A new state loan program in Iowa designed to help entrepreneurs and small businesses is now accepting applications.
Iowa businesses with less than 35 employees can get a loan up to $50,000 from the Iowa Small Business Loan program.
The program is limited to businesses owned and actively managed by Iowans.
State officials say the loans will be for upgrading or modernizing equipment, transportation, energy efficiency and other purposes.
Gov. Chet Culver’s staff says the Iowa Department of Economic Development has contracted with the Iowa Foundation for Microenterprise and Community Vitality to help with the credit review process and provide recommendations regarding loan decisions.
Information from: The Des Moines Register
Was this article valuable?
Here are more articles you may enjoy.
Axios Software Tool Used by Millions Compromised in Hack 
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
More Insurance M&A Deals on the Horizon? 
