Iowa Microloan


Can I get a microloan to finance the purchase a building or piece of land?

No, our funding source does not allow us to finance real estate of any kind.

What if I do not use the TA grant money each year, does it roll over into next year?

No, our grant funding source requires that we settle each year's grant funding annually.

Can I have more than one loan?

Yes, as long as the cumulative balance of your total loans disbursed is below $50,000.

Do non-profit organizations qualify?

For the SBA Microloan pool, the only non-profit exemption is for day care services. All other non-profits are ineligible for the current IowaMicroLoan Program. As IowaMicroLoan acquires different sources of loan funding, this condition may change.

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