The SBA supports more than $7 million in loans in Central Iowa in July
Wednesday, August 24, 2022 3:03 p.m
The US Small Business Administration supported 14 loans totaling $7,062,400 to Central Iowa businesses in July.
The loans will help these small businesses create 63 new jobs and sustain 146 local jobs, according to data released by the SBA and compiled by the Business Record for Central Iowa businesses.
The largest loans by dollar amount in Central Iowa included:
Statewide in July, the SBA supported 35 loans totaling $25,508,800 to Iowa businesses from participating lenders using its two largest lending programs.
The SBA 7(a) and 504 programs activated 23 new and 12 existing companies, which report creating 89 new jobs and consequent preservation of 338 jobs.
See the full list of SBA loans in Central Iowa (insider).
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