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Iowa · Construction
SBA loans for construction in Iowa
946 loans worth $274.8M approved since FY2010 for construction projects located in Iowa.
Loans
946
Approved
$274.8M
Median loan
$109,400
+9% vs sector nationally
Median rate
6.50%
Jobs supported
9,128
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 construction in Iowa
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Lincoln Savings Bank | 20 | $22.5M | |
| Cedar Rapids Bank and Trust Company | 46 | $22.0M | |
| Iowa Business Growth Company | 36 | $11.9M | |
| City State Bank | 9 | $11.0M | |
| Farmers and Merchants Savings Bank | 17 | $10.6M | |
| Farmers State Bank | 50 | $10.1M | |
| Northwest Bank | 20 | $9.8M | |
| Newtek Small Business Finance, Inc. | 7 | $7.6M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for construction in Iowa since FY2010 was $109,400. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Iowa
8,069 loans across every sector.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in Iowa?
- 946 SBA loans totalling $274,847,300 have been approved for construction projects in Iowa since FY2010.
- Which lenders finance construction in Iowa?
- The most active by dollars approved are Lincoln Savings Bank, Cedar Rapids Bank and Trust Company, Iowa Business Growth Company, City State Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for construction in Iowa?
- The median approval is $109,400, 9% above the national median for this sector ($100,000).
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