SBA Lenders in Iowa
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.
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 May 16, 2026
Sources: SBA 7(a) & 504 Loan Data, FDIC BankFind
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 → |
MidWestOne Bank
IAFarmers State Bank
IACedar Rapids Bank and Trust Company
IAPioneer Bank
IALincoln Savings Bank
IAFirst Citizens Bank
IAFirst Central State Bank
IAWest Bank
IAHills Bank and Trust Company
IAUnited Bank of Iowa
IAFarmers and Merchants Savings Bank
IABankers Trust Company
IAAmerican State Bank
IAQuad City Bank and Trust Company
IAClear Lake Bank & Trust Company
IABank Iowa
IAIowa State Bank
IAFidelity Bank & Trust
IANSB Bank
IACity State Bank
IAOut-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
First American Bank
HQ IL · 24 IA loans · $5.2M IA volume
American National Bank
HQ NE · 15 IA loans · $5.1M IA volume
Everwise Credit Union
HQ IN · 2 IA loans · $3.5M IA volume
Core Bank
HQ NE · 2 IA loans · $3.2M IA volume
Time Bank
HQ IL · 24 IA loans · $2.8M IA volume
First Bank & Trust
HQ SD · 2 IA loans · $2.7M IA volume
First National Bank
HQ SD · 6 IA loans · $2.4M IA volume
TBK Bank, SSB
HQ TX · 8 IA loans · $2.0M IA volume
Bell Bank
HQ ND · 2 IA loans · $1.9M IA volume
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. No retainers — referral fee established upfront and paid at closing.
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 — not a lender. 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 receive their first lender introduction within one business day.
Other Capital Programs for Iowa Borrowers
PeerSense covers the full commercial capital stack for Iowa operators — beyond SBA. Compare current rates and structures.
CMBS Conduit
5.60–7.10%10-yr non-recourse fixed, $5M–$500M+, fully assumable
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive — Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Mezzanine Debt
11.00–18.00%Subordinate to senior, $1M–$50M, capital stack fill
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting
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