Starting or growing a small business is next to impossible without access to capital. If you are a current or aspiring small business owner who has lived in Iowa for more than six months, your for-profit business or business idea may be eligible for a loan through Iowa Center Loan Fund.

What We Offer

  • Loans up to $30,000 (or higher based on funds availability)
  • Annual fixed 6% interest rate
  • Fixed monthly payments
  • No pre-payment penalties
  • Up to 5-year terms
  • No down payment
  • Origination fee rolled into loan or paid up front


  • Our loans can be used for most business purposes to develop and grow your business.
  • We offer business support to our loan applicants and borrowers.
  • We can help you improve your credit history.
  • Our underwriting guidelines were developed for small businesses. No business is too small to apply.
  • Your time is valuable. Our application is straightforward and we will help you create your loan application package. Schedule an appointment to get started.

Loan Timeline

  • Meeting with Client Services Manager
  • Attend 1 session of Always Ready Loan Prep (held every other week–find schedule here)
  • Final meeting with Loan Coordinator and application submission
  • 4-6 weeks for document review, underwriting, and loan committee approval. (Note: review time varies)

If you would like to learn more about the loan program, schedule a meeting here.

Community Resources

To view community resources please click here

Iowa Center Loan Fund was established in 2021 to increase the scope and capacity of small business lending in our state.  In 2022, The Loan Fund received certification as a Community Development Financial Institution (CDFI). Iowa Center Loan Fund is controlled 100% by Iowa Center for Economic Success.

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