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Iowa Entrepreneurs' Coalition Message Board New Iowa Entrepreneurs' Coalition News and Member Forum › Iowa Small Business Loan Program launched

Iowa Small Business Loan Program launched

Kent S.
The Iowa Small Business Loan Program launched today, giving small business owners access to $5 million in low-interest loan money.

Business owners can apply for grants ranging from $2,500 to $50,000 starting today with an interest rate of 3.9 percent. If loans are sought through a local lender, the rate drops to 2 percent. The program seeks to award money to business owners who are willing to "upgrade or modernize equipment, realize additional efficiencies in their supply chains, improve their distribution and transportation margins, reduce facility costs through increased energy efficiency, and leverage other sources of business financing," according to a release.

To read more about the program, click here.
A former member
Post #: 1
The link in this aritcle is incorrect. It takes you to an article in the Des Moines Business Record dated April 2008.

The correct link to learn more about the new Iowa Small Business Loan Program is: www.ISBLoan.org

- Lori A. Young
Mktg & Compliance Mgr
Targeted Small Business Program of Iowa
Iowa Dept of Economic Development
515-725-3146
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