Small business banking in Iowa isn’t one-size-fits-all. Some businesses need a bank that offers low fees and no-fuss digital banking. Others rely on in-person service, personalized loan advice, and financial flexibility. In The Hawkeye State, the options are diverse, spanning from tech-driven banking platforms to long-established institutions with deep local roots. So, which small business bank in Iowa is best for you in 2025?

The Top Banks for Small Business in Iowa

The right banking partner can make running a business smoother, whether it’s handling everyday transactions, securing financing, or managing cash flow. Iowa offers a mix of digital-first platforms, community banks, and national institutions—each with its own strengths. Here’s a closer look at the best options for small businesses in Iowa in 2025.

1. North One

There’s no waiting in line at a North One branch—because there aren’t any. Everything happens online, and that’s what makes this business bank so convenient. This isn’t a bank that just happens to offer digital banking—North One is built for business owners who want to handle finances quickly and efficiently, without stepping foot in a physical bank. The platform is mobile-first, intuitive, easy-to-use, and packed with automation tools that make cash flow management effortless.

The Standard plan has no monthly fee and offers same-day ACH payments, digital bill pay, and real-time cash tracking. Need more? The Plus plan unlocks priority customer support, a dedicated account manager, and expanded transaction capabilities—it’s truly the all-in-one solution to small business financial management.

One of North One’s biggest strengths? Financial organization. Their unique envelope budgeting feature automatically allocates funds for all your business expenses—including taxes and payroll—helping small business owners just like you stay ahead of financial obligations without constant micromanagement.

North One also helps your money go further. Business owners can earn up to 3.00% APY—nearly 42x the national average—and get cash-back rewards on everyday purchases like fuel, restaurants, and hotels. It’s a powerful way to grow your balance while covering essential business expenses.

2. Lincoln Savings Bank

Some banks feel corporate. Lincoln Savings Bank feels like home. With strong local support, fair fees, and a variety of business checking options, it’s a bank that actually listens to what small businesses need.

One of the biggest perks? A wide range of business checking accounts, built to match different business sizes. Low-cost options for startups. Advanced cash management and treasury services for larger enterprises. Plus, secure business debit cards with fraud protection.

And when it’s time for financing? Lincoln Savings Bank’s SBA-backed loans, term loans, and lines of credit come with competitive rates and personalized guidance. They’re not just pushing paperwork—they help businesses plan for sustainable growth.

3. Iowa State Bank

Digital banking that works. Loans that make sense. Fees that won’t surprise you. Iowa State Bank delivers all that and so much more. For businesses that process a lot of transactions, Iowa State Bank’s business checking accounts offer transparent pricing and flexible transaction limits. No weird fees for deposits. No confusing fine print. Also, one of the biggest benefits for small business owners here are the seamless online and mobile platforms. Transfers, bill pay, and accounting software integrations make day-to-day financial management smooth.

But what really sets this bank apart? A strong commercial lending program. Businesses looking for SBA loans, real estate financing, or equipment purchases will find competitive rates and a bank that actually works with them to structure the best possible loan terms.

4. Marion County Bank

Some banks expect businesses to fit into rigid account structures. Marion County Bank does the opposite. This bank is deeply rooted in the community, and its checking accounts reflect that. Seasonal businesses? No problem. Need flexibility in cash flow? Done. Banking here is all about you and your needs.

Digital banking has improved significantly, with mobile deposits, account alerts, and online bill pay now standard. It’s easy to manage money remotely, but when in-person support is needed, the local banking team is there.

Financing is another strong point. Unlike large institutions, loan decisions are made locally, meaning businesses don’t have to wait weeks for an answer. Whether it’s a working capital line of credit or an expansion loan, Marion County Bank provides fast, tailored financing solutions.

5. Farmers State Bank

If you’re looking for a true community bank with the service to match, Farmers State Bank has been supporting small businesses across Iowa for decades. It’s a bank that prioritizes long-term relationships over quick transactions.

Checking account options are simple, transparent, and built for businesses of all sizes. Unlike some banks, Farmers State Bank doesn’t nickel-and-dime businesses with unnecessary fees.

The biggest draw? Fast, local lending decisions. Whether it’s a commercial mortgage, an equipment loan, or a working capital line of credit, this bank cuts through the red tape and gets businesses the financing they need without delay.

6. Guthrie County State Bank

Some businesses need a bank that’s flexible, accessible, and deeply connected to the local economy. Guthrie County State Bank delivers. It specializes in tailored financial solutions, offering checking accounts that meet the unique needs of nonprofits, startups, and established corporations alike.

Online banking is surprisingly robust for a smaller institution, making it easy to handle transactions, pay bills, and monitor finances remotely. For businesses that want a bank that actually understands their industry, Guthrie County State Bank offers personalized service that’s hard to find elsewhere.

The Best National Banks for Small Business in Iowa

While local banks offer relationship-driven service and faster loan approvals, national banks provide scale, digital tools, and extensive lending resources. For businesses that need a bigger banking partner, these institutions stand out:

7. U.S. Bank

A big name with a strong Iowa presence, U.S. Bank is a great choice for businesses looking for SBA loans, high-limit credit lines, and a powerful digital banking platform.

As a Preferred SBA Lender, U.S. Bank can process SBA-backed loans faster than most competitors, giving small businesses access to longer repayment terms and lower down payments.

Its business checking accounts range from basic, no-fee options to accounts designed for high transaction volumes. And with one of the best mobile banking platforms in the country, U.S. Bank makes managing finances from anywhere effortless.

8. Chase Bank

Chase is a national bank that truly gets small business banking right. It offers business checking accounts with no monthly fees (if balance requirements are met), instant deposits, and a world-class mobile banking experience.

One of its biggest advantages? Chase Ink Business credit cards, which offer cash-back rewards, travel perks, and high credit limits—all designed for entrepreneurs who want extra purchasing power. Chase also provides SBA loans, commercial real estate loans, and equipment financing, making it a solid choice for businesses planning for growth.

9. Bank of America

Bank of America is a huge bank with a business-friendly rewards program. It stands out from other national banks thanks to its Business Advantage Relationship Rewards, which offer perks like cash-back bonuses and higher interest rates on savings. Its checking accounts are even built for growth, with low-cost options for startups and premium accounts with cash flow management tools.

Need financing? BOA offers competitive SBA loans, term loans, and business lines of credit, plus exclusive funding programs for women- and minority-owned businesses. It definitely pays to explore your options.

Bank With Complete Confidence in The Hawkeye State

Iowa’s top business banks in 2025 each bring something different to the table, but North One dominates in digital efficiency and service. The best choice for you depends on what matters most to your business—whether it’s cutting-edge technology, flexible financing, or strong community ties. 

No matter the priority, Iowa business banks have a solution. With the right partner, you can streamline your finances and even secure the capital you need to focus on growth with confidence. Open a small business bank account with North One today!