SBA lending by metro area
SBA lenders in Ames, IA
Which lenders fund Ames-area businesses, how much, and how the market compares with Iowa: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Ames area
Ranked by SBA volume funded to businesses located in the Ames metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Iowa Business Growth Company | 29 | $14.6M | $503K | not reported |
| 2 | U.S. Bank, National Association | 42 | $13.5M | $322K | 0.00% |
| 3 | VisionBank of Iowa | 15 | $7.4M | $496K | not reported |
| 4 | First Interstate Bank | 11 | $5.9M | $541K | not reported |
| 5 | Wells Fargo Bank National Association | 10 | $3.8M | $381K | not reported |
| 6 | Bankers Trust Company | 6 | $3.6M | $607K | not reported |
| 7 | Siouxland Economic Development Corporation | 5 | $3.0M | $596K | not reported |
| 8 | Midwest Heritage Bank, F.S.B. | 6 | $2.0M | $330K | not reported |
| 9 | Northwest Bank | 6 | $1.8M | $294K | not reported |
| 10 | BayFirst National Bank | 9 | $1.4M | $160K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Ames compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Ames area | $166K ▼ 6.7% | 15.1% ▼ 0.6 pts |
| Iowa | $178K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Ames
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 46 | $25.7M |
| Retail Trade | 35 | $19.7M |
| Manufacturing | 19 | $14.4M |
| Construction | 35 | $9.9M |
| Other Services | 22 | $6.1M |
| Administrative and Support | 12 | $5.1M |
| Arts, Entertainment, Recreation | 15 | $4.4M |
| Health Care and Social Assistance | 16 | $4.4M |
SBA lending in Ames by year
Geography, precisely
"Ames area" here means the Ames, IA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Boone County, IA; Story County, IA. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.