SBA lending by metro area
SBA lenders in Spencer, IA
Which lenders fund Spencer-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 Spencer area
Ranked by SBA volume funded to businesses located in the Spencer 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 | 13 | $7.0M | $538K | not reported |
| 2 | Northwest Bank | 16 | $3.0M | $185K | not reported |
| 3 | Community State Bank | 5 | $2.7M | $547K | 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 Spencer compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Spencer area | $183K ▲ 2.8% | 31.6% ▲ 15.9 pts |
| Iowa | $178K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Spencer
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 10 | $4.7M |
| Construction | 9 | $3.1M |
| Accommodation and Food Services | 7 | $2.6M |
| Wholesale Trade | 5 | $2.5M |
| Health Care and Social Assistance | 7 | $1.2M |
SBA lending in Spencer by year
Geography, precisely
"Spencer area" here means the Spencer, IA micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Clay 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.