Top SBA Lenders in Iowa for Accommodation & Food Services
4 SBA 7(a) lenders active in Iowa's accommodation & food services sector.
Lenders
13 loans
Total Volume
Median Rate
State avg: Prime + 2.00%
Default Rate
State avg: 1.5%
Top Accommodation & Food Services Lenders in Iowa
Rate Distribution (Accommodation & Food Services in Iowa)
All Accommodation & Food Services Lenders in Iowa
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | GBank | 4 | $11.5M | P+1.00% | 0.6% |
| 2 | Farmers State Bank | 3 | $300K | P+0.00% | 0.0% |
| 3 | Denver Savings Bank | 3 | $391K | P+3.25% | 0.0% |
| 4 | OptimumBank | 3 | $8.3M | P+3.00% | 0.0% |
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4 SBA 7(a) lenders are active in Iowa's accommodation & food services sector, having originated 13 loans totaling $20.4M. The median rate for accommodation & food services acquisitions in Iowa is Prime + 3.00%, compared to the statewide median of Prime + 2.00%.
The 10-year cumulative default rate for this niche is 0.6%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in accommodation & food services in Iowa?
4 SBA 7(a) lenders have originated accommodation & food services acquisition loans in Iowa, with a combined 13 loans.
What rate can I expect for a accommodation & food services acquisition in Iowa?
The median rate is Prime + 3.00% (Prime + spread). This compares to a statewide median of Prime + 2.00%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for accommodation & food services SBA loans in Iowa?
The 10-year cumulative default rate is 0.6%, compared to a statewide average of 1.5%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
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.