bank & Trust Company |
| $150,000–350,000 | SURAJ LODGING ASSOCIATES LLP | INDIANAPOLIS, IN | The Citizens National Bank of Meridian |
| $350,000–1 million | SUTTON GARTEN CO | INDIANAPOLIS, IN | PNC Bank, National Association |
| $350,000–1 million | SYNDICATE CLAIM SERVICES, INC | INDIANAPOLIS, IN | Old National Bank |