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SBA Relief Loans

Home Business Commercial Loans SBA Relief Loans

Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses.

Funding Options
In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak.

Paycheck Protection Program – This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. Click here to learn more  Paycheck Protection Program Loans

EIDL Loan Advance – This loan advance will provide up to $10,000 of economic relief to businesses that are currently experience temporary difficulties.The SBA’s Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic. Learn More

  APPLY ONLINE DIRECTLY WITH THE SBA

SBA Debit Relief – For some SBA loans, this program will provