SBA lender profile
Cherokee State Bank
Cherokee State Bank appears in the public SBA loan data with 3 funded 7(a) loans since FY2010, totaling $1.0M, an average of $340K per loan, and an estimated 28 jobs supported. Its SBA lending concentrates in Iowa and the Information sector. With only 3 7(a) loans in the data, the sample is too small to read a charge-off rate as a track record.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
Is Cherokee State Bank the right lender for you?
Cherokee State Bank appears in the SBA record with 3 funded loans since FY2010, too few to read as a lending pattern. That is not a mark against the institution, but it does mean the record cannot tell you whether it lends to businesses like yours. Lenders with a deeper track record in your state and industry can.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $277M
- Headquarters
- Cherokee, IA
- FDIC cert
- #951
- Status
- Active
Where Cherokee State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Iowa | 3 | $1.0M |
What Cherokee State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Information | 1 | $767K |
| Accommodation and Food Services | 1 | $150K |
| Health Care and Social Assistance | 1 | $103K |
Cherokee State Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1 | $103K |
| 2021 | 1 | $767K |
| 2023 | 1 | $150K |
Related SBA lenders
Other lenders active in Iowa or in Information.
Comparing lenders? See how to choose an SBA lender by track record.
Cherokee State Bank: frequently asked questions
Does Cherokee State Bank offer SBA loans?
Yes. Cherokee State Bank appears in the public SBA data with 3 funded SBA 7(a) loans totaling $1.0M.
How many SBA loans has Cherokee State Bank made?
Cherokee State Bank is associated with 3 SBA 7(a) loans totaling $1.0M in the public SBA data (as of 2026-03-31).
What is Cherokee State Bank's SBA charge-off rate?
Cherokee State Bank appears with only 3 7(a) loans in the data, too few for a charge-off rate to be meaningful as a track record. The SBA Lender Score treats fewer than 20 loans as insufficient data for the same reason; see our methodology.
Where does Cherokee State Bank do most of its SBA lending?
Cherokee State Bank's SBA lending in the data is most concentrated in Iowa, and by industry in Information.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Cherokee State Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/cherokee-state-bank/
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