Top SBA Acquisition Lenders in Iowa
31 active SBA 7(a) lenders in Iowa, ranked by acquisition loan count.
Lenders
in Iowa
Total Volume
Median Rate
Median Loan Size
Top Lenders in Iowa
Loans
7
Rate
P+0.00%
0.0%
Small Business Administration (SBA) data only — profile coming soon
Lending by Industry in Iowa
Covers the 38 of 73 Iowa loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Iowa
| # | 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 | First Bank | 3 | $5.9M | P+2.75% | 2.9% |
| 6 | Farmers State Bank | 3 | $300K | P+0.00% | 0.0% |
| 7 | Denver Savings Bank | 3 | $391K | P+3.25% | 0.0% |
| 8 | OptimumBank | 3 | $8.3M | P+3.00% | 0.0% |
| 9 | Farmers and Merchants Savings Bank | 3 | $299K | P+1.75% | 0.0% |
| 10 | Nicolet National Bank | 2 | $582K | P+2.00% | 0.7% |
| 11 | MidWestOne Bank | 2 | $582K | P+2.00% | 0.0% |
| 12 | Raccoon Valley Bank | 2 | $1.4M | P+0.25% | 0.0% |
| 13 | Hills Bank and Trust Company | 2 | $900K | P+0.00% | 0.0% |
| 14 | The Huntington National Bank | 2 | $4.0M | P+2.25% | 1.8% |
| 15 | Farmers and Merchants Savings Bank | 2 | $173K | P+1.50% | 0.0% |
| 16 | Northwest Bank | 2 | $389K | P+1.15% | 0.0% |
| 17 | American National Bank | 2 | $1.2M | P+1.25% | 1.3% |
| 18 | Stearns Bank National Association | 2 | $1.1M | P+2.75% | 5.1% |
| 19 | United Bank of Iowa | 1 | $405K | P+0.00% | 0.0% |
| 20 | CBI Bank & Trust | 1 | $2.4M | P+0.00% | 0.0% |
| 21 | Central State Bank | 1 | $206K | P+0.00% | 0.0% |
| 22 | Central State Bank | 1 | $206K | P+0.00% | 0.0% |
| 23 | Fortress Bank | 1 | $201K | P+0.00% | 0.0% |
| 24 | T Bank, National Association | 1 | $2.5M | P+2.00% | 0.7% |
| 25 | Farmers State Bank | 1 | $252K | P+0.95% | 0.0% |
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Customize your search →SBA 7(a) Lending in Iowa
Iowa has 31 active SBA 7(a) acquisition lenders that have originated a combined 73 loans totaling $72.7M 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.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Iowa?
There are currently 31 active SBA 7(a) lenders in Iowa based on FOIA lending data. These lenders have originated 73 acquisition loans.
What is the typical SBA loan rate in Iowa?
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.
What is a PLP lender?
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.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.