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SBA backs $2.3M in loans

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The U.S. Small Business Administration in June backed nine private loans for mostly small projects in Central Iowa.

The $2.3 million in loans was for projects expected to create a combined 17 jobs and to retain 55. 

None of the loans topped $1 million. The largest was for GRIT Performance 515 LLC, an Indianola fitness and recreation center that borrowed $929,000 and plans to create eight jobs and retain five. 

Da King Kettlestone LLC of Waukee, a snack and beverage stop, borrowed $885,000. The firm plans to retain 10 jobs. 

Statewide, the SBA backed 36 private loans for a combined total just under $7.8 million. The projects are expected to create 59 jobs and retain 241. 

See the complete listing of Central Iowa SBA loans. (Insider)