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County6th of 94 in Iowa by approvalsFIPS 19103
SBA loans in Johnson 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 93 loans to businesses in Johnson County, Iowa, in FY2021 to FY2025, worth $39.2M: 77 under 7(a) and 16 under 504.
That is 26.6 approvals per 1,000 business establishments (3,490 establishments in 2023), close to the Iowa figure of 27.0 and below the national 41.0.
It ranks 6th of 94 Iowa counties with approvals. In FY2025 there were 20, down 17% on FY2024.
27 lenders had approvals here; the most active were Nicolet National Bank (16), Hills Bank and Trust Company (14) and Iowa Business Growth Company (11). 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 Johnson County
By number of approvals to businesses in the county, FY2021–FY2025; 27 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Nicolet National BankGreen Bay, WI | 16 | $2.8M | 17.2% | |
| 2 | Hills Bank and Trust CompanyHills, IA | 14 | $2.1M | 15.1% | |
| 3 | Iowa Business Growth CompanyJohnston, IA · CDC | 11 | $11.8M | 11.8% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 9 | $1.3M | 9.7% | |
| 5 | Farmers and Merchants Savings BankManchester, IA | 5 | $594K | 5.4% | |
| 6 | Northeast BankLewiston, ME | 4 | $850K | 4.3% | |
| 7 | Lincoln Savings BankReinbeck, IA | 3 | $3.6M | 3.2% | |
| 8 | The Huntington National BankColumbus, OH | 3 | $1.4M | 3.2% | |
| 9 | Dakota Business FinanceSioux Falls, SD · CDC | 2 | — | 2.2% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 2 | — | 2.2% | |
| 11 | Pivotal Business PartnersDes Moines, IA · CDC | 2 | — | 2.2% | |
| 12 | First Interstate BankBillings, MT | 2 | — | 2.2% | |
| 13 | First Mid Bank & Trust, National AssociationMattoon, IL | 2 | — | 2.2% | |
| 14 | Central State BankCoralville, IA | 2 | — | 2.2% | |
| 15 | Farmers State BankMarion, IA | 2 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 14 | 15.1% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 7.5% | |
| 3 | Residential Building ConstructionNAICS 2361 | 7 | 7.5% | |
| 4 | Traveler AccommodationNAICS 7211 | 4 | 4.3% | |
| 5 | Offices of DentistsNAICS 6212 | 4 | 4.3% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 4.3% | |
| 7 | Grocery StoresNAICS 4451 | 4 | 4.3% | |
| 8 | Newspaper, Periodical, Book, and Directory PublishersNAICS 5131 | 4 | 4.3% | |
| 9 | Other Miscellaneous Store RetailersNAICS 4539 | 3 | 3.2% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 3 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 19 | 20.4% | |
| 2 | Retail Trade | 14 | 15.1% | |
| 3 | Construction | 10 | 10.8% | |
| 4 | Health Care and Social Assistance | 8 | 8.6% | |
| 5 | Other Services (except Public Administration) | 8 | 8.6% | |
| 6 | Arts, Entertainment, and Recreation | 8 | 8.6% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 4 | 4.3% | |
| 8 | Professional, Scientific, and Technical Services | 4 | 4.3% |
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* | 10 | $8.8M | $424K | 0 | — | 10 | 94 |
| FY2025 | 17 | $6.1M | $209K | 3 | $1.2M | 20 | 89 |
| FY2024 | 23 | $6.6M | $160K | 1 | — | 24 | 216 |
| FY2023 | 14 | $1.7M | $100K | 2 | — | 16 | 233 |
| FY2022 | 11 | $5.7M | $262K | 7 | $4.3M | 18 | 139 |
| FY2021 | 12 | $2.3M | $142K | 3 | $5.0M | 15 | 120 |
| FY2020 | 13 | $4.0M | $150K | 2 | — | 15 | 195 |
| FY2019 | 17 | $4.7M | $150K | 0 | — | 17 | 312 |
| FY2018 | 20 | $6.8M | $199K | 1 | — | 21 | 138 |
| FY2017 | 14 | $3.3M | $150K | 2 | — | 16 | 217 |
| FY2016 | 26 | $6.0M | $107K | 0 | — | 26 | 314 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 95 approvals.
Against Iowa and the country
| FY2021–FY2025 | Johnson County | Iowa | United States |
|---|---|---|---|
| Approvals | 93 | 2,248 | 342,825 |
| Approvals per 1,000 establishments | 26.6 | 27.0 | 41.0 |
| Median 7(a) approval | $160K | $155K | $190K |
| Median 504 approval | $592K | $517K | $657K |
| Average approval | $421K | $474K | $573K |
| 504 share of approvals | 17.2% | 16.2% | 11.0% |
| Jobs supported per approval, as reported | 8.6 | 10.3 | 10.5 |
| Share of state approvals | 4.1% | 100.0% | — |
Approval sizes
- $50,000 or less20.4%19
- $50,001 to $150,00019.4%18
- $150,001 to $350,00033.3%31
- $350,001 to $1 million17.2%16
- $1 million to $2 million4.3%4
- Over $2 million5.4%5
Age of the businesses
- Existing, more than 2 years old37.6%35
- New business, 2 years or less20.4%19
- Startup, loan funds will open the business25.8%24
- Change of ownership16.1%15
Questions and answers
Which lenders make the most SBA loans in Johnson County?
By approvals in FY2021 to FY2025: Nicolet National Bank (16), Hills Bank and Trust Company (14), Iowa Business Growth Company (11), U.S. Bank, National Association (9), Farmers and Merchants Savings Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Johnson County?
The median 7(a) approval was $160K and the median 504 approval $592K; the Iowa 7(a) median was $155K.
Which industries get the most SBA loans in Johnson County?
Restaurants and Other Eating Places (14); Other Amusement and Recreation Industries (7); Residential Building Construction (7); Traveler Accommodation (4); Offices of Dentists (4).
Is SBA lending in Johnson County rising?
Approvals in the three latest complete fiscal years total 60, against 48 in the three before: rising (+25%).
How does Johnson County compare with the rest of Iowa?
26.6 approvals per 1,000 establishments against 27.0 statewide, and 93 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