County7th of 94 in Iowa by approvalsFIPS 19181
SBA loans in Warren 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 70 loans to businesses in Warren County, Iowa, in FY2021 to FY2025, worth $34.3M: 57 under 7(a) and 13 under 504.
That is 68.6 approvals per 1,000 business establishments (1,020 establishments in 2023), above the Iowa figure of 27.0 and above the national 41.0.
It ranks 7th of 94 Iowa counties with approvals. In FY2025 there were 12, down 29% on FY2024.
26 lenders had approvals here; the most active were TruBank (20), Iowa Business Growth Company (10) and City State Bank (5). The most common industry was lessors of real estate.
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 Warren County
By number of approvals to businesses in the county, FY2021–FY2025; 26 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TruBankIndianola, IA | 20 | $4.5M | 28.6% | |
| 2 | Iowa Business Growth CompanyJohnston, IA · CDC | 10 | $6.9M | 14.3% | |
| 3 | City State BankNorwalk, IA | 5 | $732K | 7.1% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 5 | $184K | 7.1% | |
| 5 | Farmers State BankWaterloo, IA | 3 | $2.0M | 4.3% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $40K | 4.3% | |
| 7 | Pivotal Business PartnersDes Moines, IA · CDC | 2 | — | 2.9% | |
| 8 | Hills Bank and Trust CompanyHills, IA | 2 | — | 2.9% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 2 | — | 2.9% | |
| 10 | BayFirst National BankSaint Petersburg, FL | 2 | — | 2.9% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.4% | |
| 12 | Dakota Business FinanceSioux Falls, SD · CDC | 1 | — | 1.4% | |
| 13 | First Mid Bank & Trust, National AssociationMattoon, IL | 1 | — | 1.4% | |
| 14 | Raccoon Valley BankPerry, IA | 1 | — | 1.4% | |
| 15 | FWBankChicago, IL | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Lessors of Real EstateNAICS 5311 | 4 | 5.7% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 5.7% | |
| 3 | Lawn and Garden Equipment and Supplies StoresNAICS 4442 | 3 | 4.3% | |
| 4 | Child Day Care ServicesNAICS 6244 | 3 | 4.3% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 3 | 4.3% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 3 | 4.3% | |
| 7 | Special Food ServicesNAICS 7223 | 3 | 4.3% | |
| 8 | Residential Building ConstructionNAICS 2361 | 3 | 4.3% | |
| 9 | Other Food ManufacturingNAICS 3119 | 3 | 4.3% | |
| 10 | Animal Slaughtering and ProcessingNAICS 3116 | 2 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 12 | 17.1% | |
| 2 | Accommodation and Food Services | 9 | 12.9% | |
| 3 | Retail Trade | 9 | 12.9% | |
| 4 | Manufacturing | 6 | 8.6% | |
| 5 | Health Care and Social Assistance | 6 | 8.6% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 6 | 8.6% | |
| 7 | Professional, Scientific, and Technical Services | 5 | 7.1% | |
| 8 | Real Estate and Rental and Leasing | 4 | 5.7% |
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* | 4 | $688K | $110K | 2 | — | 6 | 21 |
| FY2025 | 12 | $5.1M | $211K | 0 | — | 12 | 131 |
| FY2024 | 13 | $6.8M | $150K | 4 | $4.3M | 17 | 151 |
| FY2023 | 4 | $772K | $130K | 3 | $4.1M | 7 | 32 |
| FY2022 | 15 | $4.5M | $190K | 1 | — | 16 | 257 |
| FY2021 | 13 | $2.6M | $60K | 5 | $4.4M | 18 | 75 |
| FY2020 | 5 | $2.7M | $200K | 1 | — | 6 | 40 |
| FY2019 | 7 | $2.3M | $220K | 2 | — | 9 | 84 |
| FY2018 | 8 | $881K | $96K | 2 | — | 10 | 32 |
| FY2017 | 2 | — | — | 2 | — | 4 | 31 |
| FY2016 | 12 | $1.6M | $107K | 0 | — | 12 | 85 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 41 approvals.
Against Iowa and the country
| FY2021–FY2025 | Warren County | Iowa | United States |
|---|---|---|---|
| Approvals | 70 | 2,248 | 342,825 |
| Approvals per 1,000 establishments | 68.6 | 27.0 | 41.0 |
| Median 7(a) approval | $150K | $155K | $190K |
| Median 504 approval | $692K | $517K | $657K |
| Average approval | $490K | $474K | $573K |
| 504 share of approvals | 18.6% | 16.2% | 11.0% |
| Jobs supported per approval, as reported | 9.2 | 10.3 | 10.5 |
| Share of state approvals | 3.1% | 100.0% | — |
Approval sizes
- $50,000 or less30.0%21
- $50,001 to $150,00015.7%11
- $150,001 to $350,00020.0%14
- $350,001 to $1 million22.9%16
- $1 million to $2 million7.1%5
- Over $2 million4.3%3
Age of the businesses
- Existing, more than 2 years old54.3%38
- New business, 2 years or less17.1%12
- Startup, loan funds will open the business22.9%16
- Change of ownership5.7%4
Questions and answers
Which lenders make the most SBA loans in Warren County?
By approvals in FY2021 to FY2025: TruBank (20), Iowa Business Growth Company (10), City State Bank (5), U.S. Bank, National Association (5), Farmers State Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Warren County?
The median 7(a) approval was $150K and the median 504 approval $692K; the Iowa 7(a) median was $155K.
Which industries get the most SBA loans in Warren County?
Lessors of Real Estate (4); Other Specialty Trade Contractors (4); Lawn and Garden Equipment and Supplies Stores (3); Child Day Care Services (3); Offices of Other Health Practitioners (3).
Is SBA lending in Warren County rising?
Approvals in the three latest complete fiscal years total 36, against 40 in the three before: falling (-10%).
How does Warren County compare with the rest of Iowa?
68.6 approvals per 1,000 establishments against 27.0 statewide, and 70 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