Iowa Small Business Loans: $27.4M Approved
- Iowa's small business sector received a significant boost in May, with the U.S.
- The SBA's 7(a) and 504 programs played a crucial role in this economic activity, providing capital to 28 new and 27 existing businesses.
- Notably, Polk and Dallas counties saw the highest concentration of loan values, indicating strong entrepreneurial activity in these areas.
Iowa small businesses gained a major advantage in May as the SBA approved over $27.4 million in loans. This surge in capital, crucial for Iowa’s economic vitality, supports both established and emerging ventures, fostering new opportunities and boosting existing ones. The initiative anticipates creating 198 new jobs while retaining 270 positions statewide, a considerable positive impact.Polk and Dallas counties led in loan values, reflecting robust entrepreneurial spirit, wiht diverse recipients ranging from KDP Management Services to SNS Iowa. News Directory 3 reported on several of these crucial funding deployments. These small business loans are vital for economic advancement. Discover what’s next for Iowa’s evolving business scene and how these investments will shape future growth.
Iowa small business Loans Fuel Economic Growth in May
Updated June 7, 2025
Iowa’s small business sector received a significant boost in May, with the U.S. Small Business Management (SBA) approving 55 loans totaling $27,425,600. These SBA-backed loans, facilitated through participating lenders, are set to bolster the state’s economy by supporting both new and existing ventures.
The SBA’s 7(a) and 504 programs played a crucial role in this economic activity, providing capital to 28 new and 27 existing businesses. The agency estimates that these loans will lead to the creation of 198 new jobs and the retention of 270 positions across Iowa.
Notably, Polk and Dallas counties saw the highest concentration of loan values, indicating strong entrepreneurial activity in these areas. These small business loans are vital for local economic advancement.
In Polk County, recipients included 319 Washington in Bondurant ($1,354,000), KDP management Services (West of Monks) at $930,000, and Prime Factors in Ankeny ($305,000). Other Polk County businesses receiving funds were Top Trucking (Ankeny, $300,000), Eaton Clean Ventures (West Des Moines, $285,000), Powher Play Ventures (Des Moines, $215,000), K-T Iowa Ventures (Clive, $167,000), Zmp (Bondurant, $150,000), B&V African Food Market (Des Moines, $150,000), Levels Chiropractic (Urbandale, $131,800), Sylvan of Altoona (Altoona, $50,000), C3r Group (Elkhart, $50,000), Home Blanket Comfort (Johnston, $50,000), Eaton Clean Ventures (West Des Moines, $50,000), K-T Iowa Ventures (Clive, $25,000), Aal-Fitness (Urbandale, $25,000), and prime Factors (Ankeny, $20,000).
Dallas County businesses also benefited significantly, with SNS Iowa in Waukee receiving $1,495,000. McGee Management Services in Perry secured $788,000 and $637,200 in separate loans. Additional recipients included Element Plumbing IA (Waukee, $514,000), Sweers Family Chiropractic (Clive, $237,000), and Five Oaks Fitness (Adel, $194,300).
What’s next
The SBA’s continued support for Iowa small businesses is expected to drive further economic growth and job creation in the coming months. These small business loans are a key component of Iowa’s economic strategy.