Lenders › Hills Bank and Trust Company
7(a) lenderHills, IowaFDIC-insured bank503rd of 2,184 by approvals
Hills Bank and Trust Company
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Hills Bank and Trust Company (Hills, Iowa) is an FDIC-insured bank in the SBA 7(a) program, 503rd of 2,184 by approvals in FY2021 to FY2025: 51 loans worth $11.4M.
In FY2025, the latest complete fiscal year, it had 8 approvals totalling $1.3M, down 50% on FY2024 (16).
The median approval was $120K, against $190K for the 7(a) program as a whole; 58.8% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 1 state or territory and 11 counties, led by Iowa (100.0%). The largest industry group was construction at 31.4% of approvals, and 2.0% of approvals were to franchise businesses.
Of 129 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (2.3%), 122 as paid in full and 4 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 0 | — | — | — | 0 |
| FY2025 | 8 | $1.3M | $165K | $162K | 14 |
| FY2024 | 16 | $2.0M | $130K | $123K | 56 |
| FY2023 | 9 | $1.1M | $100K | $127K | 32 |
| FY2022 | 7 | $5.9M | $678K | $839K | 171 |
| FY2021 | 11 | $1.1M | $100K | $104K | 52 |
| FY2020 | 4 | $312K | $82K | $78K | 29 |
| FY2019 | 3 | $132K | $30K | $44K | 12 |
| FY2018 | 1 | — | — | — | 22 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 2 | — | — | — | 12 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 10 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Iowa | 7(a) program |
|---|---|---|---|
| Approvals in these years | 141 | 5,075 | 639,905 |
| Cancelled or never disbursed | 12 | 554 | 79,313 |
| Disbursed loans | 129 | 4,521 | 560,592 |
| Paid in full | 122 | 3,576 | 435,813 |
| Charged off | 3 | 314 | 36,891 |
| Still outstanding (status exempt from disclosure) | 4 | 631 | 87,888 |
| Charged off, share of disbursed loans | 2.3% | 6.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.1% | 3.9% | 2.5% |
| Dollars charged off | $284K | $66.2M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 11 | 7 | 0 | — | 2.8% |
| FY2020 | 4 | 4 | 0 | — | 4.0% |
| FY2019 | 3 | 3 | 0 | — | 6.7% |
| FY2018 | 0 | 0 | 0 | — | 7.9% |
| FY2017 | 0 | 0 | 0 | — | 7.7% |
| FY2016 | 2 | 2 | 0 | — | 7.2% |
| FY2015 | 7 | 6 | 1 | — | 6.9% |
| FY2014 | 16 | 15 | 1 | — | 6.4% |
| FY2013 | 21 | 20 | 1 | — | 6.0% |
| FY2012 | 23 | 23 | 0 | — | 6.3% |
| FY2011 | 27 | 27 | 0 | — | 6.9% |
| FY2010 | 15 | 15 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $120K | $190K |
| Average approval | $224K | $518K |
| Approvals of $150,000 or less | 58.8% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 68.6% | 34.3% |
| Approvals to franchise businesses | 2.0% | 11.5% |
| Jobs supported per approval, as reported | 6.4 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.3% | 6.6% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Iowa | 51 | $11.4M | 100.0% |
In Iowa the lender accounts for 2.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (11 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Johnson County, IA | 14 | $2.1M | 27.5% | |
| 2 | Linn County, IA | 14 | $1.3M | 27.5% | |
| 3 | Washington County, IA | 5 | $537K | 9.8% | |
| 4 | Jefferson County, IA | 4 | $470K | 7.8% | |
| 5 | Van Buren County, IA | 3 | $4.2M | 5.9% | |
| 6 | Keokuk County, IA | 3 | $445K | 5.9% | |
| 7 | Warren County, IA | 2 | — | 3.9% | |
| 8 | Benton County, IA | 2 | — | 3.9% | |
| 9 | Polk County, IA | 2 | — | 3.9% | |
| 10 | Poweshiek County, IA | 1 | — | 2.0% | |
| 11 | Henry County, IA | 1 | — | 2.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 16 | 31.4% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 6 | 11.8% | |
| 3 | Manufacturing | 5 | 9.8% | |
| 4 | Agriculture, Forestry, Fishing and Hunting | 5 | 9.8% | |
| 5 | Retail Trade | 5 | 9.8% | |
| 6 | Health Care and Social Assistance | 4 | 7.8% | |
| 7 | Accommodation and Food Services | 4 | 7.8% | |
| 8 | Public Administration | 2 | 3.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Finishing ContractorsNAICS 2383 | 8 | 15.7% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 9.8% | |
| 3 | Waste CollectionNAICS 5621 | 4 | 7.8% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 7.8% | |
| 5 | Dairy Product ManufacturingNAICS 3115 | 3 | 5.9% | |
| 6 | Support Activities for Animal ProductionNAICS 1152 | 3 | 5.9% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 3 | 5.9% | |
| 8 | Other Crop FarmingNAICS 1119 | 2 | 3.9% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 2 | 3.9% | |
| 10 | Other Miscellaneous Store RetailersNAICS 4539 | 2 | 3.9% |
Approval sizes
- $50,000 or less25.5%13
- $50,001 to $150,00033.3%17
- $150,001 to $350,00029.4%15
- $350,001 to $1 million7.8%4
- $1 million to $2 million3.9%2
Loan terms
- 5 years or less41.2%21
- Over 5 to 10 years56.9%29
- Over 10 to 20 years2.0%1
Age of the businesses
- Existing, more than 2 years old23.5%12
- New business, 2 years or less13.7%7
- Startup, loan funds will open the business54.9%28
- Change of ownership7.8%4
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 25 | 49.0% | |
| 2 | SBA Express Program | 22 | 43.1% | |
| 3 | 7a General | 3 | 5.9% | |
| 4 | Working Capital CAPLine | 1 | 2.0% |
Franchise share
1 of 51 approvals in FY2021–FY2025 (2.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Woodcraft | 1 | 2.0% |
Questions and answers
How many SBA loans does Hills Bank and Trust Company make?
SBA approved 8 7(a) loans through Hills Bank and Trust Company in FY2025, worth $1.3M, and 51 over FY2021 to FY2025. That ranks 503rd of 2,184 active 7(a) lenders by number of approvals.
How large are Hills Bank and Trust Company's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $120K and the average $224K. The program-wide median was $190K.
What is Hills Bank and Trust Company's charge-off rate?
Of 129 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (2.3%), 122 as paid in full and 4 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Hills Bank and Trust Company lend to most?
By number of approvals in FY2021 to FY2025: building finishing contractors (8); other specialty trade contractors (5); waste collection (4); restaurants and other eating places (4).
Where does Hills Bank and Trust Company make SBA loans?
In 1 state or territory. Iowa 51. In Iowa it accounts for 2.7% of all 7(a) approvals.
Is Hills Bank and Trust Company's SBA lending rising?
Approvals in the three latest complete fiscal years total 33, against 22 in the three before: rising (+50%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error