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SBA lenders in Sioux City, IA

SBA 7(a) and 504 loans to businesses in Sioux City (Woodbury County), October 2021 to June 30, 2026 · Updated October 15, 2026
30
SBA loans approved
$23.1M
Total approved
$372,700
Median loan
21
Lenders active
23%
To startups

30 SBA loans worth $23.1M went to businesses in Sioux City, IA between October 2021 and June 2026, from 21 lenders. U.S. Bank made the most, 4 loans. The median loan was $372,700, compared with $200,000 across Iowa, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Sioux City

#LenderLoansApprovedMedian loanTo startups
1U.S. Bank
Bank · Cincinnati, OH
4$120K$27,5000%
2First Bank & Trust
Bank · Brookings, SD
3$4.8M$1,773,70033%
3Siouxland Economic Development
Certified development company · Sioux City, IA
3$1.5M$360,0000%
4Lincoln Savings Bank
Bank · Reinbeck, IA
3$764K$324,0000%
5OakStar Bank
Bank · Springfield, MO
1$5.0M$5,000,0000%
6Wells Fargo Bank
Bank · Sioux Falls, SD
1$2.2M$2,163,000100%
7Newtek Bank
Bank · Miami, FL
1$2.0M$2,000,0000%
8East West Bank
Bank · Pasadena, CA
1$1.6M$1,572,0000%
9South Dakota Development
Certified development company · Sioux Falls, SD
1$1.4M$1,357,0000%
10Dakota Business Finance
Certified development company · Sioux Falls, SD
1$593K$593,000100%
11Nebraska Economic Development
Certified development company · Lincoln, NE
1$553K$553,0000%
12First National Bank in Sioux Falls
Bank · Sioux Falls, SD
1$550K$550,000100%
13Byline Bank
Bank · Chicago, IL
1$450K$450,0000%
14Iowa Business Growth
Certified development company · Johnston, IA
1$392K$392,0000%
15Northwest Bank
Bank · Spencer, IA
1$385K$385,4000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Sioux City. For 504 loans the lender shown is the certified development company.

What gets financed in Sioux City

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels8
27%
$573,000U.S. Bank
Other services (repair, personal care)6
20%
$702,350First Bank & Trust
Construction4
13%
$27,500U.S. Bank
Professional and technical services3
10%
$350,000Lincoln Savings Bank
Arts, entertainment and recreation2
7%
$188,000Associated Bank
Transportation and warehousing2
7%
$2,532,900OakStar Bank
Finance and insurance1
3%
$450,000Byline Bank
Health care and social assistance1
3%
$392,000Iowa Business Growth
Loan size mix
  • Under $150,00027%
  • $150,000 to $500,00033%
  • $500,000 to $2 million30%
  • $2 million and up10%
Compared with Iowa
Median loan, Sioux City
$372,700
Median loan, Iowa
$200,000
Startup share, Sioux City
23%
Startup share, Iowa
41%
Share of state's SBA loans
1.5%

SBA loans per fiscal year in Sioux City

071320FY14: 10 loansFY14FY15: 7 loansFY15FY16: 11 loansFY16FY17: 15 loansFY1715FY18: 1 loansFY18FY19: 8 loansFY19FY20: 14 loansFY20FY21: 7 loansFY21FY22: 10 loansFY22FY23: 4 loansFY23FY24: 5 loansFY24FY25: 6 loansFY25FY26 (Oct to Jun): 5 loansFY265
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.