SBA 7(a) loans in Iowa
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
1,052loans approved
$150,000median loan
$50K–$424Kmiddle half of loans
$460.1Mtotal approved
10%median initial rate
10 yrsmedian term
The median Iowa loan is 14% smaller than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Full-Service Restaurants (722511) | 54 | $177,500 |
| Fitness and Recreational Sports Centers (713940) | 37 | $150,000 |
| Residential Remodelers (236118) | 32 | $50,000 |
| Limited-Service Restaurants (722513) | 29 | $395,000 |
| Landscaping Services (561730) | 28 | $183,750 |
| All Other Specialty Trade Contractors (238990) | 21 | $137,500 |
| Beauty Salons (812112) | 21 | $115,000 |
| Offices of Chiropractors (621310) | 21 | $104,000 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 18 | $67,000 |
| Hotels (except Casino Hotels) and Motels (721110) | 17 | $1,960,000 |
Most active lenders in Iowa
| Lender | Loans | Median | Total |
|---|---|---|---|
| U.S. Bank, National Association | 199 | $36,000 | $26.7M |
| Farmers State Bank | 53 | $135,500 | $16.0M |
| The Huntington National Bank | 40 | $217,500 | $18.7M |
| Newtek Bank, National Association | 32 | $190,000 | $10.8M |
| Nicolet National Bank | 32 | $174,800 | $11.1M |
| Northwest Bank | 31 | $93,000 | $12.0M |
| Northeast Bank | 30 | $109,800 | $4.0M |
| Readycap Lending, LLC | 25 | $50,000 | $14.1M |
| Live Oak Banking Company | 23 | $525,000 | $40.0M |
| Lincoln Savings Bank | 21 | $175,000 | $8.5M |
SBA 504 loans in Iowa
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
167504 loans approved
$475,000median CDC portion
$137.3Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Iowa
| Lender | Loans | Median | Total |
|---|---|---|---|
| Iowa Business Growth Company | 62 | $465,500 | $50.1M |
| Siouxland Economic Development Corporation | 23 | $797,000 | $21.9M |
| Dakota Business Finance | 23 | $339,000 | $15.7M |
| Black Hawk Economic Development, INC. | 19 | $229,000 | $8.5M |
| Pivotal Business Partners | 15 | $514,000 | $13.2M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.