FY20171 Oct 2016 – 30 Sep 2017
SBA loans in Iowa, FY2017
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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 454 loans in Iowa: 390 under 7(a) and 64 under 504, worth $155M.
That is about level with FY2016, when there were 483 approvals worth $197M.
Iowa accounted for 0.7% of the 68,648 approvals nationwide that year. 105 lenders had at least one approval in the state; Bankers Trust Company had the most, 42.
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 FY2017, of 105 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Bankers Trust Company | 7(a) | 42 | $10.5M | 9.3% | 23 | +19 |
| 2 | U.S. Bank, National Association | 7(a) | 38 | $4.1M | 8.4% | 49 | -11 |
| 3 | Wells Fargo Bank National Association | 7(a) | 34 | $10.4M | 7.5% | 42 | -8 |
| 4 | Iowa Business Growth Company | 504 | 25 | $12.5M | 5.5% | 18 | +7 |
| 5 | Cedar Rapids Bank and Trust Company | 7(a) | 19 | $5.4M | 4.2% | 22 | -3 |
| 6 | Farmers State Bank | 7(a) | 16 | $1.1M | 3.5% | 12 | +4 |
| 7 | Northwest Bank | 7(a) | 13 | $2.6M | 2.9% | 8 | +5 |
| 8 | Black Hawk Economic Development, Inc. | 504 | 12 | $6.2M | 2.6% | 18 | -6 |
| 9 | Siouxland Economic Development Corporation | 504 | 12 | $6.1M | 2.6% | 15 | -3 |
| 10 | First Interstate Bank | 7(a) | 10 | $5.1M | 2.2% | 10 | 0 |
| 11 | Midwest Heritage Bank, F.S.B. | 7(a) | 10 | $2.4M | 2.2% | 1 | +9 |
| 12 | BMO Bank National Association | 7(a) | 9 | $1.9M | 2.0% | 7 | +2 |
| 13 | Celtic Bank Corporation | 7(a) | 7 | $6.0M | 1.5% | 4 | +3 |
| 14 | United Bank of Iowa | 7(a) | 7 | $754K | 1.5% | 7 | 0 |
| 15 | 1st Source Bank | 7(a) | 7 | $252K | 1.5% | 0 | new |
| 16 | Live Oak Banking Company | 7(a) | 6 | $7.2M | 1.3% | 11 | -5 |
| 17 | Lincoln Savings Bank | 7(a) | 6 | $2.2M | 1.3% | 8 | -2 |
| 18 | Independence Bank | 7(a) | 6 | $775K | 1.3% | 2 | +4 |
| 19 | Farmers State Bank | 7(a) | 6 | $463K | 1.3% | 9 | -3 |
| 20 | First National Bank of Omaha | 7(a) | 6 | $364K | 1.3% | 5 | +1 |
| 21 | Northeast Bank | 7(a) | 5 | $6.6M | 1.1% | 3 | +2 |
| 22 | NSB Bank | 7(a) | 5 | $2.4M | 1.1% | 5 | 0 |
| 23 | E.C.I.A. Business Growth, Inc. | 504 | 5 | $2.3M | 1.1% | 4 | +1 |
| 24 | Raccoon Valley Bank | 7(a) | 5 | $1.6M | 1.1% | 0 | new |
| 25 | Farmers and Merchants Savings Bank | 7(a) | 5 | $1.5M | 1.1% | 4 | +1 |
| 26 | Liberty National Bank | 7(a) | 5 | $1.2M | 1.1% | 5 | 0 |
| 27 | First Citizens Bank | 7(a) | 5 | $806K | 1.1% | 5 | 0 |
| 28 | First Bank | 7(a) | 5 | $662K | 1.1% | 0 | new |
| 29 | Clear Lake Bank & Trust Company | 7(a) | 5 | $260K | 1.1% | 8 | -3 |
| 30 | Ohnward Bank & Trust | 7(a) | 4 | $1.2M | 0.9% | 0 | new |
| 31 | BayFirst National Bank | 7(a) | 4 | $775K | 0.9% | 2 | +2 |
| 32 | Pivotal Business Partners | 504 | 4 | $464K | 0.9% | 2 | +2 |
| 33 | Community 1st CU | 7(a) | 4 | $443K | 0.9% | 9 | -5 |
| 34 | Small Business Growth Corporation | 504 | 3 | $2.2M | 0.7% | 1 | +2 |
| 35 | Stearns Bank National Association | 7(a) | 3 | $674K | 0.7% | 9 | -6 |
| 36 | Midwest Business Finance Corporation | 504 | 3 | $533K | 0.7% | 3 | 0 |
| 37 | Community Savings Bank | 7(a) | 3 | $410K | 0.7% | 2 | +1 |
| 38 | Bank Midwest | 7(a) | 3 | $277K | 0.7% | 5 | -2 |
