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29 active SBA 7(a) lenders in Iowa, ranked by loan volume.
Lenders
in Iowa
Total Volume
Median Rate
Median Loan Size
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Truliant FCU | 10 | $21.1M | P+2.75% | 0.0% |
| 2 | Bank Iowa | 7 | $1.3M | P+0.00% | 0.0% |
| 3 | BankVista | 6 | $4.8M | P+2.00% | 6.7% |
| 4 | GBank | 4 | $11.5M | P+1.00% | 0.6% |
| 5 | Denver Savings Bank | 3 | $391K | P+3.25% | 0.0% |
| 6 | First Bank | 3 | $5.9M | P+2.75% | 2.9% |
| 7 | Farmers and Merchants Savings Bank | 3 | $299K | P+1.75% | 0.0% |
| 8 | OptimumBank | 3 | $8.3M | P+3.00% | 0.0% |
| 9 | Farmers State Bank | 3 | $300K | P+0.00% | 0.0% |
| 10 | The Huntington National Bank | 2 | $4.0M | P+2.25% | 1.5% |
| 11 | Nicolet National Bank | 2 | $582K | P+2.00% | 0.6% |
| 12 | Raccoon Valley Bank | 2 | $1.4M | P+0.25% | 0.0% |
| 13 | American National Bank | 2 | $1.2M | P+1.25% | 1.3% |
| 14 | Northwest Bank | 2 | $389K | P+1.15% | 0.0% |
| 15 | MidWestOne Bank | 2 | $582K | P+2.00% | 0.0% |
| 16 | Hills Bank and Trust Company | 2 | $900K | P+0.00% | 0.0% |
| 17 | Stearns Bank National Association | 2 | $1.1M | P+2.75% | 5.1% |
| 18 | Fortress Bank | 1 | $201K | P+0.00% | 0.0% |
| 19 | Atlantic Union Bank | 1 | $1.5M | P+2.25% | 0.0% |
| 20 | Cedar Rapids Bank and Trust Company | 1 | $109K | P+2.25% | 16.7% |
| 21 | Farmers State Bank | 1 | $252K | P+0.95% | 0.0% |
| 22 | CBI Bank & Trust | 1 | $2.4M | P+0.00% | 0.0% |
| 23 | First National Bank | 1 | $165K | P+1.25% | 0.0% |
| 24 | United Bank of Iowa | 1 | $405K | P+0.00% | 0.0% |
| 25 | Central State Bank | 1 | $206K | P+0.00% | 0.0% |
Filter by industry and loan size, compare rates, and get personalized recommendations.
Customize your search →Iowa has 29 active SBA 7(a) acquisition lenders that have originated a combined 70 loans totaling $72.3M in volume. The median acquisition loan size in Iowa is $291K, with a median interest rate of Prime + 2.00% (Prime + spread).
When evaluating SBA lenders in Iowa, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
There are currently 29 active SBA 7(a) lenders in Iowa based on FOIA lending data. These lenders have originated 70 acquisition loans.
The median SBA 7(a) acquisition loan rate in Iowa is Prime + 2.00% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.