SBA approves $20 million in small business loans in July

The U.S. Small Business Administration has released its monthly loan approval figures in Iowa for July. The SBA backed 49 loans for $20,139,200 to Iowa businesses from participating lenders using its two largest lending programs.

 The SBA 7(a) and 504 program capitalized 20 new and 29 existing businesses that report creating 150 new jobs and retaining 391 existing jobs as a result. 

To download a Excel file of the July wards, click: SBA July 2014.