FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Iowa, FY2016
That fiscal year's approvals by lender and by county.
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.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 483 loans in Iowa: 421 under 7(a) and 62 under 504, worth $197M.
That is up 9% on FY2015, when there were 444 approvals worth $135M.
Iowa accounted for 0.7% of the 70,012 approvals nationwide that year. 106 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 49.
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.
Approvals by lender
The 40 lenders with the most approvals to Iowa businesses in FY2016, of 106 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7(a) | 49 | $14.4M | 10.1% | 57 | -8 |
| 2 | Wells Fargo Bank National Association | 7(a) | 42 | $3.7M | 8.7% | 30 | +12 |
| 3 | Bankers Trust Company | 7(a) | 23 | $8.9M | 4.8% | 16 | +7 |
| 4 | Cedar Rapids Bank and Trust Company | 7(a) | 22 | $6.8M | 4.6% | 19 | +3 |
| 5 | Black Hawk Economic Development, Inc. | 504 | 18 | $15.4M | 3.7% | 9 | +9 |
| 6 | Iowa Business Growth Company | 504 | 18 | $10.5M | 3.7% | 28 | -10 |
| 7 | Siouxland Economic Development Corporation | 504 | 15 | $16.9M | 3.1% | 15 | 0 |
| 8 | Farmers State Bank | 7(a) | 12 | $1.1M | 2.5% | 27 | -15 |
| 9 | Live Oak Banking Company | 7(a) | 11 | $12.1M | 2.3% | 5 | +6 |
| 10 | Quad City Bank and Trust Company | 7(a) | 11 | $1.7M | 2.3% | 6 | +5 |
| 11 | First Interstate Bank | 7(a) | 10 | $3.1M | 2.1% | 6 | +4 |
| 12 | Stearns Bank National Association | 7(a) | 9 | $2.6M | 1.9% | 1 | +8 |
| 13 | Farmers State Bank | 7(a) | 9 | $1.4M | 1.9% | 7 | +2 |
| 14 | Community 1st CU | 7(a) | 9 | $760K | 1.9% | 10 | -1 |
| 15 | Lincoln Savings Bank | 7(a) | 8 | $6.2M | 1.7% | 5 | +3 |
| 16 | Northwest Bank | 7(a) | 8 | $1.8M | 1.7% | 4 | +4 |
| 17 | Clear Lake Bank & Trust Company | 7(a) | 8 | $1.2M | 1.7% | 7 | +1 |
| 18 | BMO Bank National Association | 7(a) | 7 | $5.8M | 1.4% | 2 | +5 |
| 19 | United Bank of Iowa | 7(a) | 7 | $1.2M | 1.4% | 3 | +4 |
| 20 | TruBank | 7(a) | 7 | $1.1M | 1.4% | 3 | +4 |
| 21 | First Citizens Bank | 7(a) | 5 | $4.5M | 1.0% | 3 | +2 |
| 22 | Liberty National Bank | 7(a) | 5 | $846K | 1.0% | 3 | +2 |
| 23 | NSB Bank | 7(a) | 5 | $811K | 1.0% | 6 | -1 |
| 24 | Veridian Credit Union | 7(a) | 5 | $630K | 1.0% | 4 | +1 |
| 25 | First National Bank of Omaha | 7(a) | 5 | $516K | 1.0% | 7 | -2 |
| 26 | Bank Midwest | 7(a) | 5 | $514K | 1.0% | 2 | +3 |
| 27 | American State Bank | 7(a) | 4 | $4.1M | 0.8% | 4 | 0 |
| 28 | First Mid Bank & Trust, National Association | 7(a) | 4 | $3.6M | 0.8% | 1 | +3 |
| 29 | E.C.I.A. Business Growth, Inc. | 504 | 4 | $3.2M | 0.8% | 2 | +2 |
| 30 | TBK Bank, SSB | 7(a) | 4 | $2.0M | 0.8% | 2 | +2 |
| 31 | Celtic Bank Corporation | 7(a) | 4 | $1.7M | 0.8% | 9 | -5 |
| 32 | Farmers and Merchants Savings Bank | 7(a) | 4 | $706K | 0.8% | 11 | -7 |
| 33 | Collins Community Credit Union | 7(a) | 4 | $300K | 0.8% | 5 | -1 |
| 34 | Ascentra CU | 7(a) | 4 | $251K | 0.8% | 3 | +1 |
| 35 | The Huntington National Bank | 7(a) | 3 | $4.4M | 0.6% | 0 | new |
| 36 | Home State Bank | 7(a) | 3 | $3.6M | 0.6% | 1 | +2 |
| 37 | Byline Bank | 7(a) | 3 | $3.1M | 0.6% | 3 | 0 |
| 38 | Midwest Business Finance Corporation | 504 | 3 | $2.1M | 0.6% | 0 | new |
