SBA lending by metro area
SBA lenders in Spirit Lake, IA
Which lenders fund Spirit Lake-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 Spirit Lake area
Ranked by SBA volume funded to businesses located in the Spirit Lake 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 | Dakota Business Finance | 17 | $7.5M | $443K | not reported |
| 2 | Central Bank | 13 | $6.1M | $466K | not reported |
| 3 | Midwest Business Finance Corporation | 11 | $5.7M | $520K | not reported |
| 4 | Northwest Bank | 16 | $5.4M | $338K | not reported |
| 5 | Bank Midwest | 33 | $4.5M | $137K | 0.00% |
| 6 | Siouxland Economic Development Corporation | 7 | $2.5M | $355K | 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 Spirit Lake compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Spirit Lake area | $202K ▲ 13.5% | 33.9% ▲ 18.2 pts |
| Iowa | $178K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Spirit Lake
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 21 | $9.7M |
| Manufacturing | 19 | $9.6M |
| Retail Trade | 25 | $7.2M |
| Administrative and Support | 7 | $2.9M |
| Other Services | 12 | $2.6M |
| Health Care and Social Assistance | 9 | $2.2M |
| Professional and Technical Services | 9 | $767K |
SBA lending in Spirit Lake by year
Geography, precisely
"Spirit Lake area" here means the Spirit Lake, IA micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Dickinson 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.