SBA approves $8.4 million in small business loans in October

The U.S. Small Business Administration has released its monthly loan approval figures in Iowa for October. The SBA backed 30 loans for $8,443,700 to Iowa businesses from participating lenders using its two largest lending programs.

The SBA 7(a) and 504 program capitalized 11 new and 19 existing businesses that report creating 52 new jobs and retaining 159 existing jobs as a result.

To download the October report, click here: SBA Loan Report for Iowa – October 2014