Best Iowa SBA Lenders & Rates of 2026

Compare 89 SBA lenders in Iowa. $162.9M funded across 346 businesses. Average rate 9.73%. Get matched free.

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Best Iowa SBA Lenders & Rates of 2026

$162.9M
Total Funded

346
Loans Approved

$471K
Avg Loan Size

9.73%
Avg Interest Rate

89
Active Lenders

SBA Loans in Iowa

Iowa businesses received $162.9M in SBA 7(a) loan approvals across 346 businesses in 2025. With 89 active SBA lenders competing for business in Iowa, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Iowa is $471K, with rates averaging 9.73%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in Iowa (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Iowa businesses:

RankLenderVolumeLoansAvg Rate
1U.S. Bank, National Association$11.9M6310.33%
2Live Oak Banking Company$7.0M89.01%
3Climate First Bank$6.9M49.69%
4GBank$6.9M38.67%
5Truliant FCU$6.8M410.00%
6The Huntington National Bank$6.2M149.74%
7Northwest Bank$6.1M108.13%
8MidWestOne Bank$5.8M109.63%
9Central Bank$5.2M27.25%
10Pathward National Association$5.0M29.00%
11Wells Fargo Bank National Association$4.1M610.65%
12Newtek Bank, National Association$4.1M1610.63%
13Brookline Bank, a Division of Beacon Bank and Trust$3.9M19.50%
14Farmers State Bank$3.7M148.51%
15Northeast Bank$3.7M2611.10%
16Celtic Bank Corporation$3.3M510.85%
17Readycap Lending, LLC$3.3M912.14%
18Community Bank & Trust-West Georgia$3.2M110.00%
19American Bank and Trust$3.1M28.50%
20TruBank$3.1M18.75%

🤝 How to Get an SBA Loan in Iowa

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across Iowa and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with Iowa SBA Lenders

Ready to apply for an SBA loan in Iowa? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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