Cedar Rapids Bank and Trust approved 22 SBA loans worth $7.8M between October 2021 and June 2026, ranking #867 of 2,283 SBA lenders nationally by loan count. Its median loan was $220,000, and 68% went to startups or businesses under two years old. It lent in 3 states, most often in Iowa, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Iowa | 20 | $4.9M | $207,500 | #30 |
| Illinois | 1 | $920K | $920,000 | #279 |
| Tennessee | 1 | $2.0M | $2,000,000 | #206 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 4 | $157,000 | |
| Health care and social assistance | 3 | $280,000 | |
| Other services (repair, personal care) | 3 | $89,700 | |
| Professional and technical services | 2 | $250,350 | |
| Retail | 2 | $155,000 | |
| Administrative and support services | 2 | $355,000 | |
| Education | 2 | $450,900 | |
| Arts, entertainment and recreation | 1 | $354,500 | |
| Agriculture, forestry and fishing | 1 | $100,000 | |
| Real estate and rental | 1 | $165,600 |