Top SBA Acquisition Lenders in Iowa
31 active SBA 7(a) lenders in Iowa, ranked by loan volume.
Lenders
in Iowa
Total Volume
Median Rate
Median Loan Size
Top Lenders in Iowa
Top 25 Lenders in Iowa
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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.