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IA
Iowa Loan Participation Program
Iowa purchases a participation in eligible small business loans to help lenders finance business expansion, startup, and growth projects.
About this program
The Iowa Loan Participation Program is a state credit support tool that helps participating lenders provide financing to eligible Iowa small businesses. By purchasing a participation in the loan, the state reduces lender exposure and supports access to capital for eligible business uses such as startup costs, expansion, equipment, inventory, working capital, and other growth needs.
Eligibility
Eligible Iowa small businesses may access the program through participating lenders for qualifying business loans.
Requirements
- Business must be located in Iowa.
- Applicant must be an eligible small business under program rules.
- Applicant must work with a participating lender.