First Iowa State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Iowa State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 447110 | Gasoline Stations with Convenience Stores | 8 | $1.2M | $151K | 100.0% |
Geographic Distribution
SBA lending activity for First Iowa State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 8 | $1.2M | 100.0% |
Why Choose First Iowa State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on Gasoline Stations with Convenience Stores
- ✓Competitive Terms: Average interest rate of 7.50% with flexible term lengths averaging 300 months
- ✓Loan Range: Loan sizes from $151K to $151K, with an average of $151K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 First Iowa State Bank SBA lending
What types of businesses does First Iowa State Bank typically finance?
First Iowa State Bank specializes in SBA 7(a) lending to specific industries including gasoline stations with convenience stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Iowa State Bank's typical SBA loan terms?
First Iowa State Bank's SBA 7(a) loans typically feature an average interest rate of 7.50% and average term length of 300 months (approximately 25 years). Loan sizes range from $151K to $151K, with an average loan size of $151K.
Do I need a business valuation for a First Iowa State Bank SBA loan?
Yes, First Iowa State Bank 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 First Iowa State Bank compare to other SBA lenders?
First Iowa State Bank has originated 8 SBA loans totaling $1.2M since 2020. 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 First Iowa State Bank lend in?
First Iowa State Bank provides SBA 7(a) financing with particularly strong presence in IA. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.