{"ok":true,"canonical_url":"https://dealroom.so/lenders/pioneer-bank-2","api_url":"https://dealroom.so/api/public/lenders/pioneer-bank-2","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"methodology":{"label":"SBA lender ranking methodology","url":"https://dealroom.so/methodology/lender-rankings"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"lender":{"name":"Pioneer Bank","slug":"pioneer-bank-2","url":"https://dealroom.so/lenders/pioneer-bank-2","hq":"202 1st St, Sergeant Bluff, IA","website":"www.pioneerbanks.com","branchCount":4,"sbaFocus":{"pct":0.1,"pctile":39,"tier":"sideline"},"recentDealsSampled":66,"businessPurchases":3,"typicalDeal":236000,"dealRange25th75th":[90000,415000],"typicalDaysApprovalToFunding":11,"topIndustries":[{"count":6,"name":"Drinking Places (Alcoholic Beverages)"},{"count":5,"name":"Coffee and Tea Manufacturing"},{"count":3,"name":"Air-Conditioning and Warm Air Heating Equipment and Commerci"},{"count":3,"name":"Breweries"},{"count":3,"name":"General Freight Trucking, Local"},{"count":2,"name":"Motor Vehicle Parts (Used) Merchant Wholesalers"},{"count":2,"name":"Pottery, Ceramics, and Plumbing Fixture Manufacturing"},{"count":2,"name":"Automotive Body, Paint, and Interior Repair and Maintenance"}],"topStates":[{"count":53,"state":"MN"},{"count":6,"state":"VA"},{"count":4,"state":"NM"},{"count":1,"state":"TX"},{"count":1,"state":"NV"},{"count":1,"state":"IA"}],"topFranchises":[],"recentDeals":[{"acquisition":false,"approvalDate":"1/16/2026","borrName":"Reapers Choice Auto Parts Inc.","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Green Isle","collateral":true,"daysToFund":5,"firstDisbursement":"1/21/2026","fixedVar":"F","franchise":null,"fy":2026,"gross":500000,"industry":"Motor Vehicle Parts (Used) Merchant Wholesalers","jobs":12,"paidInFullDate":null,"processing":"SBA Express Program","rate":7.15,"revolver":"TRUE","sbaGuaranteed":250000,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":120},{"acquisition":false,"approvalDate":"1/16/2026","borrName":"Reapers Choice Auto Parts Inc.","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Green Isle","collateral":true,"daysToFund":0,"firstDisbursement":"1/16/2026","fixedVar":"F","franchise":null,"fy":2026,"gross":400000,"industry":"Motor Vehicle Parts (Used) Merchant Wholesalers","jobs":12,"paidInFullDate":null,"processing":"SBA Express Program","rate":6.95,"revolver":"FALSE","sbaGuaranteed":200000,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":60},{"acquisition":false,"approvalDate":"3/27/2026","borrName":"On-Site Avionics LLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Luray","collateral":true,"daysToFund":null,"firstDisbursement":null,"fixedVar":"V","franchise":null,"fy":2026,"gross":265000,"industry":"Air Traffic Control","jobs":4,"paidInFullDate":null,"processing":"SBA Express Program","rate":6.75,"revolver":"FALSE","sbaGuaranteed":132500,"soldSecMkt":null,"state":"VA","status":"COMMIT","subprogram":"FA$TRK (Small Loan Express)","termMonths":252},{"acquisition":false,"approvalDate":"3/13/2025","borrName":"AD Engineering LLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Quicksburg","collateral":true,"daysToFund":6,"firstDisbursement":"3/19/2025","fixedVar":"F","franchise":null,"fy":2025,"gross":350000,"industry":"Air-Conditioning and Warm Air Heating Equipment and Commerci","jobs":20,"paidInFullDate":null,"processing":"7a General","rate":8,"revolver":"FALSE","sbaGuaranteed":262500,"soldSecMkt":null,"state":"VA","status":"CURR","subprogram":"Guaranty","termMonths":120},{"acquisition":false,"approvalDate":"11/14/2023","borrName":"Get Bizzy