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Iowa · Manufacturing
SBA loans for manufacturing in Iowa
173 loans worth $106.7M approved since FY2010 for manufacturing projects located in Iowa.
Loans
173
Approved
$106.7M
Median loan
$250,000
+25% vs sector nationally
Median rate
6.00%
Jobs supported
1,851
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 manufacturing in Iowa
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Iowa Business Growth Company | 21 | $21.4M | |
| Black Hawk Economic Development, Inc. | 7 | $8.9M | |
| Readycap Lending, LLC | 4 | $7.9M | |
| Dakota Business Finance | 2 | $7.9M | |
| Siouxland Economic Development Corporation | 10 | $7.8M | |
| First Interstate Bank | 9 | $6.6M | |
| Hills Bank and Trust Company | 8 | $5.6M | |
| Nicolet National Bank | 4 | $3.5M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for manufacturing in Iowa since FY2010 was $250,000. 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.
Manufacturing nationally
21,271 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to manufacturing businesses in Iowa?
- 173 SBA loans totalling $106,702,500 have been approved for manufacturing projects in Iowa since FY2010.
- Which lenders finance manufacturing in Iowa?
- The most active by dollars approved are Iowa Business Growth Company, Black Hawk Economic Development, Inc., Readycap Lending, LLC, Dakota Business Finance. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for manufacturing in Iowa?
- The median approval is $250,000, 25% above the national median for this sector ($200,000).
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