SBA by industry · IA

SBA lenders for manufacturers in Iowa

37 lenders made 71 SBA loans to manufacturers in Iowa in the 36 months ending September 30, 2026. U.S. Bank National Association made the most, with 9. The typical loan was about $320K.

Evidence
SBA 7(a) and 504 loans to manufacturers in Iowa, NAICS 31 to 33
Data as of
SBA, September 30, 2026
Page last changed
November 12, 2026
Lenders on record
37
SBA FOIA,
SBA loans, 36 months
71
SBA FOIA,
7(a) net of cancelled; 504 funded first liens
Dollars, 36 months
$58.9M
SBA FOIA,
Last 12 months
29
SBA FOIA,

Cite this

Source: The Lender Report, SBA lenders for manufacturers in Iowa, https://lender.report/sba-lenders-for/manufacturing/iowa/, data as of September 30, 2026.

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SBA lenders for manufacturers in Iowa. Ordered by loans recorded in the place, then dollars, then name. Payment is not part of the order. First 25 of 37.
LenderKindBased inLoansDollars7(a)504Last 12 months
U.S. Bank National Association SBA 7(a) recordBankCincinnati, OH9$4.63M904
Readycap Lending, LLC SBA 7(a) recordNon-bankBerkeley Heights, NJ5$7.05M500
Northwest Bank SBA 7(a) recordBankSpencer, IA4$735K401
Pathward, National Association SBA 7(a) recordBankSioux Falls, SD3$5.40M300
City State Bank SBA 7(a) recordBankNorwalk, IA3$5.00M303
Four States Bank SBA 7(a) recordBankCarthage, MO3$1.95M303
Newtek Bank, National Association SBA 7(a) recordBankMiami, FL3$1.61M302
Bankers Trust Company SBA 7(a) recordBankDes Moines, IA3$410K303
Availa Bank SBA 7(a) recordBankCarroll, IA2$4.60M200
Colony Bank SBA 7(a) recordBankFitzgerald, GA2$4.32M200
The Huntington National Bank SBA 7(a) recordBankColumbus, OH2$3.35M200
Iowa State BankBankHull, IA2$2.40M111
South Story Bank & TrustBankSlater, IA2$1.40M202
First Mid Bank & Trust, National Association SBA 7(a) recordBankMattoon, IL2$1.39M110
United Bank of Iowa SBA 7(a) recordBankIda Grove, IA2$930K200
Bank Iowa SBA 7(a) recordBankWest Des Moines, IA2$533K201
Northeast Bank SBA 7(a) recordBankPortland, ME2$350K200
TruBank SBA 7(a) recordBankIndianola, IA1$3.10M100
Peoples BankBankRock Valley, IA1$1.60M010
BankIowaBankCedar Rapids, IA1$1.50M010
American State Bank SBA 504 recordBankSioux Center, IA1$1.20M010
Heritage Bank, Inc. SBA 7(a) recordBankBurlington, KY1$1.20M100
Farmers State Bank SBA 7(a) recordBankWaterloo, IA1$800K100
Leighton State BankBankPella, IA1$550K010
Nicolet National Bank SBA 7(a) recordBankGreen Bay, WI1$360K100
SBA FOIA,

Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.

Detailed industries in this group in Iowa
IndustryLoans
Commercial Screen Printing9
All Other Miscellaneous Fabricated Metal Product Manufacturing6
Machine Shops5
Retail Bakeries5
All Other Plastics Product Manufacturing3
Meat Processed from Carcasses3
Sign Manufacturing3
Wood Kitchen Cabinet and Countertop Manufacturing3
All Other Industrial Machinery Manufacturing2
Apparel Accessories and Other Apparel Manufacturing2
SBA FOIA,
SBA loans for manufacturers in Iowa, by size
Loan sizeLoans
Under $150K17
$150K to $350K19
$350K to $1M13
$1M to $2.5M14
$2.5M or more8
SBA FOIA,
  • SBA lenders recorded 71 loans to manufacturers totaling $58.9M in Iowa in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
  • The typical loan was about $320K, with the middle half between $150K and $1.2M. SBA FOIA,
  • 65 were SBA 7(a) loans and 6 were SBA 504 first liens. SBA FOIA,
  • SBA 7(a) lenders reported a median initial rate of 9.00% on 65 loans. SBA FOIA,
  • The median term was 10 years. SBA FOIA,
  • Banks and savings institutions made 65 of the loans, credit unions 0, and non-banks 6. SBA FOIA,
  • The five most active lenders made 33.8% of the loans. SBA FOIA,
  • The three most active lenders were U.S. Bank National Association with 9, Readycap Lending, LLC with 5, and Northwest Bank with 4. SBA FOIA,
  • 17 of the loans were under $150K, and 22 were $1M or more. SBA FOIA,
  • The SBA file shows 29 approvals of these loans dated in the 12 months to September 30, 2026, versus 17 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
  • 22 of the 37 lenders are based in Iowa. The rest are based elsewhere, most often in Florida, Illinois and Ohio. SBA FOIA,
  • The most common detailed industry in Iowa was Commercial Screen Printing, with 9 loans. SBA FOIA,

How this list is defined

Measure
SBA loans made to manufacturers in Iowa
Period
October 2023 to September 2026
Formula
Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Iowa, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 31 to 33.
Order
Largest first by loans in the state, 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.

What we don't know

  • Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
  • Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
  • The borrower, the address and every term beyond rate and term. The public file does not show them.

Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. 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.