SBA lending by state
SBA Lending in Iowa
In Iowa, SBA lenders funded 3,621 7(a) and 504 loans totaling $1.9B, an average of $512K per loan. The most active lender is Iowa Business Growth Company, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Funded loans
3,621
Total volume
$1.9B
Average loan size
$512K
Most active SBA lenders in Iowa
| Lender | Loans | Total volume |
|---|---|---|
| Iowa Business Growth Company | 498 | $317.1M |
| Siouxland Economic Development Corporation | 286 | $212.5M |
| Black Hawk Economic Development, Inc. | 186 | $103.1M |
| Lincoln Savings Bank | 143 | $71.5M |
| E.C.I.A. Business Growth, Inc. | 86 | $65.0M |
| Dakota Business Finance | 54 | $50.7M |
| Pivotal Business Partners | 58 | $38.7M |
| Farmers and Merchants Savings Bank | 59 | $35.3M |
Top industries funded in Iowa
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 576 | $378.0M |
| Manufacturing | 355 | $292.8M |
| Retail Trade | 449 | $217.9M |
| Health Care and Social Assistance | 362 | $181.6M |
| Other Services | 383 | $140.1M |
| Construction | 389 | $126.6M |
| Wholesale Trade | 138 | $89.8M |
| Arts, Entertainment, Recreation | 166 | $78.8M |
SBA lending in Iowa by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 111 | $55.1M |
| 2011 | 102 | $53.9M |
| 2012 | 133 | $82.3M |
| 2013 | 89 | $44.7M |
| 2014 | 64 | $41.0M |
| 2015 | 57 | $27.9M |
| 2016 | 62 | $51.6M |
| 2017 | 64 | $30.3M |
| 2018 | 56 | $33.9M |
| 2019 | 46 | $40.6M |
| 2020 | 425 | $230.9M |
| 2021 | 476 | $263.1M |
| 2022 | 466 | $242.6M |
| 2023 | 340 | $139.4M |
| 2024 | 475 | $194.7M |
| 2025 | 489 | $222.1M |
| 2026 | 166 | $101.4M |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.