Feasibility Study Data for the Cedar Rapids, IA Metro Area
What SBA's own loan files show about lending in the Cedar Rapids, IA Metro Area, every asset class together, and what a feasibility study for a project there has to test.
Cedar Rapids: volume, rank and loan size
The Cedar Rapids metro area logged 469 approved loans and $242.4 million in FY2017 to FY2026. Its loan-count rank is 174 of 928; Cedar Rapids is one of those areas. Cedar Rapids loans center on $200,000, the median. Cedar Rapids sees its middle half between $89,000 and $519,000. Against the national median, Cedar Rapids comes to 0.96x. Cedar Rapids splits into 401 loans under 7(a) and 68 under 504. Cedar Rapids shows a franchise share of 13.0%. Those 469 Cedar Rapids loans carry $242.4 million.
Cedar Rapids: asset mix and geography
Class by class, Cedar Rapids shows full-service restaurant (22), coffee shop and snack bar (15), and limited-service restaurant (14) on top. Next in Cedar Rapids comes automotive mechanical repair at 12 loans. 339 Cedar Rapids loans sit in no tracked class. Most Cedar Rapids credit is general business lending. SBA assigns Cedar Rapids loans mostly to Linn County, IA (423), Benton County, IA (24), and Jones County, IA (22).
Cedar Rapids: the lender side
In Cedar Rapids, a holder can differ from the maker. Cedar Rapids lists, for 7(a), Cedar Rapids Bank and Trust Company (54 loans, $31.0 million), U.S. Bank, National Association (41 loans, $1.6 million), and Farmers State Bank (IA) (30 loans, $4.8 million). Cedar Rapids 504 holders include Iowa Business Growth Company (35 loans, $17.8 million) and Black Hawk Economic Development, Inc. (18 loans, $13.8 million). For a Cedar Rapids borrower, the rows are context only. Cedar Rapids rows promise no one a loan.
Cedar Rapids: cancellations and charge-offs
A floor of 8.0% describes Cedar Rapids cancellations on FY2017 to FY2024 approvals. The Cedar Rapids ceiling is 9.5%, counting undisbursed loans as cancelled. Charged off to date in Cedar Rapids: 3.8%, a floor, across 238 disbursed loans of FY2017 to FY2021. Cedar Rapids withholds a five-year rate: Cedar Rapids loans are too few. Cedar Rapids rates are floors. Loans season, and Cedar Rapids events can still raise them. Cedar Rapids loans are placed by county name. Cedar Rapids follows the July 2023 delineation. Cedar Rapids omits loans with no county match. Cedar Rapids totals hold untracked-class loans too.
Cedar Rapids: study points
Cedar Rapids volume ranged from 36 loans in FY2018 to 69 in FY2017, the latter for $20.8 million. FY2026 closes the Cedar Rapids series at 39 loans, $16.0 million. A Cedar Rapids feasibility study tests demand first, from Linn County, IA outward, not from the area average. Cost follows in Cedar Rapids: site, build and equipment priced against a $200,000 median. Cedar Rapids is 0.96x of the national one. Cedar Rapids coverage is stressed with slower ramp-up. Cedar Rapids reviewers will weigh the floors above. Cedar Rapids value is tested against cost by appraisal. Cedar Rapids comparables decide how. Absorption near Linn County, IA is tested for Cedar Rapids on a slow case. Beside Linn County, IA findings, the Cedar Rapids study lists what it could not test.
SBA loans in the Cedar Rapids, IA Metro Area
| Loans approved, FY2017 to FY2026 | 469 |
|---|---|
| Gross dollars approved | $242.4 million |
| Median loan | $200,000 |
| Middle half of loans, from | $89,000 |
| Middle half of loans, to | $519,000 |
| SBA 7(a) loans | 401 |
| SBA 504 loans | 68 |
| Franchise share of loans | 13.0% |
| Rank among metro and micro areas by loans | 174 of 928 |
| Median loan against the national median | 0.96x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 8.0% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 9.5% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 3.8% |
| Charged off within five years of approval | withheld |
| Loans in that cohort | 238 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA loans approved in the Cedar Rapids, IA Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 69 | $20.8 million |
| FY2018 | 36 | $13.4 million |
| FY2019 | 49 | $19.5 million |
| FY2020 | 55 | $41.8 million |
| FY2021 | 48 | $39.1 million |
| FY2022 | 39 | $30.0 million |
| FY2023 | 46 | $16.7 million |
| FY2024 | 46 | $23.5 million |
| FY2025 | 42 | $21.6 million |
| FY2026 | 39 | $16.0 million |
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 339 |
| Full-service restaurant | 22 |
| Coffee shop and snack bar | 15 |
| Limited-service restaurant | 14 |
| Automotive mechanical repair (car and truck) | 12 |
| Hotel and motel | 9 |
| Fitness center | 9 |
| Beauty salon | 9 |
| Child care center | 6 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Iowa Business Growth Company | 35 | $17.8 million |
| Black Hawk Economic Development, Inc. | 18 | $13.8 million |
| E.C.I.A. Business Growth, Inc. | 10 | $12.2 million |
| Lender | Loans | Dollars |
|---|---|---|
| Cedar Rapids Bank and Trust Company | 54 | $31.0 million |
| Farmers and Merchants Savings Bank (IA, fdic-9298) | 53 | $33.8 million |
| U.S. Bank, National Association | 41 | $1.6 million |
| Farmers State Bank (IA, fdic-14209) | 30 | $4.8 million |
| Hills Bank and Trust Company | 20 | $1.8 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
Where the loans are, by county
| County | Loans |
|---|---|
| Linn County, IA | 423 |
| Benton County, IA | 24 |
| Jones County, IA | 22 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-16300.
Related feasibility study pages
- Feasibility study data and consultants for Iowa
- Feasibility Study Data by Metro Area
- SBA feasibility study company
- Feasibility Study Data for the Des Moines-West Des Moines, IA Metro Area
- Feasibility Study Data for the Davenport-Moline-Rock Island, IA-IL Metro Area
- Feasibility Study Data for the Waterloo-Cedar Falls, IA Metro Area
- Feasibility Study Data for the Iowa City, IA Metro Area
- Feasibility Study Data for the Sioux City, IA-NE-SD Metro Area
- Feasibility Study Data for the Ames, IA Metro Area
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