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SBA lenders in West Des Moines, IA

SBA 7(a) and 504 loans to businesses in West Des Moines (Polk County), October 2021 to June 30, 2026 · Updated October 16, 2026
86
SBA loans approved
$40.9M
Total approved
$221,500
Median loan
40
Lenders active
45%
To startups

86 SBA loans worth $40.9M went to businesses in West Des Moines, IA between October 2021 and June 2026, from 40 lenders. U.S. Bank made the most, 10 loans. The median loan was $221,500, compared with $200,000 across Iowa, and health care and social assistance was the most financed industry.

Most active SBA lenders in West Des Moines

#LenderLoansApprovedMedian loanTo startups
1U.S. Bank
Bank · Cincinnati, OH
10$638K$35,00090%
2Lincoln Savings Bank
Bank · Reinbeck, IA
7$2.3M$200,00057%
3Farmers State Bank
Bank · Waterloo, IA
6$2.3M$210,25033%
4Northeast Bank
Bank · Portland, ME
6$718K$100,0000%
5Huntington National Bank
Bank · Columbus, OH
5$1.4M$285,00080%
6Newtek Bank
Bank · Miami, FL
4$1.2M$300,0000%
7Northwest Bank
Bank · Spencer, IA
3$499K$163,900100%
8Mortgage Capital Development
Certified development company · Oakland, CA
2$5.8M$2,906,00050%
9Iowa Business Growth
Certified development company · Johnston, IA
2$2.8M$1,423,50050%
10Live Oak Banking
Bank · Wilmington, NC
2$1.8M$887,50050%
11Readycap Lending
Non-bank lender · Berkeley Heights, NJ
2$1.8M$875,0000%
12Union Bank and Trust
Bank · Lincoln, NE
2$1.2M$576,5000%
13BankVista
Bank · Sartell, MN
2$996K$498,2500%
14State Savings Bank
Bank · West Des Moines, IA
2$656K$327,85050%
15Pivotal Business Partners
Certified development company · Des Moines, IA
2$524K$262,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in West Des Moines. For 504 loans the lender shown is the certified development company.

What gets financed in West Des Moines

IndustryLoansShareMedian loanMost active lender
Health care and social assistance19
22%
$300,000Newtek Bank
Professional and technical services16
19%
$151,000Northeast Bank
Other services (repair, personal care)10
12%
$270,000Northwest Bank
Retail9
10%
$100,000U.S. Bank
Restaurants and hotels8
9%
$243,200Twin Cedars Bank
Construction8
9%
$75,000U.S. Bank
Administrative and support services7
8%
$200,000BankVista
Manufacturing4
5%
$500,000Farmers State Bank
Loan size mix
  • Under $150,00036%
  • $150,000 to $500,00037%
  • $500,000 to $2 million21%
  • $2 million and up6%
Compared with Iowa
Median loan, West Des Moines
$221,500
Median loan, Iowa
$200,000
Startup share, West Des Moines
45%
Startup share, Iowa
41%
Share of state's SBA loans
4.2%

SBA loans per fiscal year in West Des Moines

0102030FY14: 10 loansFY14FY15: 16 loansFY15FY16: 25 loansFY1625FY17: 20 loansFY17FY18: 12 loansFY18FY19: 16 loansFY19FY20: 18 loansFY20FY21: 17 loansFY21FY22: 19 loansFY22FY23: 12 loansFY23FY24: 19 loansFY24FY25: 22 loansFY25FY26 (Oct to Jun): 14 loansFY2614
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.