Iowa Microloan Credit Application

Category:
State:
Iowa
Control #:
IA-T001ST
Format:
Word; 
Rich Text
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Description

This form is a Microloan Credit Application for the state of Iowa residents.

The Iowa Microloan Credit Application is a credit product offered by the Iowa Finance Authority (IFA) that provides small businesses with access to capital. This program provides loans of up to $50,000 to small businesses and start-ups, with a maximum term of 5 years. The loans are designed to help businesses in the early stages of development and provide them with the resources to grow and expand. There are two types of Iowa Microloan Credit Application: the Start-Up Microloan and the Expansion Microloan. The Start-Up Microloan is for businesses that are in the early stages of development, while the Expansion Microloan is for businesses that have been established for more than 12 months and are looking to expand their operations. Both loans require a business plan and financial projections. The IFA also offers technical assistance to borrowers to help them understand the loan process and prepare for loan repayment.

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You may be asked to provide additional information as part of the application process. A business must be certified as a TSB to be eligible to apply for funding.All applicants must invest at least 10 percent of the total project budget in cash. 55. Fill out the online application below, or print an application and send it to us at 119 Winnebago Street, Decorah, IA 52101. The ECICOG Revolving Loan Fund is available in Benton, Iowa, Johnson, Jones, Linn and Washington county. APPLY TODAY. Brick-Wall.jpg. (1) Application procedures. Application materials may be obtained from the authority or microloan service provider. The Iowa District Office services the entire state of Iowa. We have offices in Des Moines and Cedar Rapids.

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Iowa Microloan Credit Application