County5th of 94 in Iowa by approvalsFIPS 19049
SBA loans in Dallas County, Iowa
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 99 loans to businesses in Dallas County, Iowa, in FY2021 to FY2025, worth $50.5M: 81 under 7(a) and 18 under 504.
That is 39.3 approvals per 1,000 business establishments (2,521 establishments in 2023), above the Iowa figure of 27.0 and close to the national 41.0.
It ranks 5th of 94 Iowa counties with approvals. In FY2025 there were 24, down 27% on FY2024.
41 lenders had approvals here; the most active were Iowa Business Growth Company (13), Lincoln Savings Bank (11) and U.S. Bank, National Association (8). The most common industry was offices of other health practitioners.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Dallas County
By number of approvals to businesses in the county, FY2021–FY2025; 41 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Iowa Business Growth CompanyJohnston, IA · CDC | 13 | $12.9M | 13.1% | |
| 2 | Lincoln Savings BankReinbeck, IA | 11 | $3.5M | 11.1% | |
| 3 | U.S. Bank, National AssociationCincinnati, OH | 8 | $269K | 8.1% | |
| 4 | Raccoon Valley BankPerry, IA | 6 | $3.4M | 6.1% | |
| 5 | Farmers State BankWaterloo, IA | 6 | $2.3M | 6.1% | |
| 6 | Bankers Trust CompanyDes Moines, IA | 5 | $1.8M | 5.1% | |
| 7 | Pivotal Business PartnersDes Moines, IA · CDC | 4 | $4.6M | 4.0% | |
| 8 | City State BankNorwalk, IA | 4 | $2.4M | 4.0% | |
| 9 | Northwest BankSpencer, IA | 3 | $710K | 3.0% | |
| 10 | VisionBank of IowaAmes, IA | 2 | — | 2.0% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 2 | — | 2.0% | |
| 12 | Union Bank and Trust CompanyLincoln, NE | 2 | — | 2.0% | |
| 13 | Citizens State Bank of New CastleNew Castle, IN | 2 | — | 2.0% | |
| 14 | The Huntington National BankColumbus, OH | 2 | — | 2.0% | |
| 15 | Northeast BankLewiston, ME | 2 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 10 | 10.1% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 9.1% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 8 | 8.1% | |
| 4 | Personal Care ServicesNAICS 8121 | 6 | 6.1% | |
| 5 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 6 | 6.1% | |
| 6 | Residential Building ConstructionNAICS 2361 | 5 | 5.1% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 4.0% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 4 | 4.0% | |
| 9 | Other Personal ServicesNAICS 8129 | 3 | 3.0% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 21 | 21.2% | |
| 2 | Other Services (except Public Administration) | 14 | 14.1% | |
| 3 | Accommodation and Food Services | 11 | 11.1% | |
| 4 | Health Care and Social Assistance | 11 | 11.1% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 10 | 10.1% | |
| 6 | Retail Trade | 8 | 8.1% | |
| 7 | Professional, Scientific, and Technical Services | 8 | 8.1% | |
| 8 | Manufacturing | 5 | 5.1% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 11 | $4.2M | $240K | 6 | $6.0M | 17 | 326 |
| FY2025 | 19 | $5.7M | $250K | 5 | $3.4M | 24 | 270 |
| FY2024 | 28 | $11.8M | $127K | 5 | $5.4M | 33 | 432 |
| FY2023 | 11 | $4.2M | $350K | 1 | — | 12 | 141 |
| FY2022 | 12 | $6.9M | $350K | 3 | $4.9M | 15 | 183 |
| FY2021 | 11 | $3.9M | $225K | 4 | $3.4M | 15 | 158 |
| FY2020 | 14 | $3.8M | $67K | 8 | $7.8M | 22 | 113 |
| FY2019 | 14 | $4.6M | $188K | 2 | — | 16 | 223 |
| FY2018 | 17 | $8.4M | $210K | 1 | — | 18 | 211 |
| FY2017 | 12 | $5.5M | $115K | 4 | $3.2M | 16 | 123 |
| FY2016 | 14 | $2.8M | $170K | 1 | — | 15 | 186 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 87 approvals.
Against Iowa and the country
| FY2021–FY2025 | Dallas County | Iowa | United States |
|---|---|---|---|
| Approvals | 99 | 2,248 | 342,825 |
| Approvals per 1,000 establishments | 39.3 | 27.0 | 41.0 |
| Median 7(a) approval | $250K | $155K | $190K |
| Median 504 approval | $680K | $517K | $657K |
| Average approval | $510K | $474K | $573K |
| 504 share of approvals | 18.2% | 16.2% | 11.0% |
| Jobs supported per approval, as reported | 12.0 | 10.3 | 10.5 |
| Share of state approvals | 4.4% | 100.0% | — |
Approval sizes
- $50,000 or less17.2%17
- $50,001 to $150,00017.2%17
- $150,001 to $350,00024.2%24
- $350,001 to $1 million26.3%26
- $1 million to $2 million10.1%10
- Over $2 million5.1%5
Age of the businesses
- Existing, more than 2 years old42.4%42
- New business, 2 years or less15.2%15
- Startup, loan funds will open the business29.3%29
- Change of ownership13.1%13
Questions and answers
Which lenders make the most SBA loans in Dallas County?
By approvals in FY2021 to FY2025: Iowa Business Growth Company (13), Lincoln Savings Bank (11), U.S. Bank, National Association (8), Raccoon Valley Bank (6), Farmers State Bank (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Dallas County?
The median 7(a) approval was $250K and the median 504 approval $680K; the Iowa 7(a) median was $155K.
Which industries get the most SBA loans in Dallas County?
Offices of Other Health Practitioners (10); Restaurants and Other Eating Places (9); Services to Buildings and Dwellings (8); Personal Care Services (6); Foundation, Structure, and Building Exterior Contractors (6).
Is SBA lending in Dallas County rising?
Approvals in the three latest complete fiscal years total 69, against 52 in the three before: rising (+33%).
How does Dallas County compare with the rest of Iowa?
39.3 approvals per 1,000 establishments against 27.0 statewide, and 99 of the state's 2,248 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error