SBA lending by state
SBA Lending in Iowa
In Iowa, SBA lenders funded 7,963 7(a) and 504 loans since FY2010, totaling $3.4B, an average of $422K per loan. The most active lender is U.S. Bank, National Association, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Iowa
Ranked by SBA loans funded in Iowa since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Iowa loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Iowa shows “not reported,” never 0%.
See the full Iowa ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 649 | $67.1M | $103K | 2.77% |
| 2 | Iowa Business Growth Company | 498 | $317.1M | $637K | not reported |
| 3 | Farmers State Bank | 377 | $77.6M | $206K | 2.65% |
| 4 | Wells Fargo Bank National Association | 356 | $85.3M | $240K | 5.62% |
| 5 | Siouxland Economic Development Corporation | 286 | $212.5M | $743K | not reported |
| 6 | Cedar Rapids Bank and Trust Company | 237 | $110.0M | $464K | 1.69% |
| 7 | Northwest Bank | 207 | $73.2M | $354K | 4.35% |
| 8 | Lincoln Savings Bank | 188 | $108.2M | $575K | 3.19% |
| 9 | Black Hawk Economic Development, Inc. | 186 | $103.1M | $555K | not reported |
| 10 | Hills Bank and Trust Company | 181 | $25.5M | $141K | 1.66% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Iowa
An SBA 504 project in Iowa pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Iowa, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Iowa Business Growth Company | 498 | $317.1M |
| Siouxland Economic Development Corporation | 286 | $212.5M |
| Black Hawk Economic Development, Inc. | 186 | $103.1M |
| E.C.I.A. Business Growth, Inc. | 86 | $65.0M |
| Pivotal Business Partners | 58 | $38.7M |
| Dakota Business Finance | 54 | $50.7M |
| Small Business Growth Corporation | 51 | $34.0M |
| Midwest Business Finance Corporation | 15 | $6.7M |
| South Dakota Development Corporation | 2 | $1.8M |
| Nebraska Economic Development Corporation | 2 | $1.1M |
Showing the 10 CDCs most active on 504 loans in Iowa; the full directory lists every CDC.
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Iowa
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 1,164 | $608.2M |
| Manufacturing | 751 | $482.3M |
| Retail Trade | 1,066 | $419.9M |
| Health Care and Social Assistance | 793 | $324.8M |
| Construction | 934 | $272.1M |
| Other Services | 823 | $251.6M |
| Wholesale Trade | 324 | $179.4M |
| Professional and Technical Services | 516 | $170.8M |
Top cities for SBA loans in Iowa
Where SBA 7(a) and 504 borrowers in Iowa are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Des Moines | 554 | $239.8M |
| Cedar Rapids | 514 | $235.8M |
| Davenport | 323 | $155.4M |
| West Des Moines | 285 | $119.9M |
| Ankeny | 269 | $114.3M |
| Sioux City | 190 | $92.1M |
| Urbandale | 201 | $89.0M |
| Grimes | 97 | $69.2M |
SBA lending by metro area in Iowa
Which lenders fund each Iowa market, with local loan sizes and industries.
- SBA lenders in Omaha, NE 3,285 loans
- SBA lenders in Des Moines, IA 2,283 loans
- SBA lenders in Cedar Rapids, IA 920 loans
- SBA lenders in Davenport, IA 837 loans
- SBA lenders in Sioux City, IA 329 loans
- SBA lenders in Waterloo, IA 518 loans
- SBA lenders in Iowa City, IA 423 loans
- SBA lenders in Ames, IA 239 loans
- SBA lenders in Mason City, IA 248 loans
- SBA lenders in Dubuque, IA 183 loans
- SBA lenders in Clinton, IA 113 loans
- SBA lenders in Fort Dodge, IA 68 loans
- SBA lenders in Spirit Lake, IA 115 loans
- SBA lenders in Le Mars, IA 53 loans
- SBA lenders in Carroll, IA 42 loans
- SBA lenders in Burlington, IA 48 loans
- SBA lenders in Ottumwa, IA 64 loans
- SBA lenders in Muscatine, IA 63 loans
- SBA lenders in Pella, IA 72 loans
- SBA lenders in Spencer, IA 57 loans
- SBA lenders in Marshalltown, IA 35 loans
- SBA lenders in Storm Lake, IA 32 loans
- SBA lenders in Oskaloosa, IA 35 loans
SBA lending in Iowa by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 700 | $253.1M |
| 2011 | 673 | $293.9M |
| 2012 | 590 | $251.7M |
| 2013 | 525 | $194.8M |
| 2014 | 442 | $149.8M |
| 2015 | 443 | $134.9M |
| 2016 | 482 | $197.1M |
| 2017 | 459 | $156.3M |
| 2018 | 406 | $168.2M |
| 2019 | 406 | $167.6M |
| 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 |
SBA lending in Iowa: frequently asked questions
How much SBA lending is there in Iowa?
SBA lenders funded 7,963 7(a) and 504 loans totaling $3.4B in Iowa in the public SBA data (as of 2026-03-31), an average of $422K per loan.
Who is the most active SBA lender in Iowa?
U.S. Bank, National Association is the most active SBA lender in Iowa in the public data, by loans funded.
What industries get the most SBA loans in Iowa?
The most-funded industry for SBA loans in Iowa is Accommodation and Food Services.
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