37 SBA loans worth $27.7M went to businesses in Grimes, IA between October 2021 and June 2026, from 20 lenders. Huntington National Bank made the most, 6 loans. The median loan was $515,000, compared with $200,000 across Iowa, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 6 | $2.2M | $183,000 | 100% |
| 2 | Byline Bank Bank · Chicago, IL | 3 | $2.8M | $798,000 | 0% |
| 3 | Iowa Business Growth Certified development company · Johnston, IA | 3 | $2.1M | $683,000 | 0% |
| 4 | Bankers Trust Bank · Des Moines, IA | 3 | $625K | $175,000 | 67% |
| 5 | Pivotal Business Partners Certified development company · Des Moines, IA | 2 | $3.5M | $1,762,000 | 0% |
| 6 | First Bank & Trust Bank · Brookings, SD | 2 | $2.7M | $1,366,350 | 100% |
| 7 | Dakota Business Finance Certified development company · Sioux Falls, SD | 2 | $2.4M | $1,202,000 | 100% |
| 8 | Newtek Bank Bank · Miami, FL | 2 | $1.2M | $600,000 | 50% |
| 9 | First Mid Bank & Trust Bank · Mattoon, IL | 2 | $1.1M | $575,000 | 100% |
| 10 | Lincoln Savings Bank Bank · Reinbeck, IA | 2 | $742K | $370,850 | 100% |
| 11 | Bank Five Nine Bank · Oconomowoc, WI | 1 | $2.3M | $2,285,000 | 0% |
| 12 | Shoreham Bank Bank · Warwick, RI | 1 | $2.1M | $2,100,000 | 0% |
| 13 | Four States Bank Non-bank lender · Carthage, MO | 1 | $1.1M | $1,100,000 | 100% |
| 14 | Milestone Bank Bank · Salt Lake City, UT | 1 | $633K | $633,000 | 0% |
| 15 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $500K | $500,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 9 | $803,000 | First Bank & Trust | |
| Arts, entertainment and recreation | 4 | $671,500 | Huntington National Bank | |
| Professional and technical services | 4 | $800,000 | Live Oak Banking | |
| Other services (repair, personal care) | 4 | $333,000 | Huntington National Bank | |
| Administrative and support services | 4 | $534,000 | Byline Bank | |
| Retail | 3 | $183,200 | Pivotal Business Partners | |
| Transportation and warehousing | 2 | $1,192,500 | Bank Five Nine | |
| Construction | 2 | $374,000 | Newtek Bank |