Lending data
Who actually lends to administrative and support businesses in Iowa?
79 SBA 7(a) loans went to administrative and support businesses in Iowa recently, at a median of $167,000. Here are the lenders that made them, ranked.
79 SBA 7(a) loans went to administrative and support businesses in Iowa in the most recent fiscal years. The median was $167,000 over 10 years. The most active lender was U.S. Bank, with 9 loans.
What lending to administrative and support businesses in Iowa actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Administrative and support services, Iowa | All 7(a) borrowers |
|---|---|---|
| Loans approved | 79 | 214,102 |
| Median loan | $167,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $349,400 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.75% | 10.25% |
| Share to startups | 49.4% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 4.0% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to administrative and support businesses in Iowa. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| U.S. Bank | 9 | $40,000 | 78% | 8.99% |
| Hills Bank and Trust Company | 5 | $150,000 | 60% | 8.35% |
| The Huntington National Bank | 5 | $150,000 | 80% | 10.25% |
| Farmers and Merchants Savings Bank | 5 | $200,000 | 60% | 10.00% |
| First Interstate Bank | 4 | $66,350 | 0% | 10.12% |
| United Midwest Savings Bank | 3 | $200,000 | 100% | 9.75% |
| TruBank | 3 | $178,500 | 33% | 8.75% |
| Farmers State Bank | 3 | $220,000 | 67% | 8.94% |
| Lincoln Savings Bank | 3 | $60,500 | 33% | 11.25% |
| Byline Bank | 3 | $798,000 | 0% | 11.00% |
What stands out in this market
Reading the figures above against the national picture:
- Loan sizes are typical. The median of $167,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- New businesses do well here. 49% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- Lending here is fragmented. The top three lenders made only 24% of these loans between them, so no single institution owns this market. That is good news: it means shopping genuinely pays.
- Rates run lower here. The median initial rate of 9.75% is 0.50 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- This market has performed well. Its FY2010-2019 charge-off rate of 4.0% is below the 7.1% overall figure, which is part of why lenders compete for it.
Which of them lend to new businesses
Of those loans, 49.4% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| U.S. Bank | 7 | $40,000 | 78% | 8.99% |
| The Huntington National Bank | 4 | $150,000 | 80% | 10.25% |
| United Midwest Savings Bank | 3 | $200,000 | 100% | 9.75% |
| Hills Bank and Trust Company | 3 | $150,000 | 60% | 8.35% |
| Farmers and Merchants Savings Bank | 3 | $200,000 | 60% | 10.00% |
| Farmers State Bank | 2 | $220,000 | 67% | 8.94% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Iowa: restaurants and hotels, construction, personal services, retail, healthcare, arts and recreation
- Admin Services in comparable states: Nebraska, Oklahoma, Louisiana, Maine, Kentucky, Kansas