SBA approves $18.3M in Iowa small business loans in December

U.S. Small Business Administration (SBA) exporting

The U.S. Small Business Administration backed 37 loans for $18.3 million to Iowa businesses in December, including two in the Corridor. 

Area businesses receiving loan approvals in December included:

  • By Design LLC, Anamosa, $3,042,200
  • Rilina LLC, Cedar Rapids, $215,000

Corridor loan approvals totaled $3,257,200 in December. Corridor businesses reported retaining 106 jobs and creating 22 as a result. 

Statewide, the SBA 7(a) and 504 programs capitalized 22 new and 15 existing businesses that report creating 142 new jobs and retaining 271 jobs as a result.