SBA 7(a) Loans in Des Moines, IA
Find lenders offering sba 7(a) loans in the Des Moines, including West Des Moines, Ankeny, Ames, and surrounding areas. Compare rates, terms, and programs from 45 lenders.
Which SBA 7(a) lenders serve Des Moines?
45 lenders offering sba 7(a) loans in the Des Moines, IA area.
Northwest Bank
Local SBASPENCER, IA
City State Bank
Local SBANORWALK, IA
MidWestOne Bank
Local SBAIOWA CITY, IA
Farmers and Merchants Savings Bank
Local SBAMANCHESTER, IA
Bankers Trust Company
Local SBADES MOINES, IA
Citizens State Bank
Local SBAMonticello, IA
Quad City Bank and Trust Company
Local SBABETTENDORF, IA
Bank Iowa
Local SBAWEST DES MOINES, IA
Central Bank
Local SBASTORM LAKE, IA
Community Savings Bank
Local SBAEDGEWOOD, IA
Farmers State Bank
Local SBAWATERLOO, IA
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
Newtek Bank, National Association
SBAMiami, FL
Technology-driven SBA preferred lender providing 7(a) loans to small and medium-sized businesses nationwide. Part of Newtek Business Services Corp, offering integrated business solutions including lending, payments, and technology services.
U.S. Bank, National Association
SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
What does the Des Moines commercial real estate market look like?
Des Moines is the insurance capital of the U.S., hosting the headquarters or major operations of Principal Financial Group, Nationwide, EMC Insurance, and over 80 other insurance and financial services companies, which anchor the metro's office market. The Western Gateway and East Village neighborhoods downtown have attracted adaptive reuse and new mixed-use development, while the Jordan Creek corridor in West Des Moines has emerged as the primary suburban office and retail hub. The metro has become a significant data center market, with Microsoft and Meta operating large campuses in Altoona and West Des Moines. Industrial demand centers on the U.S. 65 and I-80/I-35 interchange corridors, which offer central U.S. distribution positioning.
Key Economic Drivers
- ●Insurance and financial services headquarters cluster including Principal, Nationwide, and EMC
- ●Microsoft and Meta data center campuses in Altoona and West Des Moines
- ●Jordan Creek and Mills Civic Parkway suburban office and retail corridor
- ●I-80/I-35 interchange logistics and distribution operations
Market Insight
Iowa's High Quality Jobs Program offers significant tax incentives — including investment tax credits and sales tax refunds — for CRE projects that create jobs paying at least 120% of the county average wage, and Des Moines has been one of the most active metros for program utilization.
How do sba 7(a) loans work in Des Moines, Iowa?
SBA 7(a) loans are the most common SBA loan program, offering up to $5 million for working capital, equipment, real estate, business acquisition, and refinancing. Backed by the U.S. Small Business Administration, they offer competitive rates and longer terms than conventional business loans. In the Des Moines metro area, borrowers can access 45 lenders offering SBA 7(a) financing, including West Des Moines, Ankeny, Ames, and surrounding areas. Loan amounts typically range from $25K to $5M with rates from Prime + 1.5% to 3.75%.
Who should consider sba 7(a) loans?
- Small business owners
- Business acquisitions
- Working capital needs
- Commercial real estate purchase
What are the key requirements?
- For-profit business operating in the US
- Owner has invested equity
- Exhausted other financing options
- No delinquent government debt
- Credit score: 680+
Advantages
- ✓Low down payment (as low as 10%)
- ✓Competitive interest rates
- ✓Long repayment terms
- ✓Can be used for many purposes
Considerations
- •Lengthy application process
- •Extensive documentation required
- •Personal guarantee required
- •Collateral often needed
SBA 7(a) Loans in Des Moines FAQ
How many SBA 7(a) lenders serve Des Moines, IA? ▼
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