SBA approves $7.5 million in small business loans in August

The U.S. Small Business Administration has released its monthly loan approval figures in Iowa for September. The SBA backed 41 loans for $7,562,900 to Iowa businesses from participating lenders using its two largest lending programs.

The SBA 7(a) and 504 program capitalized 15 new and 26 existing businesses that report creating 141 new jobs and retaining 124 existing jobs as a result.

To download the September report, click here: SBA Loan Report for Iowa – September 2014.