SBA Lenders in Iowa
93 active SBA lenders · 1,683 loans approved · $737.5M total volume
All SBA Lenders in Iowa
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Lincoln Savings Bank | Reinbeck | 214 | $132.0M | $617K | ⭐ |
| MidWestOne Bank | IOWA CITY | 192 | $121.2M | $631K | ⭐ |
| Farmers State Bank | WATERLOO | 129 | $34.8M | $270K | ⭐ |
| Northwest Bank | SPENCER | 106 | $41.2M | $389K | ⭐ |
| Farmers and Merchants Savings Bank | MANCHESTER | 85 | $47.4M | $557K | ⭐ |
| Community 1st CU | OTTUMWA | 82 | $10.8M | $132K | — |
| Hills Bank and Trust Company | HILLS | 55 | $11.7M | $213K | ⭐ |
| First Citizens Bank | Mason City | 54 | $9.1M | $168K | ⭐ |
| United Bank of Iowa | IDA GROVE | 51 | $14.1M | $277K | ⭐ |
| Citizens First Bank | CLINTON | 44 | $8.9M | $203K | — |
| Clear Lake Bank & Trust Company | CLEAR LAKE | 44 | $11.9M | $271K | ⭐ |
| Bankers Trust Company | DES MOINES | 43 | $12.0M | $278K | ⭐ |
| Two Rivers Bank & Trust | BURLINGTON | 38 | $15.8M | $417K | — |
| City State Bank | NORWALK | 35 | $18.3M | $524K | ⭐ |
| Bank Iowa | WEST DES MOINES | 33 | $9.3M | $281K | — |
| TruBank | Indianola | 31 | $10.8M | $349K | ⭐ |
| Cedar Rapids Bank and Trust Company | Cedar Rapids | 29 | $22.7M | $781K | ⭐ |
| Bank Midwest | Spirit Lake | 25 | $11.6M | $464K | ⭐ |
| First Bank | WAVERLY | 20 | $8.4M | $421K | — |
| Fairfax State Savings Bank | FAIRFAX | 17 | $4.1M | $242K | — |
| Westside State Bank | WESTSIDE | 16 | $3.9M | $241K | — |
| Community Savings Bank | EDGEWOOD | 16 | $15.4M | $962K | — |
| Manufacturers Bank & Trust Company | FOREST CITY | 16 | $4.0M | $251K | ⭐ |
| NSB Bank | MASON CITY | 15 | $9.4M | $626K | ⭐ |
| Central Bank | STORM LAKE | 15 | $12.0M | $803K | — |
| Raccoon Valley Bank | PERRY | 15 | $8.0M | $535K | — |
| CBI Bank and Trust | MUSCATINE | 14 | $9.9M | $706K | — |
| Quad City Bank and Trust Company | BETTENDORF | 14 | $3.3M | $236K | ⭐ |
| First National Bank Ames, Iowa | AMES | 12 | $2.2M | $182K | ⭐ |
| The Clinton National Bank | CLINTON | 9 | $1.7M | $188K | ⭐ |
| VisionBank of Iowa | AMES | 9 | $6.5M | $723K | — |
| Iowa State Bank | DES MOINES | 9 | $9.3M | $1.0M | — |
| Midstates Bank, National Association | COUNCIL BLUFFS | 9 | $5.3M | $588K | — |
| Liberty National Bank | SIOUX CITY | 8 | $1.7M | $210K | — |
| State Savings Bank | WEST DES MOINES | 7 | $1.6M | $233K | — |
| Guthrie County State Bank | PANORA | 7 | $1.9M | $266K | — |
| Midwest Heritage Bank, F.S.B. | WEST DES MOINES | 7 | $2.3M | $331K | — |
| First State Bank | WEBSTER CITY | 7 | $5.8M | $828K | — |
| Citizens State Bank | WYOMING | 7 | $1.3M | $189K | — |
| First Central State Bank | De Witt | 6 | $5.4M | $897K | ⭐ |
| Ohnward Bank & Trust | CASCADE | 6 | $6.3M | $1.1M | — |
| Iowa Trust and Savings Bank | CENTERVILLE | 6 | $856K | $143K | — |
| Collins Community Credit Union | Cedar Rapids | 6 | $1.9M | $318K | ⭐ |
| Twin Cedars Bank | BUSSEY | 6 | $2.0M | $340K | — |
| Charter Bank | JOHNSTON | 6 | $3.3M | $545K | — |
| Central State Bank | Coralville | 6 | $3.1M | $520K | — |
| South Ottumwa Savings Bank | OTTUMWA | 5 | $1.0M | $208K | — |
| Luana Savings Bank | LUANA | 4 | $857K | $214K | — |
| West Bank | West Des Moines | 4 | $1.3M | $328K | ⭐ |
| Green Belt Bank & Trust | IOWA FALLS | 4 | $796K | $199K | — |
| Denver Savings Bank | Denver | 4 | $1.7M | $425K | — |
| South Story Bank & Trust | SLATER | 4 | $9.2M | $2.3M | — |
| Availa Bank | CARROLL | 4 | $5.2M | $1.3M | — |
