37 SBA loans worth $12.7M went to businesses in Ames, IA between October 2021 and June 2026, from 15 lenders. U.S. Bank made the most, 6 loans. The median loan was $150,000, compared with $200,000 across Iowa, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 6 | $4.6M | $40,000 | 33% |
| 2 | BayFirst National Bank Bank · St. Petersburg, FL | 6 | $805K | $150,000 | 0% |
| 3 | Northwest Bank Bank · Spencer, IA | 5 | $1.8M | $185,000 | 100% |
| 4 | Northeast Bank Bank · Portland, ME | 4 | $285K | $62,500 | 25% |
| 5 | Iowa Business Growth Certified development company · Johnston, IA | 3 | $2.1M | $582,000 | 33% |
| 6 | Lincoln Savings Bank Bank · Reinbeck, IA | 3 | $343K | $130,000 | 100% |
| 7 | First Interstate Bank Bank · Billings, MT | 2 | $305K | $152,700 | 0% |
| 8 | Magnifi Financial CU Credit union · Melrose, MN | 1 | $517K | $517,000 | 100% |
| 9 | South Story Bank & Trust Bank · Slater, IA | 1 | $470K | $470,000 | 0% |
| 10 | Newtek Bank Bank · Miami, FL | 1 | $455K | $455,000 | 0% |
| 11 | HomeTrust Bank Bank · Asheville, NC | 1 | $370K | $370,000 | 100% |
| 12 | Bankers Trust Bank · Des Moines, IA | 1 | $340K | $340,000 | 0% |
| 13 | Heritage Bank Bank · Burlington, KY | 1 | $150K | $150,000 | 0% |
| 14 | Celtic Bank Bank · Salt Lake City, UT | 1 | $150K | $150,000 | 0% |
| 15 | First Mid Bank & Trust Bank · Mattoon, IL | 1 | $105K | $105,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 10 | $482,000 | Iowa Business Growth | |
| Other services (repair, personal care) | 8 | $70,600 | U.S. Bank | |
| Retail | 6 | $95,000 | Northeast Bank | |
| Arts, entertainment and recreation | 3 | $370,000 | Magnifi Financial CU | |
| Administrative and support services | 2 | $280,000 | South Story Bank & Trust | |
| Construction | 2 | $125,000 | Northeast Bank | |
| Professional and technical services | 2 | $114,000 | Celtic Bank | |
| Manufacturing | 2 | $173,500 | Northwest Bank |