First Internet Bank Taps SBA Veteran Gary Carter to Drive Loan Growth
Event summary
- Gary Carter appointed SBA National Sales Manager at First Internet Bank on March 25, 2026.
- Carter previously served as Vice President, Senior Credit Officer at the bank.
- New role focuses on expanding SBA loan volume and improving lending experience for small businesses.
- Bank reported $5.6 billion in assets as of December 31, 2025.
The big picture
First Internet Bank's appointment of Gary Carter underscores its push to strengthen small business lending capabilities. The move comes as digital banks increasingly compete for SBA loan market share, with scale and operational efficiency becoming key differentiators. With $5.6 billion in assets, the bank aims to leverage Carter's experience to drive responsible growth in this critical segment.
What we're watching
- Execution Risk
- Whether Carter can sustain disciplined growth while increasing SBA loan volume.
- Market Dynamics
- How First Internet Bank's focus on SBA lending positions it against competitors like Live Oak Bank.
- Operational Efficiency
- The pace at which the bank can shorten SBA loan cycle times under Carter's leadership.