FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Iowa, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 466 loans in Iowa: 357 under 7(a) and 109 under 504, worth $243M.
That is about level with FY2021, when there were 476 approvals worth $263M.
Iowa accounted for 0.8% of the 56,932 approvals nationwide that year. 88 lenders had at least one approval in the state; Iowa Business Growth Company had the most, 47.
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 FY2022, of 88 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Iowa Business Growth Company | 504 | 47 | $35.6M | 10.1% | 46 | +1 |
| 2 | Lincoln Savings Bank | 7(a) | 36 | $20.4M | 7.7% | 34 | +2 |
| 3 | Farmers State Bank | 7(a) | 26 | $8.2M | 5.6% | 28 | -2 |
| 4 | Community 1st CU | 7(a) | 23 | $1.9M | 4.9% | 10 | +13 |
| 5 | Siouxland Economic Development Corporation | 504 | 20 | $17.7M | 4.3% | 15 | +5 |
| 6 | United Bank of Iowa | 7(a) | 18 | $6.0M | 3.9% | 11 | +7 |
| 7 | U.S. Bank, National Association | 7(a) | 18 | $1.5M | 3.9% | 14 | +4 |
| 8 | Black Hawk Economic Development, Inc. | 504 | 11 | $11.4M | 2.4% | 9 | +2 |
| 9 | Northwest Bank | 7(a) | 11 | $4.6M | 2.4% | 10 | +1 |
| 10 | Nicolet National Bank | 7(a) | 11 | $3.8M | 2.4% | 2 | +9 |
| 11 | Wells Fargo Bank National Association | 7(a) | 10 | $3.8M | 2.1% | 13 | -3 |
| 12 | City State Bank | 7(a) | 10 | $3.6M | 2.1% | 10 | 0 |
| 13 | Clear Lake Bank & Trust Company | 7(a) | 10 | $3.0M | 2.1% | 12 | -2 |
| 14 | Citizens First Bank | 7(a) | 10 | $1.2M | 2.1% | 8 | +2 |
| 15 | Dakota Business Finance | 504 | 9 | $11.3M | 1.9% | 5 | +4 |
| 16 | Farmers and Merchants Savings Bank | 7(a) | 8 | $4.5M | 1.7% | 6 | +2 |
| 17 | Pivotal Business Partners | 504 | 7 | $7.9M | 1.5% | 4 | +3 |
| 18 | Small Business Growth Corporation | 504 | 7 | $7.7M | 1.5% | 4 | +3 |
| 19 | Hills Bank and Trust Company | 7(a) | 7 | $5.9M | 1.5% | 11 | -4 |
| 20 | First Mid Bank & Trust, National Association | 7(a) | 7 | $2.5M | 1.5% | 8 | -1 |
| 21 | Newtek Small Business Finance, Inc. | 7(a) | 7 | $2.3M | 1.5% | 11 | -4 |
| 22 | TruBank | 7(a) | 7 | $2.0M | 1.5% | 5 | +2 |
| 23 | E.C.I.A. Business Growth, Inc. | 504 | 6 | $6.3M | 1.3% | 8 | -2 |
| 24 | Security Savings Bank | 7(a) | 6 | $912K | 1.3% | 2 | +4 |
| 25 | Bank Midwest | 7(a) | 6 | $897K | 1.3% | 2 | +4 |
| 26 | Bankers Trust Company | 7(a) | 6 | $825K | 1.3% | 8 | -2 |
| 27 | The Huntington National Bank | 7(a) | 5 | $4.4M | 1.1% | 0 | new |
| 28 | First Citizens Bank | 7(a) | 5 | $760K | 1.1% | 2 | +3 |
| 29 | First Central State Bank | 7(a) | 4 | $4.5M | 0.9% | 1 | +3 |
| 30 | First Bank | 7(a) | 4 | $2.6M | 0.9% | 7 | -3 |
| 31 | First Interstate Bank | 7(a) | 4 | $1.3M | 0.9% | 5 | -1 |
| 32 | Iowa Trust and Savings Bank | 7(a) | 4 | $735K | 0.9% | 0 | new |
| 33 | IH Mississippi Valley Credit Union | 7(a) | 4 | $628K | 0.9% | 3 | +1 |
| 34 | Community Savings Bank | 7(a) | 3 | $4.4M | 0.6% | 3 | 0 |
| 35 | Raccoon Valley Bank | 7(a) | 3 | $3.9M | 0.6% | 4 | -1 |
| 36 | First Bank & Trust | 7(a) | 3 | $3.6M | 0.6% | 0 | new |
| 37 | CBI Bank and Trust | 7(a) | 3 | $3.4M | 0.6% | 1 | +2 |
| 38 | First National Bank | 7(a) | 3 | $1.5M | 0.6% | 6 | -3 |
