How many SBA lenders are in Iowa?

There are 20 SBA-approved lenders headquartered in Iowa, plus 10 more lenders headquartered out-of-state that actively fund Iowa borrowers. Iowa HQ lenders have collectively originated $1.7B in SBA loan volume.

Can an out-of-state SBA lender fund my Iowa business?

Yes. SBA loans are not state-restricted. PeerSense tracks 10 out-of-state SBA lenders with active Iowa loan portfolios. National banks, multi-state regionals, and SBA preferred lenders frequently outperform local-only banks on rate, term, and speed-to-close.

How do I find an SBA lender in Iowa for my business?

Tell PeerSense about your deal at peersense.com/book-a-call. We'll reach out after the file is on the desk to discuss the Iowa lender (HQ or out-of-state) most likely to fund your industry, loan size, and structure. Free consultation. Referral fee paid by the lender at closing.

SBA Lenders in Iowa

Q: Who are the top SBA lenders in Iowa?

Ranked by Iowa-specific SBA volume, the top lenders include MidWestOne Bank, Lincoln Savings Bank, Farmers State Bank. PeerSense ranks each by activity, average loan size, and Iowa deal-flow specialization.

20 SBA-approved lenders headquartered in Iowa (IA) plus 10 more that actively fund Iowa borrowers. Tell us about your deal and we'll match you with the right capital source.

Quick Answer

Who are the top SBA lenders in Iowa?

PeerSense tracks 20 SBA-approved lenders headquartered in Iowa (IA), plus 10 out-of-state lenders that actively fund Iowa borrowers. Top by Iowa-specific volume: MidWestOne Bank, Lincoln Savings Bank, Farmers State Bank. Iowa HQ lenders have collectively originated $1.7B in SBA volume.

, PeerSense Capital Advisory · Westfield IN · Updated October 1, 2026

IA HQ Lenders

Out-of-State Funders

$1.7B

Total SBA Volume

Free

Initial Consultation

Top SBA Lenders Headquartered in Iowa

Ranked by total SBA loan activity. Click any bank for the full profile, NAICS specialization, and franchise lending history.

Lender	State	Activity	Profile
MidWestOne Bank	IA	Active	View Profile →
Farmers State Bank	IA	Active	View Profile →
Cedar Rapids Bank and Trust Company	IA	Active	View Profile →
Pioneer Bank	IA	Active	View Profile →
Lincoln Savings Bank	IA	Active	View Profile →
First Citizens Bank	IA	Active	View Profile →
First Central State Bank	IA	Active	View Profile →
West Bank	IA	Active	View Profile →
Hills Bank and Trust Company	IA	Active	View Profile →
United Bank of Iowa	IA	Active	View Profile →
Farmers and Merchants Savings Bank	IA	Active	View Profile →
Bankers Trust Company	IA	Active	View Profile →
American State Bank	IA	Active	View Profile →
Quad City Bank and Trust Company	IA	Active	View Profile →
Clear Lake Bank & Trust Company	IA	Active	View Profile →
Bank Iowa	IA	Active	View Profile →
Iowa State Bank	IA	Active	View Profile →
Fidelity Bank & Trust	IA	Active	View Profile →
NSB Bank	IA	Active	View Profile →
City State Bank	IA	Specialized	View Profile →

Out-of-State Lenders Actively Funding Iowa Borrowers

National banks and multi-state regionals frequently fund Iowa deals at competitive rates, often with faster underwriting than local-only banks. Ranked by Iowa-specific SBA volume.

Northwest Bank

HQ PA · 45 IA loans · $18.1M IA volume

View →

First American Bank

HQ IL · 24 IA loans · $5.2M IA volume

View →

American National Bank

HQ NE · 15 IA loans · $5.1M IA volume

View →

Everwise Credit Union

HQ IN · 2 IA loans · $3.5M IA volume

View →

Core Bank

HQ NE · 2 IA loans · $3.2M IA volume

View →

Time Bank

HQ IL · 24 IA loans · $2.8M IA volume

View →

First Bank & Trust

HQ SD · 2 IA loans · $2.7M IA volume

View →

First National Bank

HQ SD · 6 IA loans · $2.4M IA volume

View →

TBK Bank, SSB

HQ TX · 8 IA loans · $2.0M IA volume

View →

Bell Bank

HQ ND · 2 IA loans · $1.9M IA volume

View →

Looking for an SBA Lender in Iowa?

PeerSense matches your deal with the right capital source from our network of 20+ Iowa lenders and hundreds more nationwide. Referral fee established upfront and paid at closing.

