SBA 7(a) lenders in Humboldt, IA
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
10 institutions have SBA 7(a) loans on record in Humboldt, together $9.2M across 22 loans. Bank Iowa is the largest, with 28% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Bank Iowa | 5 | $2.5M | 27.7% | 6.31% |
| 2 | Live Oak Banking Company | 1 | $1.7M | 18.5% | 0.00% |
| 3 | Central Bank | 1 | $1.5M | 16.3% | 0.00% |
| 4 | Northwest Bank | 4 | $1.4M | 14.9% | 0.00% |
| 5 | United Bank of Iowa | 1 | $600K | 6.5% | 59.42% |
| 6 | First State Bank | 6 | $452K | 4.9% | 0.00% |
| 7 | Nicolet National Bank | 1 | $442K | 4.8% | 0.00% |
| 8 | Heartland Bank | 1 | $300K | 3.3% | 0.00% |
| 9 | BankIowa | 1 | $167K | 1.8% | 0.00% |
| 10 | Power Co-Op Employees Credit Union | 1 | $128K | 1.4% | 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 | Other services | 2 | $2.0M | 21.7% |
| 2 | Retail trade | 2 | $1.6M | 17.7% |
| 3 | Arts, entertainment & recreation | 2 | $1.5M | 16.0% |
| 4 | Accommodation & food services | 4 | $941K | 10.2% |
| 5 | Transportation & warehousing | 1 | $888K | 9.6% |
| 6 | Transportation & warehousing | 7 | $752K | 8.2% |
| 7 | Information | 1 | $748K | 8.1% |
| 8 | Manufacturing | 1 | $600K | 6.5% |
| 9 | Wholesale trade | 1 | $120K | 1.3% |
| 10 | Retail trade | 1 | $60K | 0.7% |
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.