Geography · SBA lending record
SBA lenders in Iowa
1,469 SBA 7(a) loans in the last five years, from 178 different lenders. Here is who actually lends here.
Who lends here most
last 5 fiscal years| Lender | Loans in IA | Typical loan | Median rate |
|---|---|---|---|
| U.S. Bank, National Association | 191 | $30k | P+3.53 |
| Farmers State Bank | 81 | $150k | P+1.54 |
| Lincoln Savings Bank | 74 | $270k | P+2.59 |
| Community 1st CU | 53 | $63k | P+0.47 |
| Nicolet National Bank | 50 | $167k | P+1.99 |
| Northwest Bank | 45 | $162k | P+0.98 |
| The Huntington National Bank | 44 | $310k | P+2.48 |
| United Bank of Iowa · too few loans nationally for a page | 35 | $170k | P+0.79 |
| Hills Bank and Trust Company · too few loans nationally for a page | 35 | $150k | P+0.52 |
| Wells Fargo Bank National Association | 32 | $15k | P+5.58 |
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
SBA 504 lending in Iowa
504 FOIA recordA 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in Iowa, and how they have performed.
CDCs most active in Iowa
- Iowa Business Growth Company — 506 loans
- Siouxland Economic Development Corporation — 287 loans
- Dakota Business Finance — 58 loans
- Small Business Growth Corporation — 51 loans
- Midwest Business Finance Corporation — 15 loans
- Mortgage Capital Development Corporation — 3 loans
Most-financed here: Full-Service Restaurants, Offices of Physicians, Hotels (except Casino Hotels) and Mote…, General Automotive Repair.
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SBA lending in other states
States with comparable volume, plus the three largest markets.