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Most active SBA lenders in Iowa

Iowa has 228 FDIC-insured banks, but only a fraction fund business purchases. These 25 banks closed 172 SBA 7(a) loans in Iowa in the last 12 months. A lender funding deals here every week knows the local market and moves faster — start at the top.

Deal economics— what it takes to buy & finance Iowa acquisitions

$350K

Typical loan

range $160K–$1.00M

$389K

Est. purchase price

≈ loan ÷ 90%

$52,014

Cash to close

$38,889 down + fees

$4,821/mo

Typical payment

~11% · 10yr

$66,530/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

99.1%

Still performing

0.9% default · FY20–23

19 days

Typical time to fund

109

Lenders competing

more = leverage

7.22%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

  1. 1.3 loans · $2M · Minneapolis, MNFull record →
  2. 2.3,264 loans · $846M · Miami, FLFull record →
  3. 3.2,539 loans · $965M · Columbus, OHFull record →
  4. 4.868 loans · $362M · Salt Lake City, UTFull record →
  5. 5.2 loans · $0M · Pittsfield, ILFull record →
  6. 6.9 loans · $10M · Warren, PAFull record →
  7. 7.1,296 loans · $1.4B · Wilmington, NCFull record →
  8. 8.4 loans · $1M · Des Moines, IAFull record →
  9. 9.31 loans · $11M · Green Bay, WIFull record →
  10. 10.4 loans · $5M · Norwalk, IAFull record →
  11. 11.291 loans · $320M · Laguna Hills, CAFull record →
  12. 12.4 loans · $2M · West Des Moines, IAFull record →
  13. 13.1,025 loans · $292M · Berkeley Heights, NJFull record →
  14. 14.20 loans · $8M · Saint Petersburg, FLFull record →
  15. 15.499 loans · $106M · Los Angeles, CAFull record →
  16. 16.575 loans · $220M · De Graff, OHFull record →
  17. 17.57 loans · $74M · Winston-Salem, NCFull record →
  18. 18.102 loans · $119M · Saint Petersburg, FLFull record →
  19. 19.2 loans · $0M · State Center, IAFull record →
  20. 20.4 loans · $2M · Ogallala, NEFull record →
  21. 21.741 loans · $149M · Northbrook, ILFull record →
  22. 22.4 loans · $2M · Peoria, ILFull record →
  23. 23.2 loans · $0M · Bettendorf, IAFull record →
  24. 24.2 loans · $1M · Iowa City, IAFull record →
  25. 25.154 loans · $26M · San Diego, CAFull record →

361+ funded Iowa deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

  • Japenga Furnishings Inc. in Coralville, IA$5.0M (2026) · purchase · Merchants Bank of Indiana
  • AMERICAN COLOR IMAGING, INC. in Cedar Falls, IA$4.5M (2026) · purchase · CIBC Bank USA
  • Herman Construction, LLC in Milford, IA$2.8M (2026) · purchase · Northwest Bank
  • BoldStep Strategies Inc. in Fort Dodge, IA$1.5M (2026) · purchase · Bell Bank
  • Oak Meadow RE LLC in Ottumwa, IA$1.3M (2026) · purchase · The Huntington National Bank
  • Atomic Roll Off, LLC in Des Moines, IA$1.1M (2026) · purchase · Truliant FCU
  • Accounting & Tax Services PLLC in Fairfield, IA$1.0M (2026) · purchase · Live Oak Banking Company
  • Achen Becker Media, LLC in Charles City, IA$950K (2026) · purchase · Bank Iowa
  • Shift Holding Company, LLC in Grimes, IA$633K (2026) · purchase · Milestone Bank
  • Comfort Keepers in Davenport, IA$629K (2026) · purchase · Capital Bank, National Association
  • Peters Legacy, Inc. in Cedar Rapids, IA$597K (2026) · purchase · American National Bank
  • Eleven & Co. LLC in Cedar Falls, IA$549K (2026) · purchase · Denver Savings Bank
  • D.E. Smith Inc in Des Moines, IA$500K (2026) · purchase · Bank Iowa
  • The Cone Shoppe LLC in Monticello, IA$400K (2026) · purchase · Citizens State Bank
  • Charleys 542 in Coralville, IA$395K (2026) · purchase · Centerstone SBA Lending, Inc.
  • AAA Compassionate Care of Iowa LLC in West Des Moines, IA$350K (2026) · purchase · Live Oak Banking Company
  • Elm Family Enterprises, Inc in Marion, IA$325K (2026) · purchase · Community Savings Bank
  • Warren Family Holdings LLC in Des Moines, IA$150K (2026) · purchase · Bankers Trust Company
  • Kaasa Spine and Wellness LLC in Davenport, IA$149K (2026) · purchase · Quad City Bank and Trust Company
  • DJE LLC in Manchester, IA$139K (2026) · purchase · Community Savings Bank

Buying in Iowa? Start with a lender that already funds deals here

The rankings above are the short list. Tell us your deal size and industry and we'll point you to the banks most likely to say yes in your market.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

CapBench analysis of public SBA lending records, trailing 12 months. Rankings count funded 7(a) loans with a Iowa project address.

Agent summary

The SBA 7(a) lenders most active in Iowa over the trailing 12 months, from public loan records, led by Northeast Bank. A lender that funds deals here every week underwrites faster and knows the local market. CapBench is not a lender.

  • 25 active SBA lenders ranked
  • 172 Iowa loans (12 mo)
  • $350K typical acquisition loan
  • 19 days typical to fund

Buyers buying in Iowa typically pre-qualify, then ask CapBench to introduce a lender already closing deals here — free for buyers; agents submit a consented lead via the CapBench MCP.

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.
  • 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.
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