FY2026 to date1 Oct 2025 – 30 Jun 2026
SBA loans in Iowa, FY2026
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.
So far in FY2026 (1 October 2025 to 30 Jun 2026) SBA approved 268 loans in Iowa: 222 under 7(a) and 46 under 504, worth $156M.
The fiscal year is still open, so these counts will grow with each quarterly release.
Iowa accounted for 0.6% of the 45,283 approvals nationwide that year. 82 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 48.
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 FY2026, of 82 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7(a) | 48 | $11.6M | 17.9% | 85 | — |
| 2 | Newtek Bank, National Association | 7(a) | 15 | $5.3M | 5.6% | 18 | — |
| 3 | Iowa Business Growth Company | 504 | 12 | $10.0M | 4.5% | 28 | — |
| 4 | The Huntington National Bank | 7(a) | 12 | $5.0M | 4.5% | 12 | — |
| 5 | Dakota Business Finance | 504 | 10 | $9.5M | 3.7% | 5 | — |
| 6 | Black Hawk Economic Development, Inc. | 504 | 9 | $2.4M | 3.4% | 5 | — |
| 7 | Northeast Bank | 7(a) | 8 | $1.1M | 3.0% | 35 | — |
| 8 | Northwest Bank | 7(a) | 7 | $5.3M | 2.6% | 9 | — |
| 9 | Celtic Bank Corporation | 7(a) | 7 | $1.1M | 2.6% | 4 | — |
| 10 | Farmers State Bank | 7(a) | 7 | $727K | 2.6% | 12 | — |
| 11 | Nicolet National Bank | 7(a) | 6 | $1.2M | 2.2% | 12 | — |
| 12 | Siouxland Economic Development Corporation | 504 | 5 | $7.7M | 1.9% | 8 | — |
| 13 | Live Oak Banking Company | 7(a) | 5 | $3.1M | 1.9% | 6 | — |
| 14 | Readycap Lending, LLC | 7(a) | 5 | $1.6M | 1.9% | 9 | — |
| 15 | Harvest Small Business Finance, LLC | 7(a) | 4 | $5.9M | 1.5% | 2 | — |
| 16 | City State Bank | 7(a) | 4 | $5.1M | 1.5% | 3 | — |
| 17 | Bank Iowa | 7(a) | 4 | $1.8M | 1.5% | 6 | — |
| 18 | E.C.I.A. Business Growth, Inc. | 504 | 4 | $1.5M | 1.5% | 4 | — |
| 19 | United Midwest Savings Bank National Association | 7(a) | 4 | $1.1M | 1.5% | 3 | — |
| 20 | Bankers Trust Company | 7(a) | 4 | $810K | 1.5% | 10 | — |
| 21 | Farmers State Bank | 7(a) | 4 | $613K | 1.5% | 5 | — |
| 22 | The Fidelity Bank | 7(a) | 3 | $3.9M | 1.1% | 0 | — |
| 23 | Fortress Bank | 7(a) | 3 | $2.0M | 1.1% | 3 | — |
| 24 | Citizens Bank | 7(a) | 3 | $1.8M | 1.1% | 1 | — |
| 25 | Central Bank | 7(a) | 3 | $1.2M | 1.1% | 2 | — |
| 26 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 3 | $800K | 1.1% | 1 | — |
| 27 | CIBC Bank USA | 7(a) | 2 | — | 0.7% | 0 | — |
| 28 | CBI Bank and Trust | 7(a) | 2 | — | 0.7% | 2 | — |
| 29 | Associated Bank National Association | 7(a) | 2 | — | 0.7% | 4 | — |
| 30 | Pivotal Business Partners | 504 | 2 | — | 0.7% | 7 | — |
| 31 | Centerstone SBA Lending, Inc. | 7(a) | 2 | — | 0.7% | 0 | — |
| 32 | Small Business Growth Corporation | 504 | 2 | — | 0.7% | 4 | — |
| 33 | Cedar Rapids Bank and Trust Company | 7(a) | 2 | — | 0.7% | 4 | — |
| 34 | Denver Savings Bank | 7(a) | 2 | — | 0.7% | 1 | — |
| 35 | Farmers and Merchants Savings Bank | 7(a) | 2 | — | 0.7% | 5 | — |
| 36 | Community Savings Bank | 7(a) | 2 | — | 0.7% | 3 | — |
| 37 | CDC Small Business Finance Corp. | 7(a) | 2 | — | 0.7% | 1 | — |
| 38 | Quad City Bank and Trust Company | 7(a) | 2 | — | 0.7% | 1 | — |
| 39 | TruBank | 7(a) | 2 | — | 0.7% | 4 | — |
