The U.S. Small Business Administration backed 55 loans for $30,973,00 to Iowa businesses in October, including 11 in the Corridor.
Area businesses receiving loan approvals in October included:
- Jam Investments of Coralville LLC, Coralville, $519,000
- Blue Dog Holdings LLC, Iowa City, $351,000
- PB2J LLC, Iowa City, $330,000
- Old Mission LLC, Cedar Rapids, $1,145,000
- Shriver Real Estate LLC, Cedar Rapids, $1,115,000
- Jam Investments of Blairs Ferry LLC, Cedar Rapids, $519,000
- Jam Investments of E Avenue LLC, Cedar Rapids, $519,000
- Howell Properties LLC, Cedar Rapids, $469,000
- Atlas Specific Chiropractic LLC, Cedar Rapids, $65,000
- 1001 Ford Lane LLC, Center Point, $1,160,000
- Czech Heimat LLC, Marion, $128,000
Corridor loan approvals totaled $6,320,000 in October. Corridor businesses reported retaining 47 jobs and creating 58 as a result.
Statewide, the SBA 7(a) and 504 programs capitalized 19 new and 36 existing businesses that report creating 212 new jobs and retaining 397 jobs as a result.
