SBA Loans for Manufacturing in Iowa
Since fiscal year 2021, at least 33 lenders made 142 SBA loans to Manufacturing businesses in Iowa. These are the most active, based on public SBA data.
Most active SBA lenders for Manufacturing in Iowa
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association Cincinnati, OH | 10 | $101,841 | 42% | 7(a), Express |
| 2 | Farmers State Bank Waterloo, IA | 8 | $257,841 | 58% | 7(a), Express |
| 3 | Lincoln Savings Bank Reinbeck, IA | 7 | $512,341 | 44% | 7(a), Express |
| 4 | Northwest Bank Spencer, IA | 7 | $411,785 | 53% | 7(a), Express |
| 5 | City State Bank Norwalk, IA | 5 | $530,106 | 48% | 7(a), Express |
| 6 | Hills Bank and Trust Company Hills, IA | 5 | $223,973 | 69% | 7(a), Express |
| 7 | Bankers Trust Company Des Moines, IA | 5 | $243,058 | 52% | 7(a), Express |
| 8 | Readycap Lending, LLC Berkeley Heights, NJ | 5 | $547,841 | 9% | 7(a) |
| 9 | TowneBank Portsmouth, VA | 4 | $625,525 | 25% | 7(a), Express |
| 10 | Community 1st CU Ottumwa, IA | 4 | $121,659 | 59% | Express |
Related guide: Buying Your Own Building with an SBA 504
Other industries in Iowa
- Restaurants & Lodging324 loans
- Retail Stores261 loans
- Construction258 loans
- Personal Services & Repair234 loans
- Health Care183 loans
- Cleaning, Landscaping & Admin132 loans
- Professional Services121 loans
- Fitness & Entertainment115 loans
Frequently asked questions
Which lenders make the most SBA loans to Manufacturing businesses in Iowa?
Based on public SBA data, the most active were U.S. Bank, National Association, Farmers State Bank, Lincoln Savings Bank.
How many SBA loans did Manufacturing businesses get in Iowa?
142 SBA loans since fiscal year 2021, from at least 33 different lenders.
Which SBA loan fits a Manufacturing business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.