Iowa Governor Sends Businesses an SOS
In yet another move to get capital flowing again, Iowa Gov. Chet Culver has signed legislation creating the Save Our Small Business fund, which will provide loans up to $50,000.
Starting Aug. 1, Iowa small businesses will have access to the fund that will provide loans at 3.9% between $2,500 and $50,000. Administered through the Department of Economic Development and the Iowa Foundation for Microenterprise and Community Vitality under Iowa State University, the loans are available to Iowa businesses with 35 or fewer employees.