86 SBA loans worth $40.9M went to businesses in West Des Moines, IA between October 2021 and June 2026, from 40 lenders. U.S. Bank made the most, 10 loans. The median loan was $221,500, compared with $200,000 across Iowa, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 10 | $638K | $35,000 | 90% |
| 2 | Lincoln Savings Bank Bank · Reinbeck, IA | 7 | $2.3M | $200,000 | 57% |
| 3 | Farmers State Bank Bank · Waterloo, IA | 6 | $2.3M | $210,250 | 33% |
| 4 | Northeast Bank Bank · Portland, ME | 6 | $718K | $100,000 | 0% |
| 5 | Huntington National Bank Bank · Columbus, OH | 5 | $1.4M | $285,000 | 80% |
| 6 | Newtek Bank Bank · Miami, FL | 4 | $1.2M | $300,000 | 0% |
| 7 | Northwest Bank Bank · Spencer, IA | 3 | $499K | $163,900 | 100% |
| 8 | Mortgage Capital Development Certified development company · Oakland, CA | 2 | $5.8M | $2,906,000 | 50% |
| 9 | Iowa Business Growth Certified development company · Johnston, IA | 2 | $2.8M | $1,423,500 | 50% |
| 10 | Live Oak Banking Bank · Wilmington, NC | 2 | $1.8M | $887,500 | 50% |
| 11 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $1.8M | $875,000 | 0% |
| 12 | Union Bank and Trust Bank · Lincoln, NE | 2 | $1.2M | $576,500 | 0% |
| 13 | BankVista Bank · Sartell, MN | 2 | $996K | $498,250 | 0% |
| 14 | State Savings Bank Bank · West Des Moines, IA | 2 | $656K | $327,850 | 50% |
| 15 | Pivotal Business Partners Certified development company · Des Moines, IA | 2 | $524K | $262,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 19 | $300,000 | Newtek Bank | |
| Professional and technical services | 16 | $151,000 | Northeast Bank | |
| Other services (repair, personal care) | 10 | $270,000 | Northwest Bank | |
| Retail | 9 | $100,000 | U.S. Bank | |
| Restaurants and hotels | 8 | $243,200 | Twin Cedars Bank | |
| Construction | 8 | $75,000 | U.S. Bank | |
| Administrative and support services | 7 | $200,000 | BankVista | |
| Manufacturing | 4 | $500,000 | Farmers State Bank |