In another effort to create good-paying jobs, the new Iowa Small Business Loan Program designed to help small business owners having trouble accessing resources to stay open or expand will begin accepting applications today.

The Iowa Small Business Loan Program will provide loans up to $50,000 to small businesses with under 35 employees, with an interest rate of 3.9 percent. The $5 million program was created to promote the creation and retention of jobs in Iowa’s economy by helping to provide financing to eligible small businesses.

Other pieces of the initiative include expanding eligibility for the state’s loan buy-down program (Linked Investment for Tomorrow Fund), a statewide website of vacant buildings targeted for redevelopment and one comprehensive website with links to all assistance available to small businesses.

The University of Northern Iowa will be hosting webinars across the state for small business owners interested in participating in the loan program. Key legislators involved in crafting the program will be in participation.

To be eligible for the loan program, the small business must be located in Iowa and must be owned, operated, and actively managed by an Iowa resident. Businesses must also have a business plan and receive assistance from an Iowa Small Business Development Center, the John Pappajohn Centers for Entrepreneurship or the Iowans for Social and Economic Development, in order to be eligible.

For more information on the program or to have a small business plan reviewed, contact your local Small Business Development Center (www.iowasbdc.org) or call the Iowa Department of Economic Development at (515) 212-0182.

In another effort to create good-paying jobs, the new Iowa Small Business Loan Program designed to help small business owners having trouble accessing resources to stay open or expand will begin accepting applications today.

The Iowa Small Business Loan Program will provide loans up to $50,000 to small businesses with under 35 employees, with an interest rate of 3.9 percent. The $5 million program was created to promote the creation and retention of jobs in Iowa’s economy by helping to provide financing to eligible small businesses.

Other pieces of the initiative include expanding eligibility for the state’s loan buy-down program (Linked Investment for Tomorrow Fund), a statewide website of vacant buildings targeted for redevelopment and one comprehensive website with links to all assistance available to small businesses.

The University of Northern Iowa will be hosting webinars across the state for small business owners interested in participating in the loan program. Key legislators involved in crafting the program will be in participation.

To be eligible for the loan program, the small business must be located in Iowa and must be owned, operated, and actively managed by an Iowa resident. Businesses must also have a business plan and receive assistance from an Iowa Small Business Development Center, the John Pappajohn Centers for Entrepreneurship or the Iowans for Social and Economic Development, in order to be eligible.

For more information on the program or to have a small business plan reviewed, contact your local Small Business Development Center (www.iowasbdc.org) or call the Iowa Department of Economic Development at (515) 212-0182.