| 39 | First State Bank | 7(a) | 3 | $117K | 0.7% | 2 | +1 |
| 40 | BankUnited, National Association | 7(a) | 2 | — | 0.4% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | Polk County | 110 | $38.4M | 24.2% | 110 | 0 |
| 2 | Linn County | 63 | $19.8M | 13.9% | 55 | +8 |
| 3 | Black Hawk County | 34 | $9.8M | 7.5% | 23 | +11 |
| 4 | Woodbury County | 18 | $9.4M | 4.0% | 11 | +7 |
| 5 | Johnson County | 16 | $4.1M | 3.5% | 26 | -10 |
| 6 | Dallas County | 16 | $8.7M | 3.5% | 15 | +1 |
| 7 | Scott County | 15 | $2.5M | 3.3% | 38 | -23 |
| 8 | Pottawattamie County | 14 | $7.9M | 3.1% | 6 | +8 |
| 9 | Cerro Gordo County | 11 | $5.0M | 2.4% | 17 | -6 |
| 10 | Story County | 9 | $2.2M | 2.0% | 16 | -7 |
| 11 | Dickinson County | 8 | $826K | 1.8% | 9 | -1 |
| 12 | Dubuque County | 5 | $2.5M | 1.1% | 8 | -3 |
| 13 | Mills County | 5 | $154K | 1.1% | 4 | +1 |
| 14 | Mahaska County | 5 | $1.8M | 1.1% | 2 | +3 |
| 15 | Guthrie County | 5 | $1.9M | 1.1% | 0 | new |
| 16 | Floyd County | 5 | $1.9M | 1.1% | 3 | +2 |
| 17 | Warren County | 4 | $2.2M | 0.9% | 12 | -8 |
| 18 | Boone County | 4 | $1.2M | 0.9% | 4 | 0 |
| 19 | Wapello County | 4 | $2.1M | 0.9% | 4 | 0 |
| 20 | Clinton County | 4 | $2.4M | 0.9% | 3 | +1 |
| 21 | Shelby County | 4 | $380K | 0.9% | 0 | new |
| 22 | Jones County | 4 | $775K | 0.9% | 1 | +3 |
| 23 | Marion County | 4 | $2.6M | 0.9% | 4 | 0 |
| 24 | Clay County | 3 | $690K | 0.7% | 2 | +1 |
| 25 | Sioux County | 3 | $1.5M | 0.7% | 2 | +1 |
| 26 | Poweshiek County | 3 | $103K | 0.7% | 1 | +2 |
| 27 | Hancock County | 3 | $350K | 0.7% | 0 | new |
| 28 | Clayton County | 3 | $1.0M | 0.7% | 0 | new |
| 29 | Crawford County | 3 | $645K | 0.7% | 1 | +2 |
| 30 | Des Moines County | 3 | $3.5M | 0.7% | 3 | 0 |
| 31 | Decatur County | 3 | $1.4M | 0.7% | 0 | new |
| 32 | Butler County | 3 | $345K | 0.7% | 2 | +1 |
| 33 | Plymouth County | 2 | — | 0.4% | 6 | -4 |
| 34 | Jasper County | 2 | — | 0.4% | 1 | +1 |
| 35 | Webster County | 2 | — | 0.4% | 3 | -1 |
| 36 | Iowa County | 2 | — | 0.4% | 5 | -3 |
| 37 | Emmet County | 2 | — | 0.4% | 0 | new |
| 38 | Benton County | 2 | — | 0.4% | 6 | -4 |
| 39 | Muscatine County | 2 | — | 0.4% | 1 | +1 |
| 40 | Jackson County | 2 | — | 0.4% | 1 | +1 |
The 40 counties with the most approvals; every county is on the Iowa page.
FY2017 against FY2016
| Iowa | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 390 | 421 |
| 7(a) dollars | $125M | $146M |
| Median 7(a) approval | $128K | $150K |
| 504 approvals | 64 | 62 |
| 504 dollars | $30.3M | $51.6M |
| Jobs supported, as reported | 4,031 | 5,902 |
Questions and answers
Which lenders made the most SBA loans in Iowa in FY2017?
Bankers Trust Company (42), U.S. Bank, National Association (38), Wells Fargo Bank National Association (34), Iowa Business Growth Company (25), Cedar Rapids Bank and Trust Company (19). 105 lenders had at least one approval.
How many SBA loans were approved in Iowa in FY2017?
454: 390 under 7(a) worth $125M and 64 under 504 worth $30.3M.
Which Iowa counties had the most SBA approvals in FY2017?
Polk County (110), Linn County (63), Black Hawk County (34), Woodbury County (18), Johnson County (16).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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