29 SBA loans worth $8.9M went to businesses in Mason City, IA between October 2021 and June 2026, from 11 lenders. Clear Lake Bank & Trust made the most, 13 loans. The median loan was $150,000, compared with $200,000 across Iowa, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Clear Lake Bank & Trust Bank · Clear Lake, IA | 13 | $4.9M | $200,000 | 23% |
| 2 | U.S. Bank Bank · Cincinnati, OH | 5 | $104K | $18,500 | 60% |
| 3 | Iowa State Bank Bank · Algona, IA | 2 | $1.9M | $935,000 | 0% |
| 4 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $20K | $10,000 | 100% |
| 5 | Black Hawk Economic Development Certified development company · Waterloo, IA | 1 | $1.2M | $1,158,000 | 0% |
| 6 | Bank Iowa Bank · West Des Moines, IA | 1 | $240K | $240,000 | 0% |
| 7 | NSB Bank Bank · Mason City, IA | 1 | $180K | $180,000 | 0% |
| 8 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $150K | $150,000 | 0% |
| 9 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $100K | $100,000 | 100% |
| 10 | First Citizens Bank Bank · Mason City, IA | 1 | $90K | $90,000 | 0% |
| 11 | Reliance State Bank Bank · Story City, IA | 1 | $80K | $80,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 4 | $521,150 | Iowa State Bank | |
| Construction | 3 | $180,000 | Clear Lake Bank & Trust | |
| Transportation and warehousing | 3 | $45,000 | Bank Iowa | |
| Other services (repair, personal care) | 3 | $67,500 | Clear Lake Bank & Trust | |
| Administrative and support services | 3 | $200,000 | Clear Lake Bank & Trust | |
| Real estate and rental | 3 | $682,500 | Clear Lake Bank & Trust | |
| Wholesale trade | 2 | $237,500 | Clear Lake Bank & Trust | |
| Arts, entertainment and recreation | 2 | $55,000 | U.S. Bank |