US Lender Metrics Get a Lender Match
Home › SBA lenders by state › Iowa › Iowa City

SBA lenders in Iowa City, IA

SBA 7(a) and 504 loans to businesses in Iowa City (Johnson County), October 2021 to June 30, 2026 · Updated October 15, 2026
39
SBA loans approved
$15.6M
Total approved
$205,500
Median loan
14
Lenders active
46%
To startups

39 SBA loans worth $15.6M went to businesses in Iowa City, IA between October 2021 and June 2026, from 14 lenders. Nicolet National Bank made the most, 13 loans. The median loan was $205,500, compared with $200,000 across Iowa, and retail was the most financed industry.

Most active SBA lenders in Iowa City

#LenderLoansApprovedMedian loanTo startups
1Nicolet National Bank
Bank · Green Bay, WI
13$1.9M$109,60054%
2Iowa Business Growth
Certified development company · Johnston, IA
5$2.9M$351,00020%
3Hills Bank and Trust
Bank · Hills, IA
5$1.0M$190,000100%
4U.S. Bank
Bank · Cincinnati, OH
5$183K$48,00020%
5Central State Bank
Bank · Coralville, IA
2$489K$244,3500%
6Lincoln Savings Bank
Bank · Reinbeck, IA
1$3.0M$3,035,0000%
7Live Oak Banking
Bank · Wilmington, NC
1$2.7M$2,700,0000%
8Huntington National Bank
Bank · Columbus, OH
1$1.1M$1,061,000100%
9Farmers State Bank
Bank · Waterloo, IA
1$1.0M$1,000,0000%
10Citizens Bank
Bank · Elizabethton, TN
1$477K$476,600100%
11Northeast Bank
Bank · Portland, ME
1$250K$250,0000%
12Accion Opportunity Fund Community Development
Non-bank lender · San Jose, CA
1$226K$226,0000%
13Cedar Rapids Bank and Trust
Bank · Cedar Rapids, IA
1$225K$225,000100%
14United Midwest Savings Bank
Bank · Degraff, OH
1$150K$150,000100%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Iowa City. For 504 loans the lender shown is the certified development company.

What gets financed in Iowa City

IndustryLoansShareMedian loanMost active lender
Retail8
21%
$175,000Hills Bank and Trust
Health care and social assistance5
13%
$350,000Live Oak Banking
Restaurants and hotels5
13%
$50,000Nicolet National Bank
Information and media5
13%
$50,000Nicolet National Bank
Arts, entertainment and recreation4
10%
$403,300Iowa Business Growth
Construction4
10%
$200,000United Midwest Savings Bank
Other services (repair, personal care)3
8%
$226,000Nicolet National Bank
Manufacturing2
5%
$321,600Central State Bank
Loan size mix
  • Under $150,00036%
  • $150,000 to $500,00051%
  • $500,000 to $2 million8%
  • $2 million and up5%
Compared with Iowa
Median loan, Iowa City
$205,500
Median loan, Iowa
$200,000
Startup share, Iowa City
46%
Startup share, Iowa
41%
Share of state's SBA loans
1.9%

SBA loans per fiscal year in Iowa City

071320FY14: 11 loansFY14FY15: 12 loansFY15FY16: 10 loansFY16FY17: 7 loansFY17FY18: 8 loansFY18FY19: 9 loansFY19FY20: 5 loansFY20FY21: 7 loansFY21FY22: 7 loansFY22FY23: 8 loansFY23FY24: 13 loansFY2413FY25: 8 loansFY25FY26 (Oct to Jun): 3 loansFY263
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.