SBA Loans for Hotels (except Casino Hotels) and Motels in Iowa: Top Lenders
NAICS 721NAICS 721 covers hotels (except casino hotels) and motels businesses in Iowa. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Iowa
Median Loan Size
$400,000
per approval
Recent Activity
0
last 90 days through Nov 2024
NAICS 721 covers hotels (except casino hotels) and motels businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $400,000.
Key trends & insights
- Hotels (except Casino Hotels) and Motels in Iowa lending is concentrated — United Bank OF Iowa, Shoreham Bank, Newtek Small Business Finance, INC. together account for 60% of all approvals. If you're in this industry, these are your highest-probability lenders.
- United Bank OF Iowa leads this industry with 1 approvals (20% market share) and a median loan of $120,000.
- SBA data for this industry goes through 2024-11-29 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Hotels (except Casino Hotels) and Motels in Iowa
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $120,000 | |
| 2 | 1 | $221,000 | |
| 3 | 1 | $400,000 | |
| 4 | 1 | $1,510,000 | |
| 5 | 1 | $1,507,000 |
Recent SBA 7(a) approvals for Hotels (except Casino Hotels) and Motels in Iowa
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-11 | Shoreham Bank | Gan*****LLC | TRAER, IA | $221,000 |
| 2024-11 | United Bank of Iowa | Arb*****LLC | IDA GROVE, IA | $120,000 |
| 2024-04 | Readycap Lending, LLC | D&F*****LLC | ESTHERVILLE, IA | $1,000,000 |
| 2023-05 | OakStar Bank | SHR*****LLC | SHELDON, IA | $1,510,000 |
| 2021-07 | Newtek Small Business Finance, Inc. | Har*****Inn | CHARLES CITY, IA | $400,000 |
| 2021-07 | GBank | SIV*****LLC | CLIVE, IA | $2,840,000 |
| 2021-04 | First Western SBLC, Inc | Vah*****nc. | TOLEDO, IA | $981,000 |
| 2020-04 | Touchmark National Bank | Neb*****LLC | CLINTON, IA | $3,650,000 |
| 2020-02 | Millennium Bank | Har*****LLC | Burlington, IA | $1,507,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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