SBA approves $28.7M in Iowa small business loans in February

U.S. Small Business Administration (SBA) loans

The U.S. Small Business Administration backed 41 loans for $28,765,900 to Iowa businesses in February, including three in the Corridor..

Area businesses receiving loan approvals in January included:

  • Breathe, LLC, Cedar Rapids, $350,000;
  • Raining Rose Properties, LLC, Cedar Rapids, $2,159,000
  • Clickstop Real Estate Holdings, LLC, Urbana, $3,435,000

Corridor loan approvals totaled $5,944,000 in February. Corridor businesses reported retaining 136 jobs and creating 40 as a result. 

Statewide, the SBA 7(a) and 504 programs capitalized 20 new and 21 existing businesses that report creating 154 new jobs and retaining 278 jobs as a result.