| Heartland Bank | SOMERS | 4 | $966K | $242K | — |
| Houghton State Bank | RED OAK | 3 | $506K | $169K | — |
| Fidelity Bank & Trust | DUBUQUE | 3 | $660K | $220K | — |
| BANK | WAPELLO | 3 | $1.1M | $380K | — |
| United Bank & Trust Co | MARSHALLTOWN | 3 | $950K | $317K | — |
| Farmers and Merchants State Bank | WINTERSET | 3 | $1.6M | $538K | — |
| BankIowa | CEDAR RAPIDS | 3 | $924K | $308K | — |
| Leighton State Bank | PELLA | 3 | $455K | $152K | — |
| First Security Bank & Trust Company | CHARLES CITY | 3 | $726K | $242K | — |
| Freedom Financial Bank | WEST DES MOINES | 2 | $2.3M | $1.1M | — |
| Community Bank of Oelwein | OELWEIN | 2 | $619K | $309K | — |
| GreenState CU | NORTH LIBERTY | 2 | $909K | $454K | — |
| Home State Bank | JEFFERSON | 2 | $500K | $250K | — |
| Iowa State Bank and Trust Company of Fairfield, Iowa | FAIRFIELD | 2 | $401K | $201K | — |
| The Security National Bank of Sioux City, Iowa | SIOUX CITY | 2 | $323K | $162K | — |
| Keystone Savings Bank | Marengo | 2 | $2.9M | $1.4M | — |
| Kerndt Brothers Savings Bank | LANSING | 2 | $1.4M | $710K | — |
| Premier Bank | ROCK VALLEY | 2 | $241K | $121K | — |
| Cherokee State Bank | CHEROKEE | 2 | $917K | $459K | — |
| Security State Bank | SUTHERLAND | 2 | $362K | $181K | — |
| Farmers Savings Bank & Trust | TRAER | 2 | $193K | $97K | — |
| Community State Bank | SPENCER | 2 | $158K | $79K | — |
| Iowa Trust & Savings Bank | EMMETSBURG | 2 | $260K | $130K | — |
| Community Bank | DUNLAP | 1 | $120K | $120K | — |
| Reliance State Bank | Story City | 1 | $80K | $80K | — |
| Peoples Bank | Clive | 1 | $801K | $801K | — |
| Ascentra CU | BETTENDORF | 1 | $250K | $250K | — |
| Union State Bank | GREENFIELD | 1 | $270K | $270K | — |
| Veridian CU | Waterloo | 1 | $52K | $52K | — |
| Pinnacle Bank | MARSHALLTOWN | 1 | $592K | $592K | — |
| Bridge Community Bank | MOUNT VERNON | 1 | $50K | $50K | — |
| Farmers Savings Bank | COLESBURG | 1 | $495K | $495K | — |
| CUSB Bank | Cresco | 1 | $225K | $225K | — |
| First Iowa State Bank | ALBIA | 1 | $151K | $151K | — |
| Boone Bank & Trust Co. | BOONE | 1 | $620K | $620K | — |
| Rolling Hills Bank & Trust | ATLANTIC | 1 | $1.5M | $1.5M | — |
| Iowa State Savings Bank | CRESTON | 1 | $4.3M | $4.3M | — |
| WCF Financial Bank | WEBSTER CITY | 1 | $150K | $150K | — |
| American State Bank | OSCEOLA | 1 | $1.7M | $1.7M | — |
| Security Savings Bank | GOWRIE | 1 | $1.9M | $1.9M | — |
Finding an SBA Lender in Iowa
There are currently 93 SBA-approved lenders headquartered in Iowa, ranging from national banks to local community lenders. Together they have approved 1,683 SBA 7(a) loans totaling $737.5M since 2020.
Of these, 22 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Iowa
How many SBA lenders are in Iowa?
There are currently 93 SBA-approved lenders headquartered in Iowa. Together they have approved 1,683 SBA 7(a) loans totaling $737.5M since 2020. Of these, 22 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Iowa?
An SBA Preferred Lender (PLP) in Iowa is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Iowa currently has 22 Preferred Lenders.
How do I choose the best SBA lender in Iowa?
When choosing an SBA lender in Iowa, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 93 Iowa lenders so you can compare objectively.
How long does SBA loan approval take in Iowa?
With an SBA Preferred Lender in Iowa, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.