112 SBA loans worth $53.5M went to businesses in Cedar Rapids, IA between October 2021 and June 2026, from 43 lenders. Iowa Business Growth made the most, 12 loans. The median loan was $215,500, compared with $200,000 across Iowa, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Iowa Business Growth Certified development company · Johnston, IA | 12 | $7.6M | $440,000 | 8% |
| 2 | Cedar Rapids Bank and Trust Bank · Cedar Rapids, IA | 9 | $2.5M | $215,000 | 67% |
| 3 | U.S. Bank Bank · Cincinnati, OH | 9 | $341K | $30,000 | 44% |
| 4 | Fairfax State Savings Bank Bank · Fairfax, IA | 8 | $1.5M | $116,750 | 38% |
| 5 | Farmers and Merchants Savings Bank Bank · Manchester, IA | 7 | $827K | $90,000 | 71% |
| 6 | Farmers State Bank Bank · Marion, IA | 6 | $1.0M | $150,000 | 33% |
| 7 | Hills Bank and Trust Bank · Hills, IA | 5 | $413K | $100,000 | 100% |
| 8 | Community Savings Bank Bank · Edgewood, IA | 3 | $7.2M | $3,075,000 | 67% |
| 9 | Bankers Trust Bank · Des Moines, IA | 3 | $365K | $150,000 | 67% |
| 10 | Northeast Bank Bank · Portland, ME | 3 | $229K | $60,000 | 0% |
| 11 | Siouxland Economic Development Certified development company · Sioux City, IA | 2 | $4.7M | $2,333,500 | 0% |
| 12 | Celtic Bank Bank · Salt Lake City, UT | 2 | $4.2M | $2,077,000 | 0% |
| 13 | Dakota Business Finance Certified development company · Sioux Falls, SD | 2 | $3.6M | $1,789,500 | 50% |
| 14 | Collins Community Credit Union Credit union · Cedar Rapids, IA | 2 | $980K | $490,000 | 50% |
| 15 | Farmers State Bank Bank · Waterloo, IA | 2 | $954K | $477,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 24 | $389,000 | Iowa Business Growth | |
| Other services (repair, personal care) | 19 | $100,000 | U.S. Bank | |
| Health care and social assistance | 11 | $148,000 | Bank Iowa | |
| Construction | 9 | $100,000 | Hills Bank and Trust | |
| Professional and technical services | 8 | $150,000 | Bankers Trust | |
| Manufacturing | 7 | $1,115,000 | Siouxland Economic Development | |
| Arts, entertainment and recreation | 7 | $330,000 | Collins Community Credit Union | |
| Retail | 7 | $235,800 | Ohnward Bank & Trust |