SBA Loans for Motor Vehicle Towing in Iowa: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Iowa. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Iowa
Median Loan Size
$70,000
per approval
Recent Activity
1
last 90 days through Nov 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $70,000.
Key trends & insights
- Motor Vehicle Towing in Iowa lending is concentrated — U.s. Bank, National Association, Midstates Bank, National Association, Farmers AND Merchants Savings Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- U.s. Bank, National Association leads this industry with 2 approvals (50% market share) and a median loan of $17,500.
- Motor Vehicle Towing in Iowa loans skew smaller than the SBA average at $70,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Motor Vehicle Towing in Iowa
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $17,500 | |
| 2 | 1 | $115,000 | |
| 3 | 1 | $150,000 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Iowa
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | U.S. Bank, National Association | RAP*****LLC | FAIRFAX, IA | $10,000 |
| 2025-03 | Midstates Bank, National Association | Str*****LLC | LE MARS, IA | $115,000 |
| 2025-01 | U.S. Bank, National Association | TSJ*****.C. | ANKENY, IA | $25,000 |
| 2020-06 | Farmers and Merchants Savings Bank | Yet*****LLC | IOWA CITY, IA | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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