Lender record
BankIowa
The real lending record — every figure from funded deals. HQ: 7045 C Ave Ne, Cedar Rapids, IA. 13 branches.
3
Recent deals (FY20+)
$288K
Typical deal
—
Approval → funding
Where BankIowa lends
Deals BankIowa funded — list all 3 as text
- Padget Technologies, Inc. — Cedar Falls · $420K · FY2024 · Engineering Services
- Apex Structural LLC — Cedar Rapids · $288K · FY2024 · Engineering Services
- HRG Project LLC — Ankeny · $216K · FY2022 · Florists
Deal profile
Most BankIowa deals land between $216K and $420K — that range covers half of everything they fund. Top industries and states:
Industries they fund most
- 1.Engineering Services (2)
- 2.Florists (1)
Most active states
- 1.Iowa (3 deals)
Can BankIowa fund you? The bank behind the loans
Total assets
$836.5M
▲ 1.6% vs prior quarter
Deposits on hand
$705.4M
▲ 2.4% vs prior quarter
Loans outstanding
$677.3M
▲ 0.4% vs prior quarter
Net income (latest qtr)
$3.2M
- •SBA is a sideline here — this year's production is a rounding error against the loan book. Your deal competes with everything else they'd rather fund; a specialist bank will usually move faster. That makes BankIowa more SBA-focused than 47% of the banks on our record.
- •Deposits grew last quarter — more raw lending capacity than the quarter before.
- •Return on assets of 1.54% — above the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.
FDIC call-report data, quarter ending 03/2026.
Walk into a BankIowa branch (13)
BankiowaMain office7045 C Ave NeCedar Rapids, IA 52402 · since 1881
Jesup Branch1311 6th StJesup, IA 50648 · since 1890
First Street East Branch230 1st St EIndependence, IA 50644 · since 1905
University Avenue Branch6804 University AveCedar Falls, IA 50613 · since 1905
Lamont Branch633 Bush StLamont, IA 50650 · since 1937
Norway Branch102 W Railroad StNorway, IA 52318 · since 1999
Edgewood Parkway Branch2701 Edgewood Pkwy SwCedar Rapids, IA 52404 · since 2001
Kimball Branch3222 Kimball AveWaterloo, IA 50702 · since 2002
Drive Up Branch331 2nd St NeIndependence, IA 50644 · since 2004 · limited service
Independence South Office Branch305 Enterprise DrIndependence, IA 50644 · since 2006
Downtown Waterloo330 E 4th StWaterloo, IA 50703 · since 2007
Bankiowa Branch901 Tower Terrace RdMarion, IA 52302 · since 2020
Rowley Savings Bank Mo Branch114 Ely StRowley, IA 52329 · since 2021
Scroll for all 13 branches · Branch data: FDIC BankFind.
Recent deals
- Padget Technologies, Inc. in Cedar Falls, IA — $420K (2024) · Engineering Services
- Program
- 7a General
- Rate at approval
- 7.4% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $315K (75%)
- Approval → funding
- 27 days
- Approved
- 5/30/2024
- First disbursed
- 6/26/2024
- Loan status
- Past due
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Existing or more than 2 years old
- Industry
- Engineering Services
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- Apex Structural LLC in Cedar Rapids, IA — $288K (2024) · Engineering Services
- Program
- 7a General
- Rate at approval
- 9% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $216K (75%)
- Approval → funding
- 41 days
- Approved
- 2/24/2024
- First disbursed
- 4/5/2024
- Loan status
- Paid in full (1/31/2026)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- Existing or more than 2 years old
- Industry
- Engineering Services
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- HRG Project LLC in Ankeny, IA — $216K (2022) · purchase · Florists
- Program
- 7a General
- Rate at approval
- 4.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $162K (75%)
- Approval → funding
- 27 days
- Approved
- 2/2/2022
- First disbursed
- 3/1/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Florists
If you were the buyer here
- Est. deal size
- $240K
- Est. down payment (10%)
- $24K
- Est. cash at closing
- $32K
- Monthly payment
- $2,239
- Annual debt service
- $27K
- Cash flow needed (1.25×)
- $34K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
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Businesses BankIowa financed
3 businesses on record. Each links to its full SBA record.
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CapBench analysis of public lending records, FY2020–present. Not affiliated with BankIowa.
Agent summary
This page summarizes BankIowa's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.
- 3 SBA 7(a) loans on record
- $288K typical deal
- 1 business-acquisition loans
- HQ: 7045 C Ave Ne, Cedar Rapids, IA
- 13 FDIC branch locations
- FDIC total assets $836.5M
- 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.
- 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.
- Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.
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