Iowa State Bank and Trust Company of Fairfield, Iowa
Iowa State Bank and Trust Company of Fairfield, Iowa is an active SBA lender in Iowa, a bank offering SBA-guaranteed small-business loans. Currently rated 4.9 stars across 23 Google reviews.
$6M
in SBA approvals since 2010
16
SBA loans funded
Dental Practices · Medical Practices & Clinics · General Retail
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Iowa State Bank and Trust Company of Fairfield, Iowa
Offering comprehensive banking services tailored to small businesses, this financial institution specializes in SBA loan programs to support growth and expansion. With a focus on the Fairfield community and surrounding areas, it provides personalized assistance for entrepreneurs seeking funding solutions. The bank's experienced team guides clients through the application process, ensuring clarity and efficiency. Whether you're starting a new venture or expanding an existing one, they offer flexible financing options, including SBA 7(a) loans, to meet diverse business needs. Their commitment to local economic development is reflected in their support for small business owners, providing funding up to $173,900 for qualifying projects. The bank's expertise in SBA lending makes it a reliable partner for businesses looking to leverage government-backed financing with favorable terms and conditions. They also offer guidance on eligibility, documentation, and repayment options, ensuring a smooth borrowing experience. With a focus on community growth, the bank fosters strong relationships with local entrepreneurs and provides tailored financial solutions to help businesses thrive in the competitive marketplace.
Industries Iowa State Bank and Trust Company of Fairfield, Iowa finances
Business types Iowa State Bank and Trust Company of Fairfield, Iowa actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Iowa State Bank and Trust Company of Fairfield, Iowa
What is this place and what can I find here?
This is a local bank that provides SBA loans and small business financing solutions to support entrepreneurs and community growth in Fairfield and surrounding areas.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours.
What are the hours of operation?
Iowa State Bank and Trust Company of Fairfield, Iowa operates Monday through Friday from 8:30 AM to 5:00 PM (CT), and Saturday from 9:00 AM to 12:00 PM (CT). Confirm current hours with the bank.
Is there a fee to use this?
There are no fees for simply visiting the bank; fees may apply for specific services or loan processing, which will be disclosed upfront.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners within the Fairfield community and surrounding regions.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 650 is generally preferred, but approval depends on overall financial health and collateral.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Yes, Iowa State Bank and Trust Company of Fairfield, Iowa is open on Saturday from 9:00 AM to 12:00 PM (CT), though closed on Sundays. Call (641) 472-3161 to confirm.
How do I get there and where do I park?
Iowa State Bank and Trust Company of Fairfield, Iowa is located in Iowa — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Iowa State Bank and Trust Company of Fairfield, Iowa, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Iowa State Bank and Trust Company of Fairfield, Iowa itself, which runs its own lending under its own ownership. If you work at Iowa State Bank and Trust Company of Fairfield, Iowa, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Iowa State Bank and Trust Company of Fairfield, Iowa — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Iowa State Bank and Trust Company of Fairfield, Iowa before applying. If you represent Iowa State Bank and Trust Company of Fairfield, Iowa, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Iowa State Bank and Trust Company of Fairfield, Iowa by phone at (641) 472-3161, online at myiowastatebank.com, or via the contact form at myiowastatebank.com/contact-us.html.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Iowa State Bank and Trust Company of Fairfield, Iowa most often finances businesses in dental practices. This reflects Iowa State Bank and Trust Company of Fairfield, Iowa's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Iowa State Bank and Trust Company of Fairfield, Iowa which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Iowa State Bank and Trust Company of Fairfield, Iowa participates in SBA Express depends on its specific SBA lending authority. Contact Iowa State Bank and Trust Company of Fairfield, Iowa and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Iowa State Bank and Trust Company of Fairfield, Iowa can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Iowa State Bank and Trust Company of Fairfield, Iowa's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Iowa State Bank and Trust Company of Fairfield, Iowa directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Iowa State Bank and Trust Company of Fairfield, Iowa what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Iowa State Bank and Trust Company of Fairfield, Iowa to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Iowa State Bank and Trust Company of Fairfield, Iowa to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Iowa State Bank and Trust Company of Fairfield, Iowa weighs this case by case under its own policy, so be upfront about your history and ask Iowa State Bank and Trust Company of Fairfield, Iowa how it evaluates prior bankruptcies.
