United Bank of Iowa
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by United Bank of Iowa
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 72 | $11.2M | $156K | 17.6% |
| 721110 | Hotels (except Casino Hotels) and Motels | 40 | $43.7M | $1.1M | 9.8% |
| 812112 | Beauty Salons | 40 | $7.5M | $187K | 9.8% |
| 448210 | Shoe Stores | 24 | $602K | $25K | 5.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 16 | $2.6M | $165K | 3.9% |
| 459310 | Other | 16 | $1.1M | $67K | 3.9% |
| 441310 | Automotive Parts and Accessories Stores | 16 | $5.2M | $325K | 3.9% |
| 311811 | Retail Bakeries | 16 | $7.4M | $465K | 3.9% |
| 115112 | Soil Preparation, Planting, and Cultivating | 16 | $1.2M | $75K | 3.9% |
| 488410 | Motor Vehicle Towing | 8 | $3.3M | $415K | 2.0% |
Geographic Distribution
SBA lending activity for United Bank of Iowa by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 408 | $113.1M | 100.0% |
Why Choose United Bank of Iowa?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 408 SBA loans approved, totaling $113.1M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Hotels (except Casino Hotels) and Motels, Beauty Salons
- ✓Competitive Terms: Average interest rate of 5.32% with flexible term lengths averaging 174 months
- ✓Loan Range: Loan sizes from $7K to $2.3M, with an average of $277K
- ✓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 United Bank of Iowa SBA lending
What types of businesses does United Bank of Iowa typically finance?
United Bank of Iowa specializes in SBA 7(a) lending to specific industries including full-service restaurants, hotels (except casino hotels) and motels, beauty salons, shoe stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are United Bank of Iowa's typical SBA loan terms?
United Bank of Iowa's SBA 7(a) loans typically feature an average interest rate of 5.32% and average term length of 174 months (approximately 15 years). Loan sizes range from $7K to $2.3M, with an average loan size of $277K.
Do I need a business valuation for a United Bank of Iowa SBA loan?
Yes, United Bank of 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 United Bank of Iowa compare to other SBA lenders?
United Bank of Iowa has originated 408 SBA loans totaling $113.1M 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 United Bank of Iowa lend in?
United Bank of Iowa 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.