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.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Nicolet National Bank Bank · Green Bay, WI | 13 | $1.9M | $109,600 | 54% |
| 2 | Iowa Business Growth Certified development company · Johnston, IA | 5 | $2.9M | $351,000 | 20% |
| 3 | Hills Bank and Trust Bank · Hills, IA | 5 | $1.0M | $190,000 | 100% |
| 4 | U.S. Bank Bank · Cincinnati, OH | 5 | $183K | $48,000 | 20% |
| 5 | Central State Bank Bank · Coralville, IA | 2 | $489K | $244,350 | 0% |
| 6 | Lincoln Savings Bank Bank · Reinbeck, IA | 1 | $3.0M | $3,035,000 | 0% |
| 7 | Live Oak Banking Bank · Wilmington, NC | 1 | $2.7M | $2,700,000 | 0% |
| 8 | Huntington National Bank Bank · Columbus, OH | 1 | $1.1M | $1,061,000 | 100% |
| 9 | Farmers State Bank Bank · Waterloo, IA | 1 | $1.0M | $1,000,000 | 0% |
| 10 | Citizens Bank Bank · Elizabethton, TN | 1 | $477K | $476,600 | 100% |
| 11 | Northeast Bank Bank · Portland, ME | 1 | $250K | $250,000 | 0% |
| 12 | Accion Opportunity Fund Community Development Non-bank lender · San Jose, CA | 1 | $226K | $226,000 | 0% |
| 13 | Cedar Rapids Bank and Trust Bank · Cedar Rapids, IA | 1 | $225K | $225,000 | 100% |
| 14 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $150K | $150,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 8 | $175,000 | Hills Bank and Trust | |
| Health care and social assistance | 5 | $350,000 | Live Oak Banking | |
| Restaurants and hotels | 5 | $50,000 | Nicolet National Bank | |
| Information and media | 5 | $50,000 | Nicolet National Bank | |
| Arts, entertainment and recreation | 4 | $403,300 | Iowa Business Growth | |
| Construction | 4 | $200,000 | United Midwest Savings Bank | |
| Other services (repair, personal care) | 3 | $226,000 | Nicolet National Bank | |
| Manufacturing | 2 | $321,600 | Central State Bank |