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Iowa · Education
SBA loans for education in Iowa
77 loans worth $23.6M approved since FY2010 for educational services projects located in Iowa.
Loans
77
Approved
$23.6M
Median loan
$150,000
+0% vs sector nationally
Median rate
6.25%
Jobs supported
687
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 education in Iowa
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Iowa Business Growth Company | 13 | $5.4M | |
| Climate First Bank | 2 | $3.8M | |
| Lincoln Savings Bank | 3 | $2.6M | |
| Farmers State Bank | 9 | $1.9M | |
| Wells Fargo Bank | 8 | $1.7M | |
| Liberty Bank | 2 | $1.6M | |
| Cedar Rapids Bank and Trust Company | 4 | $1.3M | |
| Siouxland Economic Development Corporation | 2 | $733K |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for education in Iowa since FY2010 was $150,000. 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.
Education nationally
15,349 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to education businesses in Iowa?
- 77 SBA loans totalling $23,583,200 have been approved for educational services projects in Iowa since FY2010.
- Which lenders finance education in Iowa?
- The most active by dollars approved are Iowa Business Growth Company, Climate First Bank, Lincoln Savings Bank, Farmers State Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for education in Iowa?
- The median approval is $150,000.
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