| 39 | United Midwest Savings Bank National Association | 7(a) | 3 | $1.4M | 0.6% | 4 | -1 |
| 40 | State Savings Bank | 7(a) | 3 | $878K | 0.6% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Polk County | 103 | $49.9M | 22.1% | 97 | +6 |
| 2 | Linn County | 36 | $23.4M | 7.7% | 42 | -6 |
| 3 | Scott County | 28 | $22.0M | 6.0% | 26 | +2 |
| 4 | Black Hawk County | 26 | $11.7M | 5.6% | 29 | -3 |
| 5 | Johnson County | 18 | $9.9M | 3.9% | 15 | +3 |
| 6 | Dubuque County | 17 | $8.3M | 3.6% | 11 | +6 |
| 7 | Warren County | 16 | $6.3M | 3.4% | 18 | -2 |
| 8 | Dallas County | 15 | $11.8M | 3.2% | 15 | 0 |
| 9 | Woodbury County | 14 | $9.4M | 3.0% | 9 | +5 |
| 10 | Story County | 13 | $3.8M | 2.8% | 16 | -3 |
| 11 | Clinton County | 13 | $2.7M | 2.8% | 13 | 0 |
| 12 | Dickinson County | 11 | $4.1M | 2.4% | 11 | 0 |
| 13 | Lyon County | 9 | $3.1M | 1.9% | 4 | +5 |
| 14 | Cerro Gordo County | 8 | $2.6M | 1.7% | 16 | -8 |
| 15 | Wapello County | 8 | $1.3M | 1.7% | 2 | +6 |
| 16 | Pottawattamie County | 8 | $6.3M | 1.7% | 10 | -2 |
| 17 | Ida County | 8 | $3.0M | 1.7% | 7 | +1 |
| 18 | Buchanan County | 6 | $1.3M | 1.3% | 0 | new |
| 19 | Appanoose County | 6 | $355K | 1.3% | 2 | +4 |
| 20 | Sioux County | 5 | $6.9M | 1.1% | 5 | 0 |
| 21 | Hancock County | 5 | $910K | 1.1% | 5 | 0 |
| 22 | Van Buren County | 5 | $7.2M | 1.1% | 0 | new |
| 23 | Bremer County | 4 | $2.1M | 0.9% | 7 | -3 |
| 24 | Henry County | 4 | $842K | 0.9% | 2 | +2 |
| 25 | Washington County | 4 | $3.7M | 0.9% | 0 | new |
| 26 | Pocahontas County | 4 | $1.5M | 0.9% | 1 | +3 |
| 27 | Humboldt County | 4 | $1.9M | 0.9% | 1 | +3 |
| 28 | Webster County | 3 | $1.3M | 0.6% | 2 | +1 |
| 29 | Muscatine County | 3 | $875K | 0.6% | 3 | 0 |
| 30 | Poweshiek County | 3 | $249K | 0.6% | 2 | +1 |
| 31 | Wright County | 3 | $696K | 0.6% | 0 | new |
| 32 | Marion County | 3 | $313K | 0.6% | 9 | -6 |
| 33 | Floyd County | 3 | $994K | 0.6% | 3 | 0 |
| 34 | Davis County | 3 | $975K | 0.6% | 2 | +1 |
| 35 | Jefferson County | 2 | — | 0.4% | 0 | new |
| 36 | Jasper County | 2 | — | 0.4% | 1 | +1 |
| 37 | Fayette County | 2 | — | 0.4% | 1 | +1 |
| 38 | Franklin County | 2 | — | 0.4% | 1 | +1 |
| 39 | Grundy County | 2 | — | 0.4% | 2 | 0 |
| 40 | Hardin County | 2 | — | 0.4% | 2 | 0 |
The 40 counties with the most approvals; every county is on the Iowa page.
FY2022 against FY2021
| Iowa | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 357 | 381 |
| 7(a) dollars | $143M | $197M |
| Median 7(a) approval | $200K | $204K |
| 504 approvals | 109 | 95 |
| 504 dollars | $99.8M | $65.9M |
| Jobs supported, as reported | 5,071 | 5,668 |
Questions and answers
Which lenders made the most SBA loans in Iowa in FY2022?
Iowa Business Growth Company (47), Lincoln Savings Bank (36), Farmers State Bank (26), Community 1st CU (23), Siouxland Economic Development Corporation (20). 88 lenders had at least one approval.
How many SBA loans were approved in Iowa in FY2022?
466: 357 under 7(a) worth $143M and 109 under 504 worth $99.8M.
Which Iowa counties had the most SBA approvals in FY2022?
Polk County (103), Linn County (36), Scott County (28), Black Hawk County (26), Johnson County (18).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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