Posted: March 30, 2020
Small Business Loans:
· Governor Reynolds has announced the creation of The Iowa Small Business Relief Fund. This provides grants from $5,000-$25,000 for small business having between 2 and 25 employees. The application is available at: https://www.iowaeconomicdevelopment.com/our-agency-det…/6710. The application is currently available through March 31.
· Governor Reynolds announced that the U.S. Small Business Administration (SBA) has issued a disaster declaration for the state of Iowa as of January 31, 2020 and continuing. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa Governor Kim Reynolds submitted a federal funding request via the SBA’s Economic Injury Disaster Loan program.
o Applications can be made via the SBA’s website: https://disasterloan.sba.gov/ela/
o Applicants can monitor the status of their applications online after submission.
o For questions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or email firstname.lastname@example.org.
Additional resources for businesses can be accessed at www.safeguardiowa.org