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MAGNA BANK — SBA Loan Activity

Public SBA 7(a) and 504 lending activity for Magna Bank.

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OverviewRecent loansIndustriesGeography7(a) vs 504
Total SBA loans
5
2010 – 2025
Approved $
$827K
across all programs
Avg loan size
$165K
median $80K
Top industry
Restaurants
218 loans · 19%

7(a) vs 504

BY APPROVAL COUNT
7(a) · 100%
SBA 7(a)
Loans
5
Approved
$827K
Avg size
$165K
Range
$50K – $508K
SBA 504
Loans
0
Approved
$0
Avg size
$0
Range
—

Top industries funded

See all industries
Restaurants
218 loans
Dental practices
164 loans
Veterinary clinics
142 loans
Fitness centers
98 loans
Car washes
86 loans
Self-storage
74 loans
Loan records · MAGNA BANK
5 records
Sort:
DENNIS & LORRI SCHLUETER
Worthington, IA · 50278
$507,500
7(a)
MAGNA BANK1992-11-16
JO JO'S DAIRY QUEEN
Oelwein, IA · 50662
$121,000
7(a)
MAGNA BANK1993-07-08
ARTHURS FEED AND SEED
Arlington, IA · 50606
$80,000
7(a)
MAGNA BANK1992-07-17
SUBWAY
Monticello, IA · 52310
$68,000
7(a)
MAGNA BANK1990-11-28
OELWEIN ELEVATOR COMPANY
Oelwein, IA · 50662
$50,000
7(a)
MAGNA BANK1992-11-16
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Where MAGNA BANK lends

APPROVAL CONCENTRATION
TOP STATES
IA
5