| 40 | OakStar Bank | 7(a) | 1 | — | 0.4% | 0 | — |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|
| 1 | Polk County | 65 | $47.2M | 24.3% | 131 | — |
| 2 | Scott County | 27 | $7.3M | 10.1% | 27 | — |
| 3 | Linn County | 23 | $7.0M | 8.6% | 38 | — |
| 4 | Black Hawk County | 19 | $9.9M | 7.1% | 21 | — |
| 5 | Dallas County | 17 | $10.3M | 6.3% | 24 | — |
| 6 | Johnson County | 10 | $8.8M | 3.7% | 20 | — |
| 7 | Marion County | 9 | $1.4M | 3.4% | 2 | — |
| 8 | Woodbury County | 6 | $7.2M | 2.2% | 8 | — |
| 9 | Warren County | 6 | $1.7M | 2.2% | 12 | — |
| 10 | Story County | 6 | $5.5M | 2.2% | 12 | — |
| 11 | Pottawattamie County | 6 | $9.1M | 2.2% | 16 | — |
| 12 | Dickinson County | 5 | $3.9M | 1.9% | 4 | — |
| 13 | Dubuque County | 4 | $2.1M | 1.5% | 12 | — |
| 14 | Clay County | 3 | $1.1M | 1.1% | 4 | — |
| 15 | Muscatine County | 3 | $3.3M | 1.1% | 8 | — |
| 16 | Jones County | 3 | $660K | 1.1% | 2 | — |
| 17 | Mahaska County | 3 | $723K | 1.1% | 0 | — |
| 18 | Des Moines County | 3 | $509K | 1.1% | 3 | — |
| 19 | Floyd County | 3 | $1.4M | 1.1% | 0 | — |
| 20 | Jefferson County | 2 | — | 0.7% | 6 | — |
| 21 | Buchanan County | 2 | — | 0.7% | 0 | — |
| 22 | Plymouth County | 2 | — | 0.7% | 5 | — |
| 23 | Cerro Gordo County | 2 | — | 0.7% | 7 | — |
| 24 | Benton County | 2 | — | 0.7% | 2 | — |
| 25 | Boone County | 2 | — | 0.7% | 8 | — |
| 26 | Lyon County | 2 | — | 0.7% | 2 | — |
| 27 | Wapello County | 2 | — | 0.7% | 0 | — |
| 28 | Hancock County | 2 | — | 0.7% | 0 | — |
| 29 | Butler County | 2 | — | 0.7% | 0 | — |
| 30 | Montgomery County | 2 | — | 0.7% | 2 | — |
| 31 | Jasper County | 1 | — | 0.4% | 11 | — |
| 32 | Webster County | 1 | — | 0.4% | 2 | — |
| 33 | Clinton County | 1 | — | 0.4% | 6 | — |
| 34 | Jackson County | 1 | — | 0.4% | 2 | — |
| 35 | Appanoose County | 1 | — | 0.4% | 4 | — |
| 36 | Cedar County | 1 | — | 0.4% | 3 | — |
| 37 | Franklin County | 1 | — | 0.4% | 0 | — |
| 38 | Marshall County | 1 | — | 0.4% | 1 | — |
| 39 | Grundy County | 1 | — | 0.4% | 5 | — |
| 40 | Bremer County | 1 | — | 0.4% | 3 | — |
The 40 counties with the most approvals; every county is on the Iowa page.
FY2026 against FY2025
| Iowa | FY2026 to date | FY2025 |
|---|---|---|
| 7(a) approvals | 222 | 429 |
| 7(a) dollars | $117M | $179M |
| Median 7(a) approval | $213K | $150K |
| 504 approvals | 46 | 61 |
| 504 dollars | $38.4M | $46.3M |
| Jobs supported, as reported | 3,277 | 4,502 |
Questions and answers
Which lenders made the most SBA loans in Iowa in FY2026?
U.S. Bank, National Association (48), Newtek Bank, National Association (15), Iowa Business Growth Company (12), The Huntington National Bank (12), Dakota Business Finance (10). 82 lenders had at least one approval.
How many SBA loans were approved in Iowa in FY2026?
268 to 30 Jun 2026: 222 under 7(a) worth $117M and 46 under 504 worth $38.4M.
Which Iowa counties had the most SBA approvals in FY2026?
Polk County (65), Scott County (27), Linn County (23), Black Hawk County (19), Dallas County (17).
When does FY2026 start and end?
The federal fiscal year 2026 runs from 1 October 2025 to 30 September 2026. The files used here stop at 30 Jun 2026.
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