States Served
Top Industries Financed
- Full-Service Restaurants
- Radio Stations
Quick Summary
Cherokee State Bank is an SBA-approved lender headquartered in CHEROKEE, Iowa. Since 2020, they have approved 2 SBA 7(a) loans totaling $917K, with an average loan size of $459K. They primarily serve Iowa businesses.
About Cherokee State Bank
Cherokee State Bank is an SBA-approved lender headquartered in CHEROKEE, Iowa. Since 2020, they have approved 2 SBA 7(a) loans totaling $917K, with an average loan size of $459K. They primarily serve businesses in Iowa.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
Helpful SBA Borrower Guides
Frequently Asked Questions
Is Cherokee State Bank an SBA Preferred Lender?
Cherokee State 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 Cherokee State Bank approved?
According to SBA FOIA public records, Cherokee State Bank has approved 2 SBA 7(a) loans totaling $917K since 2020. Their average loan size is $459K.
What states does Cherokee State Bank serve?
Cherokee State Bank primarily serves businesses in Iowa.
How do I apply for an SBA loan with Cherokee State Bank?
To apply for an SBA 7(a) loan with Cherokee State 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+.
Get in Touch with This Lender
Contact Cherokee State Bank
Ready to Apply for an SBA Loan?
Check if you qualify in minutes — no impact to your credit score.
SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days