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November 21, 2024  
 
 
  Business Loan Information  
 

Business Loan Des Moines, Iowa

 
Loan Census SBA Loan Info

Small business loans in Des Moines, Iowa are available. You just need to talk to the right bank.

This article is written specifically for entrepreneurs in Des Moines, Iowa who are interested in getting debt financing.

Local Des Moines Lending Resources

Without further adieu, here's our list of small business banks in Des Moines.

Small Business Bank Recent SBA Loans
ABN AMRO  
Banc Of America Investment Services- Inc  
Bank Annuity Partners LLC  
Bank Of America  
Bankers' Bank  
Bankers Trust  
Commercial Federal Bank  
Community St. Bank 2
Community State Bank 3
Des Moines Metro Cu 1
Earlham Savings Bank - Skywalk  
Federal Home Loan Bank  
Federal Reserve Bank of Chicago  
First American Bank 2
First Bank 1
First Security Bank  
Firstar Investment Services  
Fort Des Moines Community Bank  
Iowa State Bank 34
Lasalle National Bank  
Liberty Bank  
Mercantile Bank - Hubbell Office  
Mercantile Bank - Wakonda Office  
Mercantile Bank of Polk County - Merle Hay Office  
Metabank  
U S Bank Home Mortgage - Visit Any U S Bank Location  
Union Planters Bank NA - Banking Centers- Des Moines  
US Bank - Branch Offices- Des Moines- Des Moines-Merle Hay Office  
Wells Fargo Bank 14
West Bank  

Lenders for Des Moines Businesses

This is a list of banks outside of Des Moines, Iowa that have provided SBA loans to Des Moines businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
American Enterprise Bank
Buffalo Grove, IL
4
American State Bank
Osceola, IA
1
Bank Iowa
Altoona, IA
20
Bank Iowa
West Des Moines, IA
2
Bank Of America
Charlotte, NC
13
Bank Of The West
Omaha, NE
1
Bank Of The West
West Des Moines, IA
1
Business Loan Center, LLC
Richmond, VA
2
Capital One
Mclean, VA
5
Charter Bank
Johnston, IA
4
Cit Small Business Lending Corp
Golden, CO
3
Cit Small Business Lending Corp
Livingston, NJ
1
City State Bank
Norwalk, IA
4
Clarke County State Bank
Osceola, IA
1
Community Bank
Nevada, IA
1
Community St. Bank
Altoona, IA
1
Community St. Bank
Ankeny, IA
5
Community St. Bank
Johnston, IA
1
Exchange State Bank
Adair, IA
4
Fidelity Bank
West Des Moines, IA
3
First American Bank
Fort Dodge, IA
25
First American Bank
Fort Myers, FL
12
First American Bank
Urbandale, IA
1
First Bank
West Des Moines, IA
18
First State Bank Iowa
New Hampton, IA
2
Freedom Financial Bank
West Des Moines, IA
1
Great Western Bank
Carlisle, IA
1
Great Western Bank
Clive, IA
5
Great Western Bank
Omaha, NE
2
Horizon Bank
Pleasant Hill, IA
1
Iowa Bank
Bellevue, IA
1
Iowa State Bank
West Des Moines, IA
1
Kleinbank
Waconia, MN
1
Lehman Brothers Bank, FSB
Boston, MA
1
Liberty Bank, FSB
West Des Moines, IA
2
Metabank
Urbandale, IA
1
Mountain America Fcu
West Jordan, UT
1
Northwest Federal Savings Bank
Spencer, IA
3
Peoples Savings Bank
Indianola, IA
1
Polk County Bank
Johnston, IA
17
Polk County Bank
Polk City, IA
1
Regions Bank
Indianola, IA
1
State Savings Bank
West Des Moines, IA
2
Stearns Bank
Saint Cloud, MN
4
Suntrust Bank
Richmond, VA
1
Temecula Valley Bank
Temecula, CA
1
U.S. Bank National Association
Cincinnati, OH
36
U.S. Bank National Association
San Diego, CA
1
Union State Bank
Winterset, IA
1
Ups Capital Business Credit
Windsor, CT
1
Vantus Bank
Sioux City, IA
2
Vantus Bank
West Des Moines, IA
2
Veridian Cu
Waterloo, IA
1
Wells Fargo Bank
Minneapolis, MN
11
Wells Fargo Bank
San Jose, CA
26
Wells Fargo Bank
Sioux Falls, SD
1
West Bank
West Des Moines, IA
28

Tips for Getting a Business Loan in Des Moines

As a prerequisite to meeting with banks to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the loan is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as the equity in your home. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list are SBA lenders. Before meeting with the banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

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