SBA by industry · IA
SBA lenders for medical practices in Iowa
32 lenders made 77 SBA loans to medical practices in Iowa in the 36 months ending September 30, 2026. Nicolet National Bank made the most, with 7. The typical loan was about $150K.
- Evidence
- SBA 7(a) and 504 loans to medical practices in Iowa, NAICS 621, excluding dental
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 32
- SBA FOIA,
- SBA loans, 36 months
- 77
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $27.0M
- SBA FOIA,
- Last 12 months
- 20
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for medical practices in Iowa, https://lender.report/sba-lenders-for/medical-practices/iowa/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| Nicolet National Bank SBA 7(a) record | Bank | Green Bay, WI | 7 | $2.70M | 7 | 0 | 1 |
| Associated Bank, National Association SBA 7(a) record | Bank | Green Bay, WI | 5 | $1.60M | 5 | 0 | 1 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 5 | $559K | 5 | 0 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 4 | $1.20M | 4 | 0 | 3 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 3 | $5.39M | 3 | 0 | 1 |
| First National Bank, Ames, Iowa SBA 7(a) record | Bank | Ames, IA | 3 | $256K | 3 | 0 | 0 |
| Farmers State Bank SBA 7(a) record | Bank | Waterloo, IA | 3 | $135K | 3 | 0 | 1 |
| Northwest Bank SBA 7(a) record | Bank | Spencer, IA | 2 | $1.92M | 2 | 0 | 1 |
| Byline Bank SBA 7(a) record | Bank | Chicago, IL | 2 | $990K | 2 | 0 | 0 |
| Cedar Rapids Bank and Trust Company SBA 7(a) record | Bank | Cedar Rapids, IA | 2 | $600K | 2 | 0 | 0 |
| City State Bank SBA 7(a) record | Bank | Norwalk, IA | 2 | $500K | 2 | 0 | 0 |
| Hills Bank and Trust Company SBA 7(a) record | Bank | Hills, IA | 2 | $395K | 1 | 1 | 1 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 2 | $292K | 2 | 0 | 2 |
| Bank Iowa SBA 7(a) record | Bank | West Des Moines, IA | 2 | $119K | 2 | 0 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 2 | $110K | 2 | 0 | 1 |
| Adams Bank & Trust SBA 7(a) record | Bank | Ogallala, NE | 1 | $930K | 1 | 0 | 0 |
| Lincoln Savings Bank SBA 7(a) record | Bank | Reinbeck, IA | 1 | $810K | 1 | 0 | 0 |
| Denver Savings Bank | Bank | Denver, IA | 1 | $550K | 1 | 0 | 1 |
| Central Bank SBA 504 record | Bank | Storm Lake, IA | 1 | $380K | 0 | 1 | 0 |
| CRF Small Business Loan Company, LLC SBA 7(a) record | Non-bank | Minneapolis, MN | 1 | $310K | 1 | 0 | 1 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 1 | $260K | 1 | 0 | 1 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 1 | $260K | 1 | 0 | 0 |
| Central State Bank SBA 7(a) record | Bank | Coralville, IA | 1 | $210K | 1 | 0 | 0 |
| Fortress Bank SBA 7(a) record | Bank | Peoria, IL | 1 | $200K | 1 | 0 | 0 |
| Lendistry SBLC, LLC SBA 7(a) record | Non-bank | Los Angeles, CA | 1 | $150K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Offices of Chiropractors | 21 |
| Offices of All Other Miscellaneous Health Practitioners | 11 |
| Offices of Mental Health Practitioners (except Physicians) | 10 |
| Home Health Care Services | 8 |
| Offices of Physical, Occupational and Speech Therapists, and Audiologists | 8 |
| Offices of Physicians (except Mental Health Specialists) | 8 |
| Offices of Podiatrists | 3 |
| Ambulance Services | 2 |
| Offices of Optometrists | 2 |
| Offices of Physicians, Mental Health Specialists | 2 |
| Loan size | Loans |
|---|---|
| Under $150K | 31 |
| $150K to $350K | 15 |
| $350K to $1M | 14 |
| $1M to $2.5M | 2 |
| $2.5M or more | 1 |
- SBA lenders recorded 77 loans to medical practices totaling $27M in Iowa in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $150K, with the middle half between $62K and $350K. SBA FOIA,
- 61 were SBA 7(a) loans and 2 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.75% on 61 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 59 of the loans, credit unions 1, and non-banks 3. SBA FOIA,
- The five most active lenders made 31.2% of the loans. SBA FOIA,
- The three most active lenders were Nicolet National Bank with 7, Associated Bank, National Association with 5, and BayFirst National Bank with 5. SBA FOIA,
- 31 of the loans were under $150K, and 3 were $1M or more. SBA FOIA,
- 14 of these loans were made by lenders that have since merged or closed, that the file lists under a name with no lender record here, or that the loan tape shows only at a broader industry level. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 20 approvals of these loans dated in the 12 months to September 30, 2026, versus 27 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 16 of the 32 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 Offices of Chiropractors, with 21 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to medical practices 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 621, excluding dental.
- 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.