Inc.","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Minneapolis","collateral":true,"daysToFund":27,"firstDisbursement":"12/11/2023","fixedVar":"V","franchise":null,"fy":2024,"gross":2000000,"industry":"Coffee and Tea Manufacturing","jobs":39,"paidInFullDate":null,"processing":"Standard Asset Base Working Capital Line","rate":11.25,"revolver":"TRUE","sbaGuaranteed":1500000,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"Standard Asset Based","termMonths":64},{"acquisition":false,"approvalDate":"9/24/2024","borrName":"Lake Crystal Bus Service, Inc.","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Madison Lake","collateral":true,"daysToFund":6,"firstDisbursement":"9/30/2024","fixedVar":"V","franchise":null,"fy":2024,"gross":1170000,"industry":"Charter Bus Industry","jobs":32,"paidInFullDate":null,"processing":"7a General","rate":9.75,"revolver":"FALSE","sbaGuaranteed":877500,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"Guaranty","termMonths":120},{"acquisition":false,"approvalDate":"12/7/2023","borrName":"RE Innovative Software Solutions, Inc.","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Charlottesville","collateral":true,"daysToFund":13,"firstDisbursement":"12/20/2023","fixedVar":"F","franchise":null,"fy":2024,"gross":463000,"industry":"Custom Computer Programming Services","jobs":25,"paidInFullDate":null,"processing":"SBA Express Program","rate":8,"revolver":"FALSE","sbaGuaranteed":231500,"soldSecMkt":null,"state":"VA","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":84},{"acquisition":false,"approvalDate":"12/1/2023","borrName":"AD Engineering LLC","businessAge":"New Business or 2 years or less","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Quicksburg","collateral":true,"daysToFund":17,"firstDisbursement":"12/18/2023","fixedVar":"V","franchise":null,"fy":2024,"gross":350000,"industry":"Air-Conditioning and Warm Air Heating Equipment and Commerci","jobs":4,"paidInFullDate":null,"processing":"SBA Express Program","rate":9.5,"revolver":"TRUE","sbaGuaranteed":175000,"soldSecMkt":null,"state":"VA","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":72},{"acquisition":false,"approvalDate":"4/8/2024","borrName":"Mi Pueblito Meat Market LLC","businessAge":"New Business or 2 years or less","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Lovington","collateral":true,"daysToFund":null,"firstDisbursement":null,"fixedVar":"F","franchise":null,"fy":2024,"gross":252000,"industry":"Meat Retailers","jobs":30,"paidInFullDate":null,"processing":"SBA Express Program","rate":9.5,"revolver":"FALSE","sbaGuaranteed":126000,"soldSecMkt":null,"state":"NM","status":"CANCLD","subprogram":"FA$TRK (Small Loan Express)","termMonths":84},{"acquisition":false,"approvalDate":"9/11/2024","borrName":"Ad Engineering LLC","businessAge":"New Business or 2 years or less","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Quicksburg","collateral":true,"daysToFund":49,"firstDisbursement":"10/30/2024","fixedVar":"F","franchise":null,"fy":2024,"gross":250000,"industry":"Air-Conditioning and Warm Air Heating Equipment and Commerci","jobs":19,"paidInFullDate":null,"processing":"7a General","rate":8,"revolver":"FALSE","sbaGuaranteed":187500,"soldSecMkt":null,"state":"VA","status":"CURR","subprogram":"Guaranty","termMonths":120}]},"caveats":["DealRoom data is market intelligence, not a credit decision or SBA eligibility determination.","Final lender fit depends on SBA eligibility, borrower strength, collateral, cash flow, guarantors, and lender policy."],"citation":{"label":"DealRoom lender profile","url":"https://dealroom.so/lenders/pioneer-bank-2","source_type":"DealRoom Data"}}