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County12th of 94 in Iowa by approvalsFIPS 19193
SBA loans in Woodbury 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 42 loans to businesses in Woodbury County, Iowa, in FY2021 to FY2025, worth $20.1M: 32 under 7(a) and 10 under 504.
That is 16.0 approvals per 1,000 business establishments (2,622 establishments in 2023), below the Iowa figure of 27.0 and below the national 41.0.
It ranks 12th of 94 Iowa counties with approvals. In FY2025 there were 8.
25 lenders had approvals here; the most active were Siouxland Economic Development Corporation (6), U.S. Bank, National Association (5) and Lincoln Savings Bank (4). 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 Woodbury County
By number of approvals to businesses in the county, FY2021–FY2025; 25 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Siouxland Economic Development CorporationSioux City, IA · CDC | 6 | $3.0M | 14.3% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 5 | $138K | 11.9% | |
| 3 | Lincoln Savings BankReinbeck, IA | 4 | $1.2M | 9.5% | |
| 4 | First Bank & TrustBrookings, SD | 2 | — | 4.8% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 2 | — | 4.8% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 4.8% | |
| 7 | Northwest BankSpencer, IA | 2 | — | 4.8% | |
| 8 | The Security National Bank of Sioux City, IowaSioux City, IA | 2 | — | 4.8% | |
| 9 | East West BankPasadena, CA | 1 | — | 2.4% | |
| 10 | South Dakota Development CorporationSioux Falls, SD · CDC | 1 | — | 2.4% | |
| 11 | Dakota Business FinanceSioux Falls, SD · CDC | 1 | — | 2.4% | |
| 12 | Nebraska Economic Development CorporationLincoln, NE · CDC | 1 | — | 2.4% | |
| 13 | The First National Bank in Sioux FallsSioux Falls, SD | 1 | — | 2.4% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.4% | |
| 15 | Byline BankChicago, IL | 1 | — | 2.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 16.7% | |
| 2 | Other Personal ServicesNAICS 8129 | 3 | 7.1% | |
| 3 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 7.1% | |
| 4 | Drycleaning and Laundry ServicesNAICS 8123 | 2 | 4.8% | |
| 5 | Traveler AccommodationNAICS 7211 | 2 | 4.8% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 4.8% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 2 | 4.8% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 4.8% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 1 | 2.4% | |
| 10 | Software PublishersNAICS 5132 | 1 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 11 | 26.2% | |
| 2 | Other Services (except Public Administration) | 8 | 19.0% | |
| 3 | Professional, Scientific, and Technical Services | 4 | 9.5% | |
| 4 | Construction | 4 | 9.5% | |
| 5 | Retail Trade | 3 | 7.1% | |
| 6 | Wholesale Trade | 2 | 4.8% | |
| 7 | Transportation and Warehousing | 2 | 4.8% | |
| 8 | Health Care and Social Assistance | 2 | 4.8% |
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* | 5 | $6.8M | $50K | 1 | — | 6 | 91 |
| FY2025 | 7 | $1.2M | $150K | 1 | — | 8 | 37 |
| FY2024 | 5 | $2.3M | $76K | 1 | — | 6 | 72 |
| FY2023 | 4 | $2.7M | $355K | 1 | — | 5 | 100 |
| FY2022 | 10 | $7.0M | $375K | 4 | $2.3M | 14 | 105 |
| FY2021 | 6 | $932K | $113K | 3 | $1.5M | 9 | 30 |
| FY2020 | 10 | $3.3M | $203K | 6 | $5.8M | 16 | 209 |
| FY2019 | 5 | $3.2M | $608K | 4 | $5.0M | 9 | 163 |
| FY2018 | 4 | $1.5M | $340K | 0 | — | 4 | 60 |
| FY2017 | 16 | $7.2M | $161K | 2 | — | 18 | 144 |
| FY2016 | 8 | $2.2M | $211K | 3 | $6.7M | 11 | 114 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 58 approvals.
Against Iowa and the country
| FY2021–FY2025 | Woodbury County | Iowa | United States |
|---|---|---|---|
| Approvals | 42 | 2,248 | 342,825 |
| Approvals per 1,000 establishments | 16.0 | 27.0 | 41.0 |
| Median 7(a) approval | $233K | $155K | $190K |
| Median 504 approval | $517K | $517K | $657K |
| Average approval | $479K | $474K | $573K |
| 504 share of approvals | 23.8% | 16.2% | 11.0% |
| Jobs supported per approval, as reported | 8.2 | 10.3 | 10.5 |
| Share of state approvals | 1.9% | 100.0% | — |
Approval sizes
- $50,000 or less14.3%6
- $50,001 to $150,00019.0%8
- $150,001 to $350,00021.4%9
- $350,001 to $1 million31.0%13
- $1 million to $2 million11.9%5
- Over $2 million2.4%1
Age of the businesses
- Existing, more than 2 years old59.5%25
- New business, 2 years or less11.9%5
- Startup, loan funds will open the business16.7%7
- Change of ownership11.9%5
Questions and answers
Which lenders make the most SBA loans in Woodbury County?
By approvals in FY2021 to FY2025: Siouxland Economic Development Corporation (6), U.S. Bank, National Association (5), Lincoln Savings Bank (4), First Bank & Trust (2), Newtek Bank, National Association (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Woodbury County?
The median 7(a) approval was $233K and the median 504 approval $517K; the Iowa 7(a) median was $155K.
Which industries get the most SBA loans in Woodbury County?
Restaurants and Other Eating Places (7); Other Personal Services (3); Foundation, Structure, and Building Exterior Contractors (3); Drycleaning and Laundry Services (2); Traveler Accommodation (2).
Is SBA lending in Woodbury County rising?
Approvals in the three latest complete fiscal years total 19, against 39 in the three before: falling (-51%).
How does Woodbury County compare with the rest of Iowa?
16.0 approvals per 1,000 establishments against 27.0 statewide, and 42 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