Community Corner
New Financial Assistance Program For Small Businesses Available In Iowa City
The loan amount can be matched by a line of credit, commercial loan, your own funds, or matching funds from another grant or loan source.
September 25, 2020
The City of Iowa City recently made changes to its Economic Development CDBG programs in order to focus on small businesses – businesses with fewer than four employees. The City can provide those eligible up to $15,000 in assistance, consisting of a matching loan up to $10,000 with 0% interest, and a grant up to $5,000 for technical assistance for items such as website development, payroll services and/or accounting and tax services.
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The loan amount can be matched by a line of credit, commercial loan, your own funds, or matching funds from another grant or loan source.
Who is eligible?
A flyer containing program details is available here.
Find out what's happening in Iowa Cityfor free with the latest updates from Patch.
Find out more about this program, as well as other economic development programs, at www.icgov.org/financialassistance. If you are interested in applying, please contact Neighborhood Services at 319-356-5230 or email neighborhoods@iowa-city.org.
We look forward to hearing from you!
This press release was produced by the City of Iowa City. The views expressed here are the author’s own.