SBA lending by metro area
SBA lenders in Iowa City, IA
Which lenders fund Iowa City-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 Iowa City area
Ranked by SBA volume funded to businesses located in the Iowa City 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 | 25 | $17.6M | $704K | not reported |
| 2 | Nicolet National Bank | 43 | $15.8M | $367K | 4.65% |
| 3 | Hills Bank and Trust Company | 106 | $11.1M | $105K | 2.83% |
| 4 | Siouxland Economic Development Corporation | 6 | $9.0M | $1.5M | not reported |
| 5 | First Interstate Bank | 13 | $7.6M | $584K | not reported |
| 6 | Cedar Rapids Bank and Trust Company | 14 | $7.4M | $528K | not reported |
| 7 | Live Oak Banking Company | 5 | $6.6M | $1.3M | not reported |
| 8 | U.S. Bank, National Association | 36 | $5.8M | $161K | 2.78% |
| 9 | Farmers and Merchants Savings Bank | 16 | $5.7M | $356K | not reported |
| 10 | CBI Bank and Trust | 9 | $4.6M | $509K | 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 Iowa City compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Iowa City area | $150K ▼ 15.7% | 9.0% ▼ 6.7 pts |
| Iowa | $178K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Iowa City
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 82 | $43.8M |
| Retail Trade | 77 | $25.5M |
| Construction | 38 | $17.3M |
| Health Care and Social Assistance | 50 | $16.7M |
| Manufacturing | 27 | $13.6M |
| Arts, Entertainment, Recreation | 27 | $9.9M |
| Other Services | 32 | $7.1M |
| Real Estate | 6 | $4.8M |
SBA lending in Iowa City by year
Geography, precisely
"Iowa City area" here means the Iowa City, IA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Johnson County, IA; Washington 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.