States › Iowa › Dickinson County
County14th of 94 in Iowa by approvalsFIPS 19059
SBA loans in Dickinson 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.
Businesses in Dickinson County, Iowa, received 34 SBA loan approvals worth $15.0M in FY2021 to FY2025 (18 7(a), 16 504).
That is 43.4 approvals per 1,000 business establishments (784 establishments in 2023), above the Iowa figure of 27.0 and close to the national 41.0.
It ranks 14th of 94 Iowa counties with approvals. In FY2025 there were 4.
11 lenders had approvals here; the most active were Dakota Business Finance (10), Bank Midwest (9) and Northwest Bank (3). The most common industry was restaurants and other eating places.
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 Dickinson County
By number of approvals to businesses in the county, FY2021–FY2025; 11 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Dakota Business FinanceSioux Falls, SD · CDC | 10 | $5.8M | 29.4% | |
| 2 | Bank MidwestSpirit Lake, IA | 9 | $946K | 26.5% | |
| 3 | Northwest BankSpencer, IA | 3 | $1.1M | 8.8% | |
| 4 | Midwest Business Finance CorporationSt. Cloud, MN · CDC | 3 | $716K | 8.8% | |
| 5 | Iowa Business Growth CompanyJohnston, IA · CDC | 2 | — | 5.9% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 5.9% | |
| 7 | Climate First BankSt. Petersburg, FL | 1 | — | 2.9% | |
| 8 | Happen BankLehi, UT | 1 | — | 2.9% | |
| 9 | Siouxland Economic Development CorporationSioux City, IA · CDC | 1 | — | 2.9% | |
| 10 | Security Savings BankCanton, SD | 1 | — | 2.9% | |
| 11 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 20.6% | |
| 2 | Traveler AccommodationNAICS 7211 | 4 | 11.8% | |
| 3 | Building Material and Supplies DealersNAICS 4441 | 4 | 11.8% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 5.9% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 2 | 5.9% | |
| 6 | Clothing StoresNAICS 4481 | 2 | 5.9% | |
| 7 | Remediation and Other Waste Management ServicesNAICS 5629 | 1 | 2.9% | |
| 8 | Offices of DentistsNAICS 6212 | 1 | 2.9% | |
| 9 | Gasoline StationsNAICS 4471 | 1 | 2.9% | |
| 10 | Automobile DealersNAICS 4411 | 1 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 11 | 32.4% | |
| 2 | Retail Trade | 9 | 26.5% | |
| 3 | Health Care and Social Assistance | 4 | 11.8% | |
| 4 | Other Services (except Public Administration) | 4 | 11.8% | |
| 5 | Manufacturing | 2 | 5.9% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 1 | 2.9% | |
| 7 | Transportation and Warehousing | 1 | 2.9% | |
| 8 | Professional, Scientific, and Technical Services | 1 | 2.9% |
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* | 2 | — | — | 3 | $920K | 5 | 25 |
| FY2025 | 3 | $3.1M | $579K | 1 | — | 4 | 37 |
| FY2024 | 2 | — | — | 4 | $2.3M | 6 | 48 |
| FY2023 | 1 | — | — | 1 | — | 2 | 1 |
| FY2022 | 7 | $969K | $75K | 4 | $3.1M | 11 | 122 |
| FY2021 | 5 | $1.2M | $207K | 6 | $2.8M | 11 | 98 |
| FY2020 | 3 | $1.2M | $225K | 3 | $951K | 6 | 32 |
| FY2019 | 7 | $1.2M | $146K | 3 | $517K | 10 | 82 |
| FY2018 | 5 | $799K | $70K | 0 | — | 5 | 96 |
| FY2017 | 6 | $560K | $78K | 2 | — | 8 | 32 |
| FY2016 | 5 | $514K | $100K | 4 | $2.7M | 9 | 78 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 38 approvals.
Against Iowa and the country
| FY2021–FY2025 | Dickinson County | Iowa | United States |
|---|---|---|---|
| Approvals | 34 | 2,248 | 342,825 |
| Approvals per 1,000 establishments | 43.4 | 27.0 | 41.0 |
| Median 7(a) approval | $123K | $155K | $190K |
| Median 504 approval | $381K | $517K | $657K |
| Average approval | $441K | $474K | $573K |
| 504 share of approvals | 47.1% | 16.2% | 11.0% |
| Jobs supported per approval, as reported | 9.0 | 10.3 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less14.7%5
- $50,001 to $150,00026.5%9
- $150,001 to $350,00017.6%6
- $350,001 to $1 million29.4%10
- $1 million to $2 million8.8%3
- Over $2 million2.9%1
Age of the businesses
- Existing, more than 2 years old55.9%19
- New business, 2 years or less8.8%3
- Startup, loan funds will open the business23.5%8
- Change of ownership11.8%4
Questions and answers
Which lenders make the most SBA loans in Dickinson County?
By approvals in FY2021 to FY2025: Dakota Business Finance (10), Bank Midwest (9), Northwest Bank (3), Midwest Business Finance Corporation (3), Iowa Business Growth Company (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Dickinson County?
The median 7(a) approval was $123K and the median 504 approval $381K; the Iowa 7(a) median was $155K.
Which industries get the most SBA loans in Dickinson County?
Restaurants and Other Eating Places (7); Traveler Accommodation (4); Building Material and Supplies Dealers (4); Automotive Repair and Maintenance (2); Offices of Other Health Practitioners (2).
Is SBA lending in Dickinson County rising?
Approvals in the three latest complete fiscal years total 12, against 28 in the three before: falling (-57%).
How does Dickinson County compare with the rest of Iowa?
43.4 approvals per 1,000 establishments against 27.0 statewide, and 34 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