Iowa · Restaurants & Hotels
SBA loans for restaurants & hotels in Iowa
1,184 loans worth $618.1M approved since FY2010 for accommodation and food services projects located in Iowa.
Loans
1,184
Approved
$618.1M
Median loan
$250,000
-17% vs sector nationally
Median rate
6.00%
Jobs supported
20,534
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Who lends to restaurants & hotels in Iowa
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Iowa Business Growth Company | 75 | $67.8M | |
| Siouxland Economic Development Corporation | 65 | $61.2M | |
| Lincoln Savings Bank | 37 | $20.7M | |
| First Interstate Bank | 27 | $18.7M | |
| GBank | 8 | $17.9M | |
| Dakota Business Finance | 15 | $17.3M | |
| E.C.I.A. Business Growth, Inc. | 11 | $16.9M | |
| Farmers State Bank | 59 | $15.3M |
Detail
Which industries inside the sector
All SBA lending in Iowa
8,069 loans across every sector.
Restaurants & Hotels nationally
137,471 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to restaurants & hotels businesses in Iowa?
- 1,184 SBA loans totalling $618,080,600 have been approved for accommodation and food services projects in Iowa since FY2010.
- Which lenders finance restaurants & hotels in Iowa?
- The most active by dollars approved are Iowa Business Growth Company, Siouxland Economic Development Corporation, Lincoln Savings Bank, First Interstate Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for restaurants & hotels in Iowa?
- The median approval is $250,000, 17% below the national median for this sector ($300,000).
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