SBA Approves $7.8 Million in Iowa Small Business Loans in October

The US Small Business Administration supported 21 loans worth $7,842,700 to Iowa businesses in October. This includes his 3 cases in the corridor.

Area projects that received loan approval in October include:

  • KO Properties LLC, Cedar Rapids, $349,000
  • Maivis Holdings Inc., Cedar Rapids, $597,000
  • Cannonball Lease Company LLC, Marion, $219,000

Corridor loan approvals totaled $1,165,000 in October. Corridor companies report that he retained 28 jobs and created 12 jobs as a result. Statewide, SBA 7(a) and 504 programs report investing in 10 new businesses and 11 existing businesses, resulting in the creation of 78 new jobs and the retention of 61 jobs.

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