FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Iowa, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 405 loans in Iowa: 349 under 7(a) and 56 under 504, worth $170M.
That is down 11% on FY2017, when there were 454 approvals worth $155M.
Iowa accounted for 0.6% of the 66,228 approvals nationwide that year. 101 lenders had at least one approval in the state; Iowa Business Growth Company had the most, 24.
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 FY2018, of 101 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Iowa Business Growth Company | 504 | 24 | $12.5M | 5.9% | 25 | -1 |
| 2 | Wells Fargo Bank National Association | 7(a) | 24 | $5.8M | 5.9% | 34 | -10 |
| 3 | U.S. Bank, National Association | 7(a) | 20 | $2.7M | 4.9% | 38 | -18 |
| 4 | Bankers Trust Company | 7(a) | 19 | $3.2M | 4.7% | 42 | -23 |
| 5 | Northwest Bank | 7(a) | 16 | $4.8M | 4.0% | 13 | +3 |
| 6 | Siouxland Economic Development Corporation | 504 | 14 | $7.6M | 3.5% | 12 | +2 |
| 7 | Farmers State Bank | 7(a) | 13 | $1.5M | 3.2% | 16 | -3 |
| 8 | First Interstate Bank | 7(a) | 12 | $8.6M | 3.0% | 10 | +2 |
| 9 | BMO Bank National Association | 7(a) | 12 | $2.4M | 3.0% | 9 | +3 |
| 10 | Cedar Rapids Bank and Trust Company | 7(a) | 11 | $3.1M | 2.7% | 19 | -8 |
| 11 | Community 1st CU | 7(a) | 11 | $1.1M | 2.7% | 4 | +7 |
| 12 | Black Hawk Economic Development, Inc. | 504 | 9 | $7.5M | 2.2% | 12 | -3 |
| 13 | Farmers State Bank | 7(a) | 9 | $1.1M | 2.2% | 6 | +3 |
| 14 | Live Oak Banking Company | 7(a) | 8 | $10.0M | 2.0% | 6 | +2 |
| 15 | Farmers and Merchants Savings Bank | 7(a) | 7 | $2.3M | 1.7% | 5 | +2 |
| 16 | Stearns Bank National Association | 7(a) | 7 | $1.5M | 1.7% | 3 | +4 |
| 17 | First Bank | 7(a) | 7 | $1.1M | 1.7% | 5 | +2 |
| 18 | Lincoln Savings Bank | 7(a) | 6 | $9.1M | 1.5% | 6 | 0 |
| 19 | Quad City Bank and Trust Company | 7(a) | 6 | $2.8M | 1.5% | 1 | +5 |
| 20 | TruBank | 7(a) | 6 | $1.3M | 1.5% | 0 | new |
| 21 | Byline Bank | 7(a) | 5 | $5.2M | 1.2% | 1 | +4 |
| 22 | United Midwest Savings Bank National Association | 7(a) | 5 | $3.6M | 1.2% | 2 | +3 |
| 23 | First Mid Bank & Trust, National Association | 7(a) | 5 | $2.4M | 1.2% | 1 | +4 |
| 24 | Liberty National Bank | 7(a) | 5 | $1.8M | 1.2% | 5 | 0 |
| 25 | Independence Bank | 7(a) | 5 | $625K | 1.2% | 6 | -1 |
| 26 | Northeast Bank | 7(a) | 5 | $575K | 1.2% | 5 | 0 |
| 27 | First Citizens Bank | 7(a) | 5 | $561K | 1.2% | 5 | 0 |
| 28 | Celtic Bank Corporation | 7(a) | 5 | $442K | 1.2% | 7 | -2 |
| 29 | City State Bank | 7(a) | 4 | $3.9M | 1.0% | 2 | +2 |
| 30 | TBK Bank, SSB | 7(a) | 4 | $2.5M | 1.0% | 2 | +2 |
| 31 | NSB Bank | 7(a) | 4 | $2.2M | 1.0% | 5 | -1 |
| 32 | Midwest Heritage Bank, F.S.B. | 7(a) | 4 | $1.2M | 1.0% | 10 | -6 |
| 33 | BayFirst National Bank | 7(a) | 4 | $898K | 1.0% | 4 | 0 |
| 34 | Newtek Small Business Finance, Inc. | 7(a) | 3 | $5.4M | 0.7% | 2 | +1 |
| 35 | The Huntington National Bank | 7(a) | 3 | $2.4M | 0.7% | 0 | new |
| 36 | E.C.I.A. Business Growth, Inc. | 504 | 3 | $694K | 0.7% | 5 | -2 |
| 37 | Nicolet National Bank | 7(a) | 3 | $625K | 0.7% | 2 | +1 |
| 38 | First National Bank Ames, Iowa | 7(a) | 3 | $400K | 0.7% | 2 | +1 |
| 39 | United Bank of Iowa | 7(a) | 3 | $320K | 0.7% | 7 | -4 |
