SBA lending by metro area
SBA lenders in Cedar Rapids, IA
Which lenders fund Cedar Rapids-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 Cedar Rapids area
Ranked by SBA volume funded to businesses located in the Cedar Rapids 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 | Cedar Rapids Bank and Trust Company | 161 | $76.2M | $473K | 1.24% |
| 2 | Farmers and Merchants Savings Bank | 98 | $55.0M | $561K | 5.10% |
| 3 | Black Hawk Economic Development, Inc. | 42 | $29.3M | $697K | not reported |
| 4 | Iowa Business Growth Company | 60 | $29.2M | $486K | not reported |
| 5 | E.C.I.A. Business Growth, Inc. | 19 | $19.8M | $1.0M | not reported |
| 6 | Farmers State Bank | 99 | $16.4M | $166K | 5.05% |
| 7 | Siouxland Economic Development Corporation | 6 | $11.4M | $1.9M | not reported |
| 8 | Community Savings Bank | 23 | $11.2M | $488K | 8.70% |
| 9 | Bankers Trust Company | 33 | $11.1M | $336K | 3.03% |
| 10 | Wells Fargo Bank National Association | 32 | $10.4M | $325K | 6.25% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Cedar Rapids compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Cedar Rapids area | $188K ▲ 5.5% | 14.1% ▼ 1.6 pts |
| Iowa | $178K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Cedar Rapids
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 98 | $80.3M |
| Accommodation and Food Services | 133 | $58.2M |
| Retail Trade | 115 | $52.9M |
| Wholesale Trade | 45 | $32.4M |
| Construction | 100 | $30.6M |
| Professional and Technical Services | 71 | $26.0M |
| Other Services | 88 | $24.7M |
| Health Care and Social Assistance | 88 | $22.8M |
SBA lending in Cedar Rapids by year
Geography, precisely
"Cedar Rapids area" here means the Cedar Rapids, IA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Benton County, IA; Jones County, IA; Linn 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.