Limited-Service Restaurants: SBA acquisition loans in Iowa
10 SBA-financed business acquisitions in Iowa classified as Limited-Service Restaurants, FY2024–FY2026. Median loan $382K. See which lenders did them.
- Acquisitions financed
- 10
- Total approved
- $6.4M
- Median loan
- $382K
- Middle half of loans
- $149K to $467K
- Median starting rate
- 9.38%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Northwest Bank | 2 | 20% | $121K | $241K |
| 2 | OptimumBank | 1 | 10% | $2.8M | $2.8M |
| 3 | Atlantic Union Bank | 1 | 10% | $1.5M | $1.5M |
| 4 | Community Bank of Oelwein | 1 | 10% | $470K | $470K |
| 5 | United Community Bank | 1 | 10% | $460K | $460K |
| 6 | Centerstone SBA Lending, Inc. | 1 | 10% | $395K | $395K |
| 7 | First Mid Bank & Trust, National Association | 1 | 10% | $370K | $370K |
| 8 | Truliant FCU | 1 | 10% | $235K | $235K |
| 9 | Twin Cedars Bank | 1 | 10% | $10K | $10K |
For comparison, the same industry nationwide: 826 loans, median $414K, median starting rate 9.50%. See Limited-Service Restaurants in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.