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SBA guaranteed $168M in Iowa loans in FY2019


The U.S. Small Business Administration guaranteed more than $28 billion in loans to entrepreneurs in the year ended Sept. 30, including $168.1 million in Iowa.

Here are highlights from the Iowa data:

  • There were 406 guaranteed loans for a combined $168.1 million.
  • Those loans supported total lending to Iowa small businesses of $218 million.
  • The activity was similar to the year before, when the SBA backed 405 Iowa loans totaling $169.1 million, which supported $212 million in lending to small businesses in Iowa.
  • The fiscal year 2019 loans helped create 1,669 jobs in Iowa, retaining another 2,791 jobs. 

The Business Record analyzes the SBA-backed loans in Central Iowa, month by month. 
See the complete listing of Central Iowa SBA loans. (Insider)

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