36 SBA loans worth $20.0M went to businesses in Waterloo, IA between October 2021 and June 2026, from 17 lenders. Farmers State Bank made the most, 10 loans. The median loan was $161,500, compared with $200,000 across Iowa, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Farmers State Bank Bank · Waterloo, IA | 10 | $5.5M | $115,900 | 60% |
| 2 | First Bank Bank · Waverly, IA | 4 | $1.6M | $185,000 | 25% |
| 3 | Lincoln Savings Bank Bank · Reinbeck, IA | 4 | $1.5M | $310,000 | 50% |
| 4 | Black Hawk Economic Development Certified development company · Waterloo, IA | 3 | $1.9M | $515,000 | 33% |
| 5 | Climate First Bank Bank · St. Petersburg, FL | 2 | $3.8M | $1,890,000 | 100% |
| 6 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $1.1M | $571,250 | 100% |
| 7 | First Interstate Bank Bank · Billings, MT | 1 | $2.8M | $2,791,800 | 100% |
| 8 | Wheaton Bank & Trust Company Bank · Wheaton, IL | 1 | $500K | $500,000 | 100% |
| 9 | Bank of America Bank · Charlotte, NC | 1 | $337K | $337,400 | 100% |
| 10 | Truliant FCU Credit union · Winston-Salem, NC | 1 | $235K | $235,000 | 0% |
| 11 | Celtic Bank Bank · Salt Lake City, UT | 1 | $150K | $150,000 | 0% |
| 12 | Farmers State Bank Bank · Marion, IA | 1 | $123K | $123,300 | 0% |
| 13 | Newtek Bank Bank · Miami, FL | 1 | $75K | $75,000 | 100% |
| 14 | Nicolet National Bank Bank · Green Bay, WI | 1 | $74K | $74,000 | 0% |
| 15 | Cedar Rapids Bank and Trust Bank · Cedar Rapids, IA | 1 | $70K | $70,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 9 | $495,000 | Farmers State Bank | |
| Restaurants and hotels | 6 | $179,150 | Truliant FCU | |
| Administrative and support services | 5 | $220,000 | First Bank | |
| Other services (repair, personal care) | 3 | $173,000 | First Interstate Bank | |
| Education | 3 | $1,122,500 | Climate First Bank | |
| Professional and technical services | 3 | $150,000 | Farmers State Bank | |
| Arts, entertainment and recreation | 2 | $395,000 | Farmers State Bank | |
| Finance and insurance | 2 | $63,650 | Farmers State Bank |