Security Savings Bank approved 17 SBA loans worth $3.5M between October 2021 and June 2026, ranking #954 of 2,283 SBA lenders nationally by loan count. Its median loan was $185,000, and 53% went to startups or businesses under two years old. It lent in 3 states, most often in Iowa, and its most financed industry was other services (repair, personal care).
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Iowa | 8 | $1.4M | $224,350 | #49 |
| Minnesota | 5 | $686K | $150,000 | #148 |
| South Dakota | 4 | $1.3M | $262,500 | #31 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Other services (repair, personal care) | 4 | $262,550 | |
| Manufacturing | 3 | $150,000 | |
| Transportation and warehousing | 3 | $45,000 | |
| Administrative and support services | 2 | $127,250 | |
| Restaurants and hotels | 2 | $523,600 | |
| Construction | 1 | $150,000 | |
| Real estate and rental | 1 | $75,000 | |
| Retail | 1 | $81,000 |