| 39 | Community State Bank | 7(a) | 3 | $1.5M | 0.6% | 2 | +1 |
| 40 | Availa Bank | 7(a) | 3 | $1.1M | 0.6% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Polk County | 110 | $39.9M | 22.8% | 101 | +9 |
| 2 | Linn County | 55 | $17.9M | 11.4% | 55 | 0 |
| 3 | Scott County | 38 | $12.4M | 7.9% | 25 | +13 |
| 4 | Johnson County | 26 | $6.0M | 5.4% | 19 | +7 |
| 5 | Black Hawk County | 23 | $10.9M | 4.8% | 28 | -5 |
| 6 | Cerro Gordo County | 17 | $10.1M | 3.5% | 14 | +3 |
| 7 | Story County | 16 | $12.1M | 3.3% | 11 | +5 |
| 8 | Dallas County | 15 | $3.5M | 3.1% | 15 | 0 |
| 9 | Warren County | 12 | $1.6M | 2.5% | 6 | +6 |
| 10 | Woodbury County | 11 | $8.9M | 2.3% | 7 | +4 |
| 11 | Dickinson County | 9 | $3.2M | 1.9% | 3 | +6 |
| 12 | Dubuque County | 8 | $2.4M | 1.7% | 8 | 0 |
| 13 | Buchanan County | 6 | $864K | 1.2% | 6 | 0 |
| 14 | Plymouth County | 6 | $2.5M | 1.2% | 3 | +3 |
| 15 | Benton County | 6 | $4.3M | 1.2% | 5 | +1 |
| 16 | Pottawattamie County | 6 | $615K | 1.2% | 20 | -14 |
| 17 | Iowa County | 5 | $3.1M | 1.0% | 3 | +2 |
| 18 | Cedar County | 5 | $909K | 1.0% | 0 | new |
| 19 | Madison County | 5 | $2.0M | 1.0% | 5 | 0 |
| 20 | Ida County | 5 | $986K | 1.0% | 0 | new |
| 21 | Boone County | 4 | $1.4M | 0.8% | 1 | +3 |
| 22 | Wapello County | 4 | $820K | 0.8% | 3 | +1 |
| 23 | Bremer County | 4 | $1.4M | 0.8% | 4 | 0 |
| 24 | Marion County | 4 | $341K | 0.8% | 5 | -1 |
| 25 | Howard County | 4 | $4.6M | 0.8% | 0 | new |
| 26 | Mills County | 4 | $1.7M | 0.8% | 1 | +3 |
| 27 | Clarke County | 4 | $3.1M | 0.8% | 0 | new |
| 28 | Webster County | 3 | $2.5M | 0.6% | 4 | -1 |
| 29 | Clinton County | 3 | $590K | 0.6% | 5 | -2 |
| 30 | Appanoose County | 3 | $952K | 0.6% | 4 | -1 |
| 31 | Wright County | 3 | $237K | 0.6% | 2 | +1 |
| 32 | Winneshiek County | 3 | $5.1M | 0.6% | 1 | +2 |
| 33 | Buena Vista County | 3 | $4.0M | 0.6% | 2 | +1 |
| 34 | Des Moines County | 3 | $2.1M | 0.6% | 4 | -1 |
| 35 | Lee County | 3 | $2.8M | 0.6% | 0 | new |
| 36 | Floyd County | 3 | $1.5M | 0.6% | 1 | +2 |
| 37 | Chickasaw County | 2 | — | 0.4% | 0 | new |
| 38 | Clay County | 2 | — | 0.4% | 0 | new |
| 39 | Sioux County | 2 | — | 0.4% | 5 | -3 |
| 40 | Grundy County | 2 | — | 0.4% | 2 | 0 |
The 40 counties with the most approvals; every county is on the Iowa page.
FY2016 against FY2015
| Iowa | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 421 | 387 |
| 7(a) dollars | $146M | $107M |
| Median 7(a) approval | $150K | $103K |
| 504 approvals | 62 | 57 |
| 504 dollars | $51.6M | $27.9M |
| Jobs supported, as reported | 5,902 | 4,578 |
Questions and answers
Which lenders made the most SBA loans in Iowa in FY2016?
U.S. Bank, National Association (49), Wells Fargo Bank National Association (42), Bankers Trust Company (23), Cedar Rapids Bank and Trust Company (22), Black Hawk Economic Development, Inc. (18). 106 lenders had at least one approval.
How many SBA loans were approved in Iowa in FY2016?
483: 421 under 7(a) worth $146M and 62 under 504 worth $51.6M.
Which Iowa counties had the most SBA approvals in FY2016?
Polk County (110), Linn County (55), Scott County (38), Johnson County (26), Black Hawk County (23).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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