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SBA Loans in Spencer, IA

Explore recent SBA 7(a) and 504 lending activity in Spencer. See which lenders are active, what industries are getting funded, and how much capital is flowing into local small businesses.

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Total SBA loans
121
all programs
Approved $
$28.0M
last 24 months
Avg loan
$231K
median $245K
Active lenders
30
approved here
Jobs supported
708
cumulative

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SPENCER · 121 LOANS

Top lenders in Spencer

Northwest Bank
21
Bank of America, National Association
20
Siouxland Economic Development Corporation
14
Iowa Business Growth Company
11
Community State Bank
10
Farmers Trust and Savings Bank
8

Top industries in Spencer

Full-Service Restaurants
5
Commercial and Institutional Building Construction
3
Jewelry Stores
3
Limited-Service Restaurants
3
Limited-Service Restaurants
3
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Loan records · Spencer, IA
121 records
Sort:
Schoeneman Bros. Company
Spencer, IA · 51301
$1,808,000
504
Siouxland Economic Development Corporation$603K/job · 2021-08-11
Discover Spencer Hotel Group LLC
Spencer, IA · 51301
$1,483,000
504
Siouxland Economic Development Corporation2020-01-13
MIDSTATES BUILDERS, INC.
Spencer, IA · 51301
$1,327,500
7(a)
Community State Bank$51K/job · 2007-07-25
MIDSTATES BUILDERS, INC.
Spencer, IA · 51301
$1,195,000
7(a)
State Bank$60K/job · 2010-03-23
Lakes Area Funeral Service, Inc.
Spencer, IA · 51301
$1,030,000
504
Siouxland Economic Development Corporation$515K/job · 2026-01-29
Mine2hodl, LLC
Spencer, IA · 51301
$967,000
7(a)
Two Rivers Bank & Trust$193K/job · 2023-03-13
Specialty Archery LLC
Spencer, IA · 51301
$850,000
7(a)
Community State Bank$283K/job · 2013-12-30
Boji Builders, Inc.
Spencer, IA · 51301
$837,000
7(a)
Northwest Bank$32K/job · 2019-08-01
Janitor's Closet, LTD
Spencer, IA · 51301
$770,300
7(a)
Northwest Bank$15K/job · 2018-01-05
WESSELS OIL COMPANY, INC.
Spencer, IA · 51301
$687,000
7(a)
Community State Bank$86K/job · 2016-09-16
Norton Decor, LLC
Spencer, IA · 51301
$661,500
7(a)
Community State Bank$331K/job · 2016-09-28
STANTARD PRINTING AND DESIGN
Spencer, IA · 51301
$650,000
7(a)
Bank Midwest$22K/job · 2007-06-19
Ronald T. Hegel
Spencer, IA · 51301
$540,000
7(a)
State Bank$39K/job · 2014-06-03
3F Express LLC
Spencer, IA · 51301
$500,000
7(a)
Grasshopper Bank National Association$250K/job · 2025-03-04
GREAT LAKES AUTO PARTS, INC
Spencer, IA · 51301
$460,000
7(a)
Central Bank$77K/job · 2010-02-09
MARCOS MEXICAN CUISINE
Spencer, IA · 51301
$451,000
504
Siouxland Economic Development Corporation$27K/job · 2006-03-27
SCHMIDT PEDIATRIC DENTISTRY, P.C.
Spencer, IA · 51301
$409,400
7(a)
Community State Bank$136K/job · 2009-10-21
Speidel Flooring, LLC
Spencer, IA · 51301
$399,600
7(a)
U.S. Bank, National Association$57K/job · 2010-04-15
Papas in Spencer LLC
Spencer, IA · 51301
$388,800
7(a)
The First National Bank in Sioux Falls$39K/job · 2017-01-13
AMERICINN OF SPENCER
Spencer, IA · 51301
$340,000
504
Iowa Business Growth Company$38K/job · 1994-11-18
SUPER 8 MOTEL - ESTHERVILLE
Spencer, IA · 51301
$335,000
504
Iowa Business Growth Company$11K/job · 1995-07-20
MAURER MANUFACTURING, INC.
Spencer, IA · 51301
$319,000
504
Iowa Business Growth Company$9K/job · 1995-05-11
Midstates Builders Inc.
Spencer, IA · 51301
$315,000
504
Siouxland Economic Development Corporation2010-02-18
M.W. HART, INC.
Spencer, IA · 51301
$306,000
504
Iowa Business Growth Company$14K/job · 1994-05-10
CHEROKEE MOTEL INVESTORS
Spencer, IA · 51301
$302,000
504
Iowa Business Growth Company$38K/job · 1992-08-06
1–25 of 121
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