SBA 7(a) lenders in Cerro Gordo, IA

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

28 institutions have SBA 7(a) loans on record in Cerro Gordo, together $68.9M across 252 loans. NSB Bank is the largest, with 34% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	NSB Bank	50	$23.7M	34.3%	0.55%
2	Clear Lake Bank & Trust Company	135	$20.8M	30.2%	0.00%
3	First Citizens Bank	24	$6.8M	9.9%	18.26%
4	BMO Bank National Association	1	$5.0M	7.3%	0.00%
5	Iowa State Bank	2	$1.9M	2.7%	0.00%
6	United Community Bank	1	$1.6M	2.4%	0.00%
7	First Interstate Bank	1	$1.5M	2.1%	0.00%
8	BankUnited, National Association	1	$1.5M	2.1%	0.00%
9	Celtic Bank Corporation	2	$1.1M	1.6%	0.00%
10	PNC Bank, National Association	1	$830K	1.2%	0.00%
11	City National Bank of Florida	1	$500K	0.7%	0.00%
12	Kasson State Bank	2	$494K	0.7%	0.00%
13	Wells Fargo Bank National Association	3	$441K	0.6%	76.32%
14	The State Bank of Faribault	1	$360K	0.5%	0.00%
15	Farmers State Bank	1	$350K	0.5%	0.00%
16	United Bank and Trust Company	1	$330K	0.5%	0.00%
17	Cedar Rapids Bank and Trust Company	1	$256K	0.4%	0.00%
18	U.S. Bank, National Association	11	$250K	0.4%	3.88%
19	Bank Iowa	1	$240K	0.3%	0.00%
20	United Midwest Savings Bank National Association	2	$200K	0.3%	0.00%
21	Bankers Trust Company	2	$185K	0.3%	0.00%
22	Lendistry SBLC, LLC	1	$150K	0.2%	0.00%
23	BayFirst National Bank	1	$150K	0.2%	83.91%
24	Union State Bank	1	$135K	0.2%	0.00%
25	Northeast Bank	1	$125K	0.2%	0.00%
26	Reliance State Bank	1	$80K	0.1%	0.00%
27	Bank of America, National Association	1	$20K	0.0%	0.00%
28	VelocitySBA, LLC	2	$13K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Retail trade	39	$18.2M	26.4%
2	Accommodation & food services	36	$12.0M	17.5%
3	Construction	38	$7.8M	11.4%
4	Other services	27	$6.4M	9.3%
5	Health care & social assistance	13	$4.8M	7.0%
6	Wholesale trade	9	$3.4M	5.0%
7	Manufacturing	7	$2.6M	3.8%
8	Administrative & waste services	17	$2.6M	3.7%
9	Manufacturing	6	$2.3M	3.3%
10	Agriculture, forestry & fishing	4	$2.0M	2.9%
11	Arts, entertainment & recreation	19	$2.0M	2.9%
12	Real estate & leasing	6	$1.9M	2.8%
13	Professional & technical services	8	$1.0M	1.5%
14	Retail trade	10	$549K	0.8%
15	Transportation & warehousing	5	$432K	0.6%
16	Finance & insurance	2	$385K	0.6%
17	Educational services	2	$204K	0.3%
18	Manufacturing	2	$165K	0.2%
19	Information	2	$60K	0.1%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.