GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
184
2010–2026
Total Volume
$105M
Gross loan amounts
States Active
3
With recorded loans
Programs
504
184 total segments
Black Hawk Economic Development is a 504-only lender, which means they specialize in providing financing for real estate and equipment purchases. This is a strong fit for businesses looking to expand or invest in existing operations, especially in the manufacturing and food service sectors, which are their top industries.
With an average deal size of $568,918 and a significant number of deals in the $0-$150K range (55 deals), this lender is well-suited for small to mid-sized businesses. However, if you're seeking funding above $1M, you may find fewer options, as only 19 deals fall into the $1M-$2M category.
The lender has shown a positive growth trend of +14% year-over-year, indicating they are actively increasing their lending volume. This suggests they may be more willing to approve new loans, making it a good time to approach them for financing.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 184 504 loans, which use fixed SBA debenture rates.
States where Black Hawk Economic Developmen has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Auto Repair & Maintenance
Other Services
Hotels & Accommodation
Accommodation & Food Services
Real Estate
Real Estate
Specialty Trade Contractors
Construction
Auto Dealers & Parts
Retail Trade
Food & Beverage Stores
Retail Trade
+ 7 more
All recorded SBA lending activity for Black Hawk Economic Developmen, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Iowa · Manufacturing · $150K – $350K | 504 | 8 | — | $190K | Q2 2020 |
| Iowa · Manufacturing · $500K – $1M | 504 | 8 | — | $686K | Q4 2025 |
| Iowa · Food & Beverage Stores · Under $150K | 504 | 7 | — | $90K | Q3 2024 |
| Iowa · Manufacturing · Under $150K | 504 | 6 | — | $85K | Q1 2018 |
| Iowa · Restaurants & Food Service · Under $150K | 504 | 5 | — | $90K | Q3 2019 |
| Iowa · Hotels & Accommodation · $500K – $1M | 504 | 5 | — | $717K | Q4 2017 |
| Iowa · Manufacturing · $2M – $5M | 504 | 5 | — | $3.2M | Q1 2020 |
| Iowa · Real Estate · Under $150K | 504 | 5 | — | $116K | Q3 2016 |
| Iowa · Restaurants & Food Service · $150K – $350K | 504 | 4 | — | $197K | Q4 2017 |
| Iowa · Physician & Dental Offices · $500K – $1M | 504 | 4 | — | $704K | Q4 2021 |
| Iowa · Manufacturing · $350K – $500K | 504 | 4 | — | $404K | Q4 2018 |
| Iowa · Arts, Entertainment & Recreation · $150K – $350K | 504 | 4 | — | $266K | Q2 2021 |
| Iowa · Manufacturing · $1M – $2M | 504 | 4 | — | $1.3M | Q1 2024 |
| Iowa · Auto Repair & Maintenance · $150K – $350K | 504 | 4 | — | $195K | Q4 2016 |
| Iowa · Auto Repair & Maintenance · Under $150K | 504 | 4 | — | $97K | Q4 2021 |
| Iowa · Restaurants & Food Service · $500K – $1M | 504 | 4 | — | $690K | Q1 2016 |
| Iowa · Specialty Trade Contractors · Under $150K | 504 | 3 | — | $97K | Q2 2021 |
| Iowa · Specialty Trade Contractors · $150K – $350K | 504 | 3 | — | $256K | Q4 2025 |
| Iowa · Auto Dealers & Parts · Under $150K | 504 | 3 | — | $118K | Q4 2018 |
| Iowa · Other Health Practitioners · Under $150K | 504 | 3 | — | $73K | Q1 2017 |
| Iowa · Other Repair & Services · $350K – $500K | 504 | 3 | — | $371K | Q4 2021 |
| Iowa · Wholesale Trade · $1M – $2M | 504 | 3 | — | $1.4M | Q1 2012 |
| Iowa · Administrative & Waste Services · Under $150K | 504 | 3 | — | $92K | Q4 2013 |
| Iowa · Miscellaneous Retail · $2M – $5M | 504 | 2 | — | $3.1M | Q1 2022 |
| Iowa · Hotels & Accommodation · $350K – $500K | 504 | 2 | — | $432K | Q1 2012 |
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Real experiences from borrowers who closed SBA loans with Black Hawk Economic Developmen.
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