SBA 7(a) lenders in Jefferson, IA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
13 institutions have SBA 7(a) loans on record in Jefferson, together $11.8M across 28 loans. Cedar Rapids Bank and Trust Company is the largest, with 28% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Cedar Rapids Bank and Trust Company | 4 | $3.3M | 27.7% | 0.00% |
| 2 | Live Oak Banking Company | 2 | $1.8M | 15.3% | 0.00% |
| 3 | First American Bank | 1 | $1.7M | 14.1% | 0.00% |
| 4 | Nicolet National Bank | 4 | $1.2M | 9.8% | 0.00% |
| 5 | Newtek Small Business Finance, Inc. | 1 | $1.0M | 8.5% | 0.00% |
| 6 | Washington State Bank | 1 | $786K | 6.7% | 0.00% |
| 7 | Hills Bank and Trust Company | 4 | $470K | 4.0% | 0.00% |
| 8 | Wells Fargo Bank National Association | 2 | $432K | 3.7% | 0.00% |
| 9 | Iowa State Bank | 1 | $395K | 3.4% | 0.00% |
| 10 | CDC Small Business Finance Corp. | 1 | $260K | 2.2% | 0.00% |
| 11 | Iowa State Bank and Trust Company of Fairfield, Iowa | 2 | $249K | 2.1% | 0.00% |
| 12 | Community 1st CU | 3 | $228K | 1.9% | 0.00% |
| 13 | U.S. Bank, National Association | 2 | $80K | 0.7% | 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 | $2.0M | 17.2% |
| 2 | Wholesale trade | 4 | $2.0M | 16.6% |
| 3 | Manufacturing | 1 | $1.7M | 14.1% |
| 4 | Other services | 4 | $1.6M | 13.9% |
| 5 | Professional & technical services | 4 | $1.5M | 12.8% |
| 6 | Information | 1 | $1.0M | 8.6% |
| 7 | Construction | 5 | $518K | 4.4% |
| 8 | Administrative & waste services | 2 | $488K | 4.1% |
| 9 | Accommodation & food services | 1 | $395K | 3.4% |
| 10 | Retail trade | 2 | $250K | 2.1% |
| 11 | Finance & insurance | 1 | $196K | 1.7% |
| 12 | Retail trade | 1 | $135K | 1.1% |
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.