SBA lending by district
SBA lending in IA-01
SBA 7(a) and 504 financing in Iowa's 1st district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 2,094
- Total funded
- $846.3M
- Average loan
- $404K
- 7(a) charge-off
- 3.8%
Borrowers in Iowa's 1st district took 2,094 SBA loans worth $846.3M since FY2010, averaging $404K. Of the 1,777 7(a) loans, 3.8% have charged off. See the rest of Iowa.
SBA funded volume by fiscal year
Top SBA lenders in IA-01
- 1. Cedar Rapids Bank and Trust Company $94.3M
- 2. Black Hawk Economic Development, Inc. $71.5M
- 3. Farmers and Merchants Savings Bank $59.6M
- 4. Farmers State Bank $57.2M
- 5. E.C.I.A. Business Growth, Inc. $49.3M
- 6. Iowa Business Growth Company $47.9M
- 7. Lincoln Savings Bank $26.5M
- 8. Community Savings Bank $23.6M
- 9. Siouxland Economic Development Corporation $23.5M
- 10. Wells Fargo Bank National Association $18.5M
Method. SBA 7(a) and 504 loans the SBA recorded in IA-01,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.