SBA Loans for Machine Shops in Iowa: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Iowa. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Iowa
Median Loan Size
$900,000
per approval
Recent Activity
0
last 90 days through Apr 2023
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $900,000.
Key trends & insights
- Machine Shops in Iowa lending is concentrated — United Bank OF Iowa, Fortress Bank, Charter Bank together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- United Bank OF Iowa leads this industry with 1 approvals (25% market share) and a median loan of $350,000.
- Machine Shops in Iowa loans run larger than the SBA average — a $900,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2023-04-19 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Machine Shops in Iowa
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $350,000 | |
| 2 | 1 | $229,000 | |
| 3 | 1 | $1,450,000 | |
| 4 | 1 | $3,500,000 |
Recent SBA 7(a) approvals for Machine Shops in Iowa
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2023-04 | Fortress Bank | Mid*****LLC | Tipton, IA | $229,000 |
| 2022-08 | Community Savings Bank | The*****nc. | Cedar Rapids, IA | $3,500,000 |
| 2021-08 | United Bank of Iowa | Mik*****.C. | LAKE CITY, IA | $350,000 |
| 2020-02 | Charter Bank | Nix*****LLC | Des Moines, IA | $1,450,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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