BankIowa
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BankIowa · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 111998 | All Other Miscellaneous Crop Farming | 6 | $587K | $98K | 6.2% |
| 334290 | Other Communications Equipment Manufacturing | 5 | $954K | $191K | 5.2% |
| 541330 | Engineering Services | 3 | $768K | $256K | 3.1% |
| 112990 | All Other Animal Production | 3 | $144K | $48K | 3.1% |
| 561740 | Carpet and Upholstery Cleaning Services | 2 | $217K | $109K | 2.1% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $153K | $77K | 2.1% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 2 | $175K | $88K | 2.1% |
| 541611 | Administrative Management and General Management Consulting Services | 2 | $105K | $53K | 2.1% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 2 | $155K | $78K | 2.1% |
| 335999 | All Other Miscellaneous Electrical Equipment and Component Manufacturing | 1 | $600K | $600K | 1.0% |
Geographic Distribution
SBA lending activity for BankIowa by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 95 | $15.8M | 97.9% |
| Minnesota (MN) | 2 | $1.2M | 2.1% |
Why Choose BankIowa?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 97 SBA loans approved, totaling $17.0M in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Crop Farming, Other Communications Equipment Manufacturing, Engineering Services
- ✓Competitive Terms: Average interest rate of 5.92% with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $7K to $1.5M, with an average of $175K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, MN
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 BankIowa SBA lending
What types of businesses does BankIowa typically finance?
BankIowa specializes in SBA 7(a) lending to specific industries including all other miscellaneous crop farming, other communications equipment manufacturing, engineering services, all other animal production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BankIowa's typical SBA loan terms?
BankIowa's SBA 7(a) loans typically feature an average interest rate of 5.92% and average term length of 103 months (approximately 9 years). Loan sizes range from $7K to $1.5M, with an average loan size of $175K.
Do I need a business valuation for a BankIowa SBA loan?
Yes, BankIowa 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 BankIowa compare to other SBA lenders?
BankIowa has originated 97 SBA loans totaling $17.0M 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 BankIowa lend in?
BankIowa provides SBA 7(a) financing with particularly strong presence in IA, MN. 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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