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SBA Loans for Electrical Contractors in Iowa: Top Lenders

NAICS 238

NAICS 238 covers electrical contractors businesses in Iowa. Based on historical SBA 7(a) lending data.

Total Approvals

30

in Iowa

Median Loan Size

$105,500

per approval

Recent Activity

1

last 90 days through Nov 2025

NAICS 238 covers electrical contractors businesses. This is a smaller category in SBA 7(a) lending with 30 approvals on record and a median loan size of $105,500.

Key trends & insights

  • Electrical Contractors in Iowa lending is concentrated — U.s. Bank, National Association, Citizens First Bank, West Bank together account for 50% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • U.s. Bank, National Association leads this industry with 8 approvals (27% market share) and a median loan of $30,000.
  • Electrical Contractors in Iowa loans skew smaller than the SBA average at $105,500 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 Electrical Contractors in Iowa

#LenderApprovalsMedian Size
1
U.s. Bank, National Association
8$30,000
2
Citizens First Bank
5$131,700
3
West Bank
2$105,000
4
Lincoln Savings Bank
2$209,000
5
City State Bank
2$1,950,000
6
NSB Bank
1$76,000
7
Northeast Bank
1$50,000
8
Central Bank
1$200,000
9
First Bank OF THE Lake
1$375,000
10
First Interstate Bank
1$540,000
11
Readycap Lending, LLC
1$350,000
12
Union Bank AND Trust Company
1$100,000
13
Bayfirst National Bank
1$70,000
14
Hills Bank AND Trust Company
1$100,000
15
Keystone Savings Bank
1$1,500,000
16
Clear Lake Bank & Trust Company
1$399,000

Recent SBA 7(a) approvals for Electrical Contractors in Iowa

MonthLenderBorrowerAmount
2025-11Central BankPre*****LLC$200,000
2025-01U.S. Bank, National AssociationCON*****LLC$30,000
2024-10Northeast BankBES*****INC$50,000
2024-04U.S. Bank, National AssociationULT*****LLC$30,000
2024-02Clear Lake Bank & Trust CompanyAdv*****LLC$399,000
2024-02First Bank of the LakeMig*****nes$375,000
2024-02Union Bank and Trust CompanySUM*****LLC$100,000
2024-02BayFirst National BankSED*****.C.$70,000
2024-01U.S. Bank, National AssociationDEE*****LLC$20,500
2023-05Hills Bank and Trust CompanyInn*****nc.$100,000
2023-04Citizens First BankRiv*****LLC$247,500
2023-01Readycap Lending, LLCSTA*****LLC$350,000
2022-11Citizens First BankJac*****LLC$185,000
2022-11Citizens First BankJac*****LLC$115,000
2022-06U.S. Bank, National AssociationBID*****RIC$20,000
2021-11Lincoln Savings BankT.J*****.C.$220,000
2021-08U.S. Bank, National AssociationSOE*****INC$40,000
2021-06NSB BankMid*****LLC$76,000
2021-05City State BankSys*****Inc$1,400,000
2021-04Lincoln Savings BankHui*****LLC$198,000
2021-02West BankDut*****nly$100,000
2021-02West BankDut*****nly$110,000
2020-11U.S. Bank, National AssociationSCP*****LLC$30,000
2020-08City State BankWol*****nc.$2,500,000
2020-08Citizens First BankEve*****.C.$131,700
2020-08Citizens First BankEve*****.C.$101,000
2020-06First Interstate BankGid*****nc.$540,000
2020-05U.S. Bank, National AssociationHAU*****LLC$49,500
2020-05Keystone Savings BankBDC*****nc.$1,500,000
2020-03U.S. Bank, National AssociationSTA*****RIC$25,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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