| 40 | Clear Lake Bank & Trust Company | 7(a) | 3 | $313K | 0.7% | 5 | -2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Polk County | 85 | $32.6M | 21.0% | 110 | -25 |
| 2 | Linn County | 35 | $13.3M | 8.6% | 63 | -28 |
| 3 | Black Hawk County | 28 | $7.7M | 6.9% | 34 | -6 |
| 4 | Johnson County | 21 | $7.0M | 5.2% | 16 | +5 |
| 5 | Scott County | 19 | $7.8M | 4.7% | 15 | +4 |
| 6 | Dallas County | 18 | $9.1M | 4.4% | 16 | +2 |
| 7 | Pottawattamie County | 15 | $7.5M | 3.7% | 14 | +1 |
| 8 | Cerro Gordo County | 13 | $2.8M | 3.2% | 11 | +2 |
| 9 | Dubuque County | 10 | $2.5M | 2.5% | 5 | +5 |
| 10 | Warren County | 10 | $1.5M | 2.5% | 4 | +6 |
| 11 | Story County | 9 | $4.9M | 2.2% | 9 | 0 |
| 12 | Clay County | 8 | $1.7M | 2.0% | 3 | +5 |
| 13 | Webster County | 6 | $6.5M | 1.5% | 2 | +4 |
| 14 | Wapello County | 5 | $585K | 1.2% | 4 | +1 |
| 15 | Dickinson County | 5 | $799K | 1.2% | 8 | -3 |
| 16 | Sioux County | 5 | $6.7M | 1.2% | 3 | +2 |
| 17 | Buchanan County | 4 | $379K | 1.0% | 1 | +3 |
| 18 | Woodbury County | 4 | $1.5M | 1.0% | 18 | -14 |
| 19 | Chickasaw County | 4 | $593K | 1.0% | 1 | +3 |
| 20 | Clarke County | 4 | $666K | 1.0% | 0 | new |
| 21 | Carroll County | 4 | $1.9M | 1.0% | 1 | +3 |
| 22 | Iowa County | 3 | $599K | 0.7% | 2 | +1 |
| 23 | Taylor County | 3 | $1.1M | 0.7% | 0 | new |
| 24 | Boone County | 3 | $2.3M | 0.7% | 4 | -1 |
| 25 | Lyon County | 3 | $856K | 0.7% | 1 | +2 |
| 26 | Muscatine County | 3 | $773K | 0.7% | 2 | +1 |
| 27 | Poweshiek County | 3 | $460K | 0.7% | 3 | 0 |
| 28 | Marshall County | 3 | $2.7M | 0.7% | 1 | +2 |
| 29 | Grundy County | 3 | $2.5M | 0.7% | 0 | new |
| 30 | Hardin County | 3 | $746K | 0.7% | 1 | +2 |
| 31 | Madison County | 3 | $162K | 0.7% | 1 | +2 |
| 32 | Marion County | 3 | $807K | 0.7% | 4 | -1 |
| 33 | Washington County | 3 | $81K | 0.7% | 0 | new |
| 34 | Greene County | 3 | $1.9M | 0.7% | 2 | +1 |
| 35 | Jefferson County | 2 | — | 0.5% | 0 | new |
| 36 | Appanoose County | 2 | — | 0.5% | 0 | new |
| 37 | Hamilton County | 2 | — | 0.5% | 1 | +1 |
| 38 | Allamakee County | 2 | — | 0.5% | 0 | new |
| 39 | Bremer County | 2 | — | 0.5% | 1 | +1 |
| 40 | Shelby County | 2 | — | 0.5% | 4 | -2 |
The 40 counties with the most approvals; every county is on the Iowa page.
FY2018 against FY2017
| Iowa | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 349 | 390 |
| 7(a) dollars | $136M | $125M |
| Median 7(a) approval | $150K | $128K |
| 504 approvals | 56 | 64 |
| 504 dollars | $33.9M | $30.3M |
| Jobs supported, as reported | 3,903 | 4,031 |
Questions and answers
Which lenders made the most SBA loans in Iowa in FY2018?
Iowa Business Growth Company (24), Wells Fargo Bank National Association (24), U.S. Bank, National Association (20), Bankers Trust Company (19), Northwest Bank (16). 101 lenders had at least one approval.
How many SBA loans were approved in Iowa in FY2018?
405: 349 under 7(a) worth $136M and 56 under 504 worth $33.9M.
Which Iowa counties had the most SBA approvals in FY2018?
Polk County (85), Linn County (35), Black Hawk County (28), Johnson County (21), Scott County (19).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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