SBA lending by metro area
SBA lenders in Le Mars, IA
Which lenders fund Le Mars-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 Le Mars area
Ranked by SBA volume funded to businesses located in the Le Mars micropolitan 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 | Siouxland Economic Development Corporation | 19 | $12.5M | $656K | not reported |
| 2 | Heritage Bank, National Association | 6 | $3.9M | $651K | not reported |
| 3 | American Bank, National Association | 7 | $1.7M | $236K | 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 Le Mars compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Le Mars area | $325K ▲ 82.6% | 41.5% ▲ 25.8 pts |
| Iowa | $178K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Le Mars
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 5 | $8.0M |
| Transportation and Warehousing | 6 | $5.6M |
| Accommodation and Food Services | 8 | $5.2M |
| Health Care and Social Assistance | 6 | $3.6M |
| Wholesale Trade | 5 | $2.9M |
| Other Services | 7 | $624K |
SBA lending in Le Mars by year
Geography, precisely
"Le Mars area" here means the Le Mars, IA micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Plymouth 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.