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SBA Economic Injury Disaster Loans

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SBA Economic Injury Disaster Loan Assistance

Due to the impact of COVID-19, Iowa businesses and non-profits are eligible to apply for financial assistance via the SBA Economic Injury Disaster Loan (EIDL) program.

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

These loans may be used to pay the following expenses that cannot be met because of the COVID-19 impact:

  • fixed debts
  • payroll
  • accounts payable
  • other financial obligations for ordinary and necessary operating expenses

SBA Disaster Loan Assistance

How can Iowa State Bank help?

Iowa State Bank has a strong relationship with the Iowa SBA, which puts us in a position to assist our business customers through the loan process. Our commercial loan officers can help you:

  • get answers to your loan questions
  • navigate the necessary paperwork

Iowa State Bank is committed to helping local businesses and we encourage you to talk with one of our commercial lenders for assistance.

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