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BUSINESSES UNDER TWO YEARS OLD

SBA lenders that fund brand-new businesses in Iowa

Over the last five years 892 SBA loans in Iowa went to businesses under two years old, 40% of every approval in the state (9 points above the national rate). 471 of them were loans that opened the business in the first place.

Loans to new businesses
892
last 5 years
Lenders that said yes
151
active in Iowa
Median approval
$150K
$50K – $395K typical
Typical term
11 yr
92% were 7(a)

The 15 most active startup lenders in Iowa

Every lender here has approved loans for businesses under two years old in Iowa. The percentage is how much of their Iowa lending went to new businesses, which tells you whether they do it routinely or made an exception.

1
Cincinnati, OH
New-business loans
93
Share of their IA lending
41%
Typical loan
$92K
Last approval
Mar 2026
2
Waterloo, IA
New-business loans
57
Share of their IA lending
53%
Typical loan
$273K
Last approval
Mar 2026
3
Reinbeck, IA
New-business loans
47
Share of their IA lending
46%
Typical loan
$530K
Last approval
Jun 2025
4
Columbus, OH
New-business loans
40
Share of their IA lending
70%
Typical loan
$442K
Last approval
Mar 2026
5
Sioux Falls, SD
New-business loans
38
Share of their IA lending
90%
Typical loan
$237K
Last approval
Sep 2025
6
Ottumwa, IA
New-business loans
35
Share of their IA lending
60%
Typical loan
$120K
Last approval
Apr 2025
7
Spencer, IA
New-business loans
31
Share of their IA lending
57%
Typical loan
$386K
Last approval
Mar 2026
8
Green Bay, WI
New-business loans
30
Share of their IA lending
54%
Typical loan
$314K
Last approval
Mar 2026
9
Johnston, IA
New-business loans
30
Share of their IA lending
21%
Typical loan
$791K
Last approval
Mar 2026
10
Hills, IA
New-business loans
28
Share of their IA lending
62%
Typical loan
$239K
Last approval
Apr 2025
11
Ida Grove, IA
New-business loans
19
Share of their IA lending
44%
Typical loan
$303K
Last approval
Jan 2025
12
De Graff, OH
New-business loans
17
Share of their IA lending
74%
Typical loan
$273K
Last approval
Mar 2026
13
Cedar Rapids, IA
New-business loans
15
Share of their IA lending
71%
Typical loan
$356K
Last approval
Feb 2026
14
Burlington, IA
New-business loans
15
Share of their IA lending
60%
Typical loan
$354K
Last approval
Jun 2025
15
Manchester, IA
New-business loans
15
Share of their IA lending
48%
Typical loan
$339K
Last approval
Dec 2025
Ranked from public SBA approvals, not from lender marketing. Being listed is not an endorsement or a promise of approval, and no lender can pay to appear here.