Iowa Trust and Savings Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Iowa Trust and Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 24 | $2.2M | $94K | 50.0% |
| 236118 | Residential Remodelers | 16 | $3.0M | $188K | 33.3% |
| 811111 | General Automotive Repair | 8 | $1.6M | $200K | 16.7% |
Geographic Distribution
SBA lending activity for Iowa Trust and Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 48 | $6.8M | 100.0% |
Why Choose Iowa Trust and Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $6.8M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Residential Remodelers, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 5.62% with flexible term lengths averaging 62 months
- ✓Loan Range: Loan sizes from $60K to $225K, with an average of $143K
- ✓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 Iowa Trust and Savings Bank SBA lending
What types of businesses does Iowa Trust and Savings Bank typically finance?
Iowa Trust and Savings Bank specializes in SBA 7(a) lending to specific industries including landscaping services, residential remodelers, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Iowa Trust and Savings Bank's typical SBA loan terms?
Iowa Trust and Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.62% and average term length of 62 months (approximately 5 years). Loan sizes range from $60K to $225K, with an average loan size of $143K.
Do I need a business valuation for a Iowa Trust and Savings Bank SBA loan?
Yes, Iowa Trust and 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 Trust and Savings Bank compare to other SBA lenders?
Iowa Trust and Savings Bank has originated 48 SBA loans totaling $6.8M 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 Iowa Trust and Savings Bank lend in?
Iowa Trust and Savings 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.
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Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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