SBA Loans for Electrical Contractors in Iowa: Top Lenders
NAICS 238NAICS 238 covers plumbing, heating, and air-conditioning 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 plumbing, heating, and air-conditioning 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
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 8 | $30,000 | |
| 2 | 5 | $131,700 | |
| 3 | 2 | $105,000 | |
| 4 | 2 | $209,000 | |
| 5 | 2 | $1,950,000 | |
| 6 | 1 | $76,000 | |
| 7 | 1 | $50,000 | |
| 8 | 1 | $200,000 | |
| 9 | 1 | $375,000 | |
| 10 | 1 | $540,000 | |
| 11 | 1 | $350,000 | |
| 12 | 1 | $100,000 | |
| 13 | 1 | $70,000 | |
| 14 | 1 | $100,000 | |
| 15 | 1 | $1,500,000 | |
| 16 | 1 | $399,000 |
Recent SBA 7(a) approvals for Electrical Contractors in Iowa
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | U.S. Bank, National Association | 1 E*****LLC | BURLINGTON, IA | $45,000 |
| 2025-11 | Central Bank | Pre*****LLC | SPIRIT LAKE, IA | $200,000 |
| 2025-11 | U.S. Bank, National Association | BRA*****LLC | WEST BRANCH, IA | $22,000 |
| 2025-09 | U.S. Bank, National Association | HEA*****LLC | WDM, IA | $50,000 |
| 2025-07 | Northwest Bank | Mer*****LLC | SAINT CHARLES, IA | $50,000 |
| 2025-07 | BayFirst National Bank | TRI*****NC. | LAWTON, IA | $150,000 |
| 2025-07 | U.S. Bank, National Association | PAI*****LLC | ANKENY, IA | $30,000 |
| 2025-05 | U.S. Bank, National Association | HOM*****LLC | JOHNSTON, IA | $50,000 |
| 2025-05 | U.S. Bank, National Association | T A*****LLC | WEST BURLINGTON, IA | $100,000 |
| 2025-04 | U.S. Bank, National Association | ULT*****LLC | BOONE, IA | $25,000 |
| 2025-04 | Lendistry SBLC, LLC | DUR*****NC. | Webster City, IA | $222,700 |
| 2025-03 | U.S. Bank, National Association | MAX*****LLC | COUNCIL BLUFFS, IA | $25,900 |
| 2025-03 | U.S. Bank, National Association | FOR*****LLC | DES MOINES, IA | $25,000 |
| 2025-03 | U.S. Bank, National Association | MAX*****LLC | COUNCIL BLUFFS, IA | $26,000 |
| 2025-03 | Alerus Financial, National Association | Pfe*****any | Ankeny, IA | $241,000 |
| 2025-02 | U.S. Bank, National Association | SIL*****ONS | URBANDALE, IA | $35,000 |
| 2025-02 | Truliant FCU | Dig*****LLC | CUMMING, IA | $3,250,000 |
| 2025-01 | UMB Bank, National Association | 110*****LLC | COUNCIL BLUFFS, IA | $807,500 |
| 2025-01 | UMB Bank, National Association | McI*****nc. | COUNCIL BLUFFS, IA | $200,000 |
| 2025-01 | U.S. Bank, National Association | CON*****LLC | SIOUX CITY, IA | $30,000 |
| 2025-01 | U.S. Bank, National Association | KRE*****LLC | CEDAR FALLS, IA | $50,000 |
| 2024-12 | U.S. Bank, National Association | WUL*****LLC | SABULA, IA | $50,000 |
| 2024-12 | U.S. Bank, National Association | AND*****LLC | INDIANOLA, IA | $34,000 |
| 2024-11 | Raccoon Valley Bank | Evo*****LLC | Indianola, IA | $1,000,000 |
| 2024-11 | JPMorgan Chase Bank, National Association | Act*****Llc | COUNCIL BLUFFS, IA | $50,000 |
| 2024-10 | Levo Federal Credit Union | Cam*****LLC | SIOUX CITY, IA | $25,000 |
| 2024-10 | Northeast Bank | BES*****INC | Des Moines, IA | $50,000 |
| 2024-10 | Community 1st CU | GBA*****.C. | KEOTA, IA | $50,000 |
| 2024-10 | Community 1st CU | GBA*****.C. | KEOTA, IA | $360,000 |
| 2024-09 | Hills Bank and Trust Company | Hun*****LLC | LISBON, IA | $40,000 |
| 2024-09 | Hills Bank and Trust Company | GBA*****.C. | KEOTA, IA | $200,000 |
| 2024-09 | Hills Bank and Trust Company | GBA*****.C. | KEOTA, IA | $145,000 |
| 2024-09 | Hills Bank and Trust Company | GBA*****.C. | KEOTA, IA | $100,000 |
| 2024-08 | U.S. Bank, National Association | COL*****TRY | OTTUMWA, IA | $25,000 |
| 2024-07 | U.S. Bank, National Association | MIC***** CO | VINTON, IA | $15,000 |
| 2024-07 | Northeast Bank | AC *****LLC | Keokuk, IA | $250,000 |
| 2024-07 | Northeast Bank | ELE*****.C. | Granger, IA | $50,000 |
| 2024-06 | United Midwest Savings Bank National Association | Lor*****ids | North Liberty, IA | $150,000 |
| 2024-05 | U.S. Bank, National Association | MIL*****LLC | LORIMOR, IA | $50,000 |
| 2024-05 | U.S. Bank, National Association | COL*****TRY | OTTUMWA, IA | $15,000 |
| 2024-04 | Lendistry SBLC, LLC | GLA*****.C. | Davenport, IA | $150,000 |
| 2024-04 | U.S. Bank, National Association | ULT*****LLC | INDIANOLA, IA | $30,000 |
| 2024-03 | U.S. Bank, National Association | NEO*****LLC | MALVERN, IA | $29,000 |
| 2024-03 | BayFirst National Bank | BOL*****INC | CASCADE, IA | $150,000 |
| 2024-02 | Clear Lake Bank & Trust Company | Adv*****ent | MASON CITY, IA | $100,000 |
| 2024-02 | Union Bank and Trust Company | SUM*****LLC | WEST DES MOINES, IA | $1,053,000 |
| 2024-02 | Clear Lake Bank & Trust Company | Adv*****LLC | MASON CITY, IA | $399,000 |
| 2024-02 | First Bank of the Lake | Mig*****nes | WAUKEE, IA | $375,000 |
| 2024-02 | Union Bank and Trust Company | SUM*****LLC | WEST DES MOINES, IA | $100,000 |
| 2024-02 | Northeast Bank | CEN*****NC. | CLIVE, IA | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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