SBA 7(a) · IA

SBA 7(a) lenders in Iowa

156 lenders made at least one SBA 7(a) loan in Iowa in the 36 months ending September 30, 2026. U.S. Bank National Association made the most, with 199 of the 1,052 on record.

Evidence
Lender recorded at least one SBA 7(a) loan to a business in Iowa in the 36 months ending September 30, 2026
Data as of
SBA, September 30, 2026
Page last changed
November 11, 2026
Lenders on record
156
SBA FOIA,
Loans, 36 months
1,052
SBA FOIA,
Approvals, net of cancelled
Dollars, 36 months
$460M
SBA FOIA,
Approvals, last 12 months
280
SBA FOIA,
-26.9% from the prior 12 months

Cite this

Source: The Lender Report, SBA 7(a) lenders in Iowa, https://lender.report/sba-7a-lenders/iowa/, data as of September 30, 2026.

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Iowa SBA 7(a) lenders, by loans in the state over 36 months. First 25 of 156.
LenderKindBased inLoansDollars
U.S. Bank National Association SBA 7(a) recordBankCincinnati, OH199$26.7M
Farmers State Bank SBA 7(a) recordBankWaterloo, IA41$13.0M
The Huntington National Bank SBA 7(a) recordBankColumbus, OH40$18.7M
Nicolet National Bank SBA 7(a) recordBankGreen Bay, WI32$11.1M
Newtek Bank, National Association SBA 7(a) recordBankMiami, FL32$10.8M
Northwest Bank SBA 7(a) recordBankSpencer, IA31$12.0M
Northeast Bank SBA 7(a) recordBankPortland, ME30$3.98M
Readycap Lending, LLC SBA 7(a) recordNon-bankBerkeley Heights, NJ25$14.1M
Live Oak Banking Company SBA 7(a) recordBankWilmington, NC23$40.0M
Lincoln Savings Bank SBA 7(a) recordBankReinbeck, IA21$8.48M
Bankers Trust Company SBA 7(a) recordBankDes Moines, IA20$6.05M
BayFirst National Bank SBA 7(a) recordBankSaint Petersburg, FL20$2.83M
Hills Bank and Trust Company SBA 7(a) recordBankHills, IA20$2.48M
Wells Fargo Bank, National Association SBA 7(a) recordBankSioux Falls, SD19$6.46M
Lendistry SBLC, LLC SBA 7(a) recordNon-bankLos Angeles, CA17$3.92M
Farmers & Merchants Savings Bank SBA 7(a) recordBankManchester, IA16$5.08M
Cedar Rapids Bank and Trust Company SBA 7(a) recordBankCedar Rapids, IA16$4.05M
TruBank SBA 7(a) recordBankIndianola, IA15$4.74M
Bank Iowa SBA 7(a) recordBankWest Des Moines, IA15$2.64M
Fortress Bank SBA 7(a) recordBankPeoria, IL13$5.93M
United Bank of Iowa SBA 7(a) recordBankIda Grove, IA13$4.15M
United Midwest Savings Bank, National Association SBA 7(a) recordBankDegraff, OH13$2.85M
First Mid Bank & Trust, National Association SBA 7(a) recordBankMattoon, IL12$4.11M
Farmers State Bank SBA 7(a) recordBankMarion, IA12$3.01M
Celtic Bank SBA 7(a) recordBankSalt Lake City, UT12$2.05M
SBA FOIA,

See all 156 SBA 7(a) lenders in Iowa in Loan Comps

  • Lenders recorded 1,052 SBA 7(a) loans totaling $460.1M in Iowa in the 36 months ending September 30, 2026. SBA FOIA,
  • Banks and savings institutions made 973 of those, credit unions 24, and non-banks 55. SBA FOIA,
  • The five most active lenders made 32.7% of Iowa's SBA 7(a) loans. SBA FOIA,
  • Live Oak Banking Company recorded the most dollars in Iowa, at $40M. SBA FOIA,
  • 63 of these lenders are based in Iowa. SBA FOIA,
  • 29 lenders recorded 10 or more SBA 7(a) loans in Iowa. SBA FOIA,
  • The SBA file shows 280 SBA 7(a) approvals in Iowa dated in the 12 months to September 30, 2026, versus 383 in the prior 12 months. Both counts leave out cancelled approvals. SBA FOIA,
  • The typical SBA 7(a) loan in Iowa was about $150K, with the middle half between $50K and $420K. SBA FOIA,
  • Lenders reported a median rate of 9.50% on 1,052 loans in Iowa, with the middle half between 8.50% and 11.00%. SBA FOIA,
  • The median term in Iowa was 10 years. SBA FOIA,

How this list is defined

Measure
SBA 7(a) loans made in Iowa
Period
October 2023 to September 2026
Formula
Count, by lender, of SBA 7(a) approvals located in Iowa and dated in the 36 months ending September 30, 2026, whose status is not cancelled. A lender is listed if it made at least one.
Order
Largest first by loans in the 36 months, then dollars, then name. Payment is not part of the order.
As of
September 30, 2026
Source
SBA FOIA
Changelog
  • : First published, with the data built on this date.

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SBA 7(a) is the main SBA loan program for small businesses. The SBA guarantees part of each loan and the lender decides who gets one.

SBA figures are approvals, shown net of cancelled loans where the column says so. SBA has not reviewed or endorsed this site.

Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out.

SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.

Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem

Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.