Top Industries Financed
- All Other Miscellaneous Store Retailers (except Tobacco Stores)
- Drinking Places (Alcoholic Beverages)
- Tire and Tube Merchant Wholesalers
- Pet Care (except Veterinary) Services
- Electrical Contractors
Quick Summary
Central Bank is an SBA-approved lender headquartered in STORM LAKE, Iowa. Since 2020, they have approved 15 SBA 7(a) loans totaling $12.0M, with an average loan size of $803K. They serve businesses across 2 states.
About Central Bank
Central Bank is an SBA-approved lender headquartered in STORM LAKE, Iowa. Since 2020, they have approved 15 SBA 7(a) loans totaling $12.0M, with an average loan size of $803K. They serve businesses across 2 states.
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Frequently Asked Questions
Is Central Bank an SBA Preferred Lender?
Central Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Central Bank approved?
According to SBA FOIA public records, Central Bank has approved 15 SBA 7(a) loans totaling $12.0M since 2020. Their average loan size is $803K.
What states does Central Bank serve?
Central Bank serves businesses in 2 states: Iowa, Nebraska.
How do I apply for an SBA loan with Central Bank?
To apply for an SBA 7(a) loan with Central Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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