Bank Iowa
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank Iowa · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 12 | $1.4M | $118K | 6.1% |
| 484110 | General Freight Trucking, Local | 6 | $390K | $65K | 3.0% |
| 512110 | Motion Picture and Video Production | 5 | $280K | $56K | 2.5% |
| 524210 | Insurance Agencies and Brokerages | 4 | $525K | $131K | 2.0% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 4 | $614K | $153K | 2.0% |
| 713940 | Fitness and Recreational Sports Centers | 4 | $268K | $67K | 2.0% |
| 812112 | Beauty Salons | 3 | $1.5M | $495K | 1.5% |
| 541921 | Photography Studios, Portrait | 2 | $51K | $26K | 1.0% |
| 441120 | Used Car Dealers | 2 | $307K | $153K | 1.0% |
| 485999 | All Other Transit and Ground Passenger Transportation | 2 | $92K | $46K | 1.0% |
Geographic Distribution
SBA lending activity for Bank Iowa by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 195 | $36.1M | 98.5% |
| Nebraska (NE) | 1 | $800K | 0.5% |
| Texas (TX) | 1 | $574K | 0.5% |
| California (CA) | 1 | $338K | 0.5% |
Why Choose Bank Iowa?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 198 SBA loans approved, totaling $37.8M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, General Freight Trucking, Local, Motion Picture and Video Production
- ✓Competitive Terms: Average interest rate of 6.45% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $9K to $4.5M, with an average of $191K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in IA, CA, TX
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Bank Iowa SBA lending
What types of businesses does Bank Iowa typically finance?
Bank Iowa specializes in SBA 7(a) lending to specific industries including offices of chiropractors, general freight trucking, local, motion picture and video production, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank Iowa's typical SBA loan terms?
Bank Iowa's SBA 7(a) loans typically feature an average interest rate of 6.45% and average term length of 107 months (approximately 9 years). Loan sizes range from $9K to $4.5M, with an average loan size of $191K.
Do I need a business valuation for a Bank Iowa SBA loan?
Yes, Bank Iowa typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Bank Iowa compare to other SBA lenders?
Bank Iowa has originated 198 SBA loans totaling $37.8M since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Bank Iowa lend in?
Bank Iowa provides SBA 7(a) financing with particularly strong presence in IA, CA, TX, NE. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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