Iowa was built on the dreams of thousands of people owning their own business and being able to sustain a good life for their family. Owning your own business has become a reality for many people as they apply the skills they have learned to the passion they possess.
Iowa was built on the small business community, and the growth of strong Iowa small businesses requires fair access to small business loans. Qualifying for a small business loan has never been easy, but we're here to help.
To qualify for Iowa small business loan consideration, applicants need to fulfill specific eligibility criteria. They must be legal residents of Iowa, age 18 or older. Additionally, the business seeking the loan must be within the state’s borders.
Iowa MicroLoan provides support for small business entrepreneurs, offering loans for startup, expansion, or refinancing. The program goes beyond financial aid, providing a customized technical assistance plan for business needs.