SBA lending by metro area
SBA lenders in Des Moines, IA
Which lenders fund Des Moines-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 Des Moines area
Ranked by SBA volume funded to businesses located in the Des Moines 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 | 217 | $160.4M | $739K | not reported |
| 2 | Lincoln Savings Bank | 99 | $56.6M | $571K | 2.02% |
| 3 | Live Oak Banking Company | 33 | $42.1M | $1.3M | 0.00% |
| 4 | Pivotal Business Partners | 52 | $35.9M | $690K | not reported |
| 5 | Northwest Bank | 103 | $34.4M | $334K | 3.88% |
| 6 | First Interstate Bank | 75 | $34.4M | $458K | 5.33% |
| 7 | Wells Fargo Bank National Association | 166 | $33.9M | $204K | 4.82% |
| 8 | Bankers Trust Company | 119 | $33.7M | $284K | 4.20% |
| 9 | U.S. Bank, National Association | 267 | $27.3M | $102K | 2.25% |
| 10 | City State Bank | 46 | $25.2M | $549K | 8.70% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Des Moines compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Des Moines area | $195K ▲ 9.6% | 13.4% ▼ 2.3 pts |
| Iowa | $178K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Des Moines
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 292 | $150.3M |
| Health Care and Social Assistance | 268 | $122.9M |
| Construction | 317 | $107.5M |
| Retail Trade | 250 | $99.4M |
| Manufacturing | 148 | $91.0M |
| Other Services | 235 | $82.8M |
| Professional and Technical Services | 204 | $70.0M |
| Arts, Entertainment, Recreation | 111 | $58.3M |
SBA lending in Des Moines by year
Geography, precisely
"Des Moines area" here means the Des Moines-West Des Moines, IA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Dallas County, IA; Guthrie County, IA; Jasper County, IA; Madison County, IA; Polk County, IA; Warren 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.