Iowa Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Iowa Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112210 | Hog and Pig Farming | 4 | $985K | $246K | 10.3% |
| 721191 | Bed-and-Breakfast Inns | 3 | $135K | $45K | 7.7% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $353K | $177K | 5.1% |
| 812112 | Beauty Salons | 1 | $45K | $45K | 2.6% |
| 332710 | Machine Shops | 1 | $48K | $48K | 2.6% |
| 621210 | Offices of Dentists | 1 | $68K | $68K | 2.6% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $50K | $50K | 2.6% |
| 484110 | General Freight Trucking, Local | 1 | $35K | $35K | 2.6% |
| 111421 | Nursery and Tree Production | 1 | $40K | $40K | 2.6% |
| 562111 | Solid Waste Collection | 1 | $225K | $225K | 2.6% |
Geographic Distribution
SBA lending activity for Iowa Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 38 | $4.4M | 97.4% |
| South Dakota (SD) | 1 | $150K | 2.6% |
Why Choose Iowa Savings Bank?
Based on SBA 7(a) lending track record from 1992-2018
- ✓Proven Track Record: 39 SBA loans approved, totaling $4.6M in financing
- ✓Industry Expertise: Specialized focus on Hog and Pig Farming, Bed-and-Breakfast Inns, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $11K to $1.1M, with an average of $117K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, SD
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 Iowa Savings Bank SBA lending
What types of businesses does Iowa Savings Bank typically finance?
Iowa Savings Bank specializes in SBA 7(a) lending to specific industries including hog and pig farming, bed-and-breakfast inns, fitness and recreational sports centers, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Iowa Savings Bank's typical SBA loan terms?
Iowa Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 108 months (approximately 9 years). Loan sizes range from $11K to $1.1M, with an average loan size of $117K.
Do I need a business valuation for a Iowa Savings Bank SBA loan?
Yes, Iowa Savings 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 Iowa Savings Bank compare to other SBA lenders?
Iowa Savings Bank has originated 39 SBA loans totaling $4.6M since 1992. 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 Iowa Savings Bank lend in?
Iowa Savings Bank provides SBA 7(a) financing with particularly strong presence in IA, SD. 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.
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