SBA approves $16.3 million in Iowa small business loans in June

Small Business Administration

The U.S. Small Business Administration backed 47 loans for $16,368,100 to Iowa businesses in June, including two in the Corridor.

Area businesses receiving loan approvals in June included:

  • Wise Mind Iowa LLC, Iowa City, $350,000
  • Mango Jaziel Refrequeria LLC, Washington, $64,000    

Corridor loan approvals totaled $414,000 in June. Corridor businesses reported retaining three jobs and creating 10 as a result. 

Statewide, the SBA 7(a) and 504 programs capitalized 26 new and 21 existing businesses that report creating 247 new jobs and retaining 152 jobs as a result.