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SBA lending record

Weldon Contractors, LLC

1550 Willow Creek Drive, Iowa City, IA 52246 · Drywall and Insulation Contractors. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$3.0M

Total SBA financing

1

Loan on record

FY2022

On record

14

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$3,035,000 — FY2022

Gross approval: $3,035,000
SBA guaranteed: $2,276,250 (75%)
Status: Current
Rate at approval: 8.25% v
Term: 120 mo (10 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 9/26/2022
First disbursement: 10/5/2022
Days to fund: 9 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 14
Business type: Corporation
Business age: Change of Ownership
Industry: Drywall and Insulation Contractors
NAICS code: 238310
Lender: Lincoln Savings Bank
Address: 1550 Willow Creek Drive
City: Iowa City, 52246
County: Johnson
SBA district office: CEDAR RAPIDS BRANCH OFFICE
Congressional district: 2

The lender

Lincoln Savings Bank

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding drywall and insulation contractors — by location, industry.

SBA lenders in Iowa Lenders for drywall and insulation contractors Drywall and Insulation Contractors lenders in Iowa

Similar businesses

Comparable drywall and insulation contractors in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

BRAD BOWER DRYWALL LLC

West Branch, IA· ~12 mi

Drywall and Insulation Contractors

$22K
SBA financing: ≈ $43K–$72K
Est. revenue (rough)

USA INSULATION OF TOLEDO; USA INSULATION OF KALAMAZOO; USA INSULATION OF SE MICH

Holland, OH· ~404 mi

Drywall and Insulation Contractors

$3.5M
SBA financing: ≈ $6.9M–$11M
Est. revenue (rough)

CD INSULATION LLC

Williamsburg, IA· ~23 mi

Drywall and Insulation Contractors

$49K
SBA financing: ≈ $96K–$160K
Est. revenue (rough)

Element Construction Services, Inc.

Cedar Falls, IA· ~72 mi

Drywall and Insulation Contractors

$1.1M
SBA financing: ≈ $2.2M–$3.6M
Est. revenue (rough)

ECO WALL SYSTEMS, LLC

Greeley, CO· ~689 mi

Drywall and Insulation Contractors

$3.1M
SBA financing: ≈ $6.0M–$10M
Est. revenue (rough)

IIS LLC

Elk Grove Village, IL· ~187 mi

Drywall and Insulation Contractors

$1.4M
SBA financing: ≈ $2.7M–$4.5M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Weldon Contractors, LLC in Iowa City, IA (Drywall and Insulation Contractors). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $3.0M
On record FY2022
14 jobs supported
Industry: Drywall and Insulation Contractors
Location: Iowa City, IA
Lender: Lincoln Savings Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Drywall and Insulation Contractors businesses in IA for ~$3.0M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/weldon-contractors-llc-ia
API:: https://www.capbench.com/api/public/businesses/weldon-contractors-llc-ia
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Weldon Contractors, LLC.

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