SBA by industry · IA
SBA lenders for wholesale distributors in Iowa
20 lenders made 38 SBA loans to wholesale distributors in Iowa in the 36 months ending September 30, 2026. U.S. Bank National Association made the most, with 8. The typical loan was about $180K.
- Evidence
- SBA 7(a) and 504 loans to wholesale distributors in Iowa, NAICS 42
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 20
- SBA FOIA,
- SBA loans, 36 months
- 38
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $21.5M
- SBA FOIA,
- Last 12 months
- 9
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for wholesale distributors in Iowa, https://lender.report/sba-lenders-for/wholesale/iowa/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 8 | $293K | 8 | 0 | 3 |
| Nicolet National Bank SBA 7(a) record | Bank | Green Bay, WI | 3 | $3.22M | 3 | 0 | 0 |
| Bankers Trust Company SBA 7(a) record | Bank | Des Moines, IA | 3 | $948K | 3 | 0 | 1 |
| Farmers & Merchants Savings Bank SBA 7(a) record | Bank | Manchester, IA | 3 | $840K | 3 | 0 | 0 |
| Lincoln Savings Bank SBA 7(a) record | Bank | Reinbeck, IA | 2 | $1.44M | 2 | 0 | 0 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 2 | $650K | 2 | 0 | 1 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 2 | $410K | 2 | 0 | 1 |
| Arbor Bank SBA 7(a) record | Bank | Nebraska City, NE | 2 | $250K | 2 | 0 | 0 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 2 | $228K | 2 | 0 | 1 |
| Central Bank SBA 7(a) record | Bank | Storm Lake, IA | 1 | $5.00M | 1 | 0 | 0 |
| T Bank, National Association SBA 7(a) record | Bank | Dallas, TX | 1 | $2.50M | 1 | 0 | 0 |
| Associated Bank, National Association SBA 7(a) record | Bank | Green Bay, WI | 1 | $1.80M | 1 | 0 | 1 |
| Rolling Hills Bank & Trust | Bank | Atlantic, IA | 1 | $1.50M | 1 | 0 | 0 |
| West Bank | Bank | West Des Moines, IA | 1 | $930K | 1 | 0 | 0 |
| Wells Fargo Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 1 | $850K | 1 | 0 | 0 |
| Luana Savings Bank | Bank | Luana, IA | 1 | $180K | 1 | 0 | 0 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 1 | $150K | 1 | 0 | 0 |
| Guthrie County State Bank | Bank | Panora, IA | 1 | $140K | 0 | 1 | 0 |
| Farmers State Bank SBA 7(a) record | Bank | Marion, IA | 1 | $100K | 1 | 0 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 1 | $50.0K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Clothing and Clothing Accessories Merchant Wholesalers | 4 |
| Farm Supplies Merchant Wholesalers | 4 |
| Sporting and Recreational Goods and Supplies Merchant Wholesalers | 4 |
| Automobile and Other Motor Vehicle Merchant Wholesalers | 3 |
| Recyclable Material Merchant Wholesalers | 3 |
| Tobacco Product and Electronic Cigarette Merchant Wholesalers | 3 |
| General Line Grocery Merchant Wholesalers | 2 |
| Industrial Supplies Merchant Wholesalers | 2 |
| Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 2 |
| Other Miscellaneous Nondurable Goods Merchant Wholesalers | 2 |
| Loan size | Loans |
|---|---|
| Under $150K | 16 |
| $150K to $350K | 8 |
| $350K to $1M | 8 |
| $1M to $2.5M | 4 |
| $2.5M or more | 2 |
- SBA lenders recorded 38 loans to wholesale distributors totaling $21.5M in Iowa in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $180K, with the middle half between $60K and $600K. SBA FOIA,
- 37 were SBA 7(a) loans and 1 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.25% on 37 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 38 of the loans, credit unions 0, and non-banks 0. SBA FOIA,
- The five most active lenders made 50.0% of the loans. SBA FOIA,
- The three most active lenders were U.S. Bank National Association with 8, Bankers Trust Company with 3, and Farmers & Merchants Savings Bank with 3. SBA FOIA,
- 16 of the loans were under $150K, and 6 were $1M or more. SBA FOIA,
- The SBA file shows 9 approvals of these loans dated in the 12 months to September 30, 2026, versus 16 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 9 of the 20 lenders are based in Iowa. The rest are based elsewhere, most often in Florida, Ohio and Wisconsin. SBA FOIA,
- The most common detailed industry in Iowa was Clothing and Clothing Accessories Merchant Wholesalers, with 4 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to wholesale distributors 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 42.
- 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.