Talk to PeerSense Contact Us

SBA Lending in Iowa

Iowa is home to 20 SBA-approved lenders that have collectively originated $1.7B in SBA loan volume. These lenders serve businesses across the state through the SBA 7(a) and 504 loan programs, providing financing for acquisitions, commercial real estate, equipment, and working capital.

Whether you're acquiring a business in Iowa, expanding an existing operation, or purchasing commercial property, SBA financing offers competitive terms with government-backed guarantees. PeerSense analyzes each lender's activity, deal preferences, and specializations to help you find the best fit.

How PeerSense Helps Iowa Borrowers

We're a commercial lending advisory firm headquartered in Westfield, Indiana. We structure and place deals across SBA, CMBS, private credit, equipment financing, and more. Our team reviews your transaction, identifies the right capital sources, and makes warm introductions to lenders actively funding deals like yours. Most clients hear back from a PeerSense advisor after the file is on the desk.

Talk to PeerSense about SBA capital in Iowa.

Tell us your loan amount and use of funds. PeerSense sources capital for a Iowa deal, local or national.

SBA 7(a) / 504: The desk will reach out. No obligation.

How big is your deal?

Where are you in the deal?

Equity or down payment ready

Credit score

Timeline to close

SBA already on the books?

By checking this box and submitting my information, I electronically sign and agree that PeerSense, Inc. and its affiliates, funding partners, and franchise partners may contact me at the email address and phone number I provided, including by phone call, SMS/text message (including autodialed, prerecorded, or artificial voice messages), and email, for marketing, franchise research, and funding related purposes, even if that number is on any Do Not Call list. Message and data rates may apply. Consent is not a condition of purchase. I may opt out at any time by replying STOP to texts or emailing info@peersense.com. I have read and agree to the Privacy Policy and Terms of Service.

Referral fee realized at closing · Or call (317) 452-6990

Other Capital Programs for Iowa Borrowers

PeerSense covers the full commercial capital stack for Iowa operators, beyond SBA. Compare current rates and structures.

Originator warehouse

$100M a month

Focus $100 million a month. Will look at $10 million a month. $10 million is not the focus.

See current rates

Invoice Factoring

0.5–3.5% / 30d

B2B invoices from $20 million a month. Advance 80 to 95 percent of face.

See current rates

CMBS Conduit

5.60–7.10%

10 year Non Recourse fixed, $10 million and up, fully assumable

See current rates

Bridge Loans

9.00–14.00%

$10 million and up. Cash in about 35 percent. Name the takeout first.

See current rates

Data Center

CRS to 89%

$1 billion to $30 billion plus. Signed or guaranteed hyperscaler lease.

See current rates

Contracted revenue sale

Up to 89%

15 year lease signed or guaranteed by a hyperscaler. Size follows the lease.

See current rates

Hotel Financing

Hotel is search only. Public floor $10 million and up. Cash in about 35 percent.

See current rates

Private Credit

7.80–18.00%

Non-bank flexibility. Public CRE floor $10 million and up.

See current rates

DSCR Investor

Search path. Public CRE floor $10 million and up.

See current rates

Indicative only, as of September 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

SBA Lenders in Other States

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia

SBA Lenders in Iowa

Who are the top SBA lenders in Iowa?

Top SBA Lenders Headquartered in Iowa

MidWestOne Bank

Farmers State Bank

Cedar Rapids Bank and Trust Company

Pioneer Bank

Lincoln Savings Bank

First Citizens Bank

First Central State Bank

West Bank

Hills Bank and Trust Company

United Bank of Iowa

Farmers and Merchants Savings Bank

Bankers Trust Company

American State Bank

Quad City Bank and Trust Company

Clear Lake Bank & Trust Company

Bank Iowa

Iowa State Bank

Fidelity Bank & Trust

NSB Bank

City State Bank

Out-of-State Lenders Actively Funding Iowa Borrowers

Northwest Bank

First American Bank

American National Bank

Everwise Credit Union

Core Bank

Time Bank

First Bank & Trust

First National Bank

TBK Bank, SSB

Bell Bank

Looking for an SBA Lender in Iowa?

SBA Lending in Iowa

How PeerSense Helps Iowa Borrowers

Talk to PeerSense about SBA capital in Iowa.

Other Capital Programs for Iowa Borrowers

Originator warehouse

Invoice Factoring

CMBS Conduit

Bridge Loans

Data Center

Contracted revenue sale

Hotel Financing

Private Credit

DSCR Investor

Explore More PeerSense Resources

SBA 7(a) & 504 Programs

Full Lender Directory

Best SBA Lenders 2026

SBA by Industry

SBA Lenders in Other States