SBA 7(a) lenders in Fayette, IA
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
20 institutions have SBA 7(a) loans on record in Fayette, together $14.9M across 35 loans. Kerndt Brothers Savings Bank is the largest, with 34% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Kerndt Brothers Savings Bank | 4 | $5.0M | 33.6% | 0.00% |
| 2 | Farmers Savings Bank | 5 | $3.2M | 21.8% | 0.00% |
| 3 | BankIowa | 2 | $2.2M | 14.7% | 0.00% |
| 4 | Fidelity Bank & Trust | 3 | $620K | 4.2% | 0.00% |
| 5 | Bank 1st | 2 | $500K | 3.4% | 0.00% |
| 6 | Gulf Coast Bank and Trust Company | 1 | $471K | 3.2% | 0.00% |
| 7 | Bank Iowa | 3 | $383K | 2.6% | 0.00% |
| 8 | Lincoln Savings Bank | 1 | $360K | 2.4% | 0.00% |
| 9 | First Bank | 1 | $322K | 2.2% | 0.00% |
| 10 | Security State Bank | 1 | $318K | 2.1% | 0.00% |
| 11 | Cedar Rapids Bank and Trust Company | 1 | $276K | 1.9% | 0.00% |
| 12 | Iowa State Bank | 2 | $250K | 1.7% | 0.00% |
| 13 | Merchants Bank, National Association | 1 | $250K | 1.7% | 0.00% |
| 14 | Farmers State Bank | 2 | $207K | 1.4% | 0.00% |
| 15 | Luana Savings Bank | 1 | $180K | 1.2% | 0.00% |
| 16 | Community Bank of Oelwein | 1 | $149K | 1.0% | 0.00% |
| 17 | Community Savings Bank | 1 | $75K | 0.5% | 0.00% |
| 18 | Stearns Bank National Association | 1 | $47K | 0.3% | 0.00% |
| 19 | U.S. Bank, National Association | 1 | $30K | 0.2% | 0.00% |
| 20 | VelocitySBA, LLC | 1 | $15K | 0.1% | 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 | Health care & social assistance | 2 | $3.1M | 20.7% |
| 2 | Retail trade | 6 | $2.7M | 18.0% |
| 3 | Wholesale trade | 3 | $2.5M | 16.7% |
| 4 | Manufacturing | 3 | $2.3M | 15.3% |
| 5 | Accommodation & food services | 6 | $1.5M | 10.0% |
| 6 | Agriculture, forestry & fishing | 3 | $1.2M | 7.8% |
| 7 | Retail trade | 3 | $398K | 2.7% |
| 8 | Other services | 3 | $322K | 2.2% |
| 9 | Professional & technical services | 1 | $276K | 1.9% |
| 10 | Arts, entertainment & recreation | 1 | $250K | 1.7% |
| 11 | Finance & insurance | 1 | $200K | 1.3% |
| 12 | Transportation & warehousing | 1 | $128K | 0.9% |
| 13 | Manufacturing | 1 | $75K | 0.5% |
| 14 | Administrative & waste services | 1 | $47K | 0.3% |
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.