SBA 7(a) lenders in Clay, IA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
18 institutions have SBA 7(a) loans on record in Clay, together $11.8M across 44 loans. Northwest Bank is the largest, with 26% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Northwest Bank | 17 | $3.0M | 25.7% | 0.00% |
| 2 | Community State Bank | 6 | $2.8M | 23.8% | 0.00% |
| 3 | State Bank | 2 | $1.7M | 14.8% | 15.37% |
| 4 | First Mid Bank & Trust, National Association | 1 | $967K | 8.2% | 0.00% |
| 5 | Grasshopper Bank National Association | 1 | $500K | 4.3% | 0.00% |
| 6 | U.S. Bank, National Association | 3 | $475K | 4.0% | 0.00% |
| 7 | Central Bank | 1 | $460K | 3.9% | 40.66% |
| 8 | Availa Bank | 1 | $400K | 3.4% | 0.00% |
| 9 | The First National Bank in Sioux Falls | 1 | $389K | 3.3% | 0.00% |
| 10 | Northeast Bank | 1 | $250K | 2.1% | 0.00% |
| 11 | Security State Bank | 1 | $235K | 2.0% | 0.00% |
| 12 | Bank Midwest | 1 | $152K | 1.3% | 0.00% |
| 13 | Readycap Lending, LLC | 2 | $95K | 0.8% | 0.00% |
| 14 | Manufacturers and Traders Trust Company | 1 | $77K | 0.7% | 0.00% |
| 15 | Farmers Savings Bank | 1 | $77K | 0.7% | 0.00% |
| 16 | Capital One National Association | 2 | $65K | 0.6% | 36.76% |
| 17 | Celtic Bank Corporation | 1 | $60K | 0.5% | 0.00% |
| 18 | VelocitySBA, LLC | 1 | $5K | 0.0% | 83.30% |
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 | 8 | $2.6M | 22.3% |
| 2 | Wholesale trade | 5 | $2.3M | 19.8% |
| 3 | Construction | 7 | $2.2M | 18.7% |
| 4 | Transportation & warehousing | 3 | $1.1M | 9.8% |
| 5 | Real estate & leasing | 2 | $1.1M | 9.8% |
| 6 | Health care & social assistance | 6 | $941K | 8.0% |
| 7 | Accommodation & food services | 3 | $641K | 5.4% |
| 8 | Arts, entertainment & recreation | 1 | $235K | 2.0% |
| 9 | Educational services | 3 | $212K | 1.8% |
| 10 | Professional & technical services | 3 | $110K | 0.9% |
| 11 | Other services | 1 | $65K | 0.6% |
| 12 | Administrative & waste services | 1 | $60K | 0.5% |
| 13 | Public administration | 1 | $45K | 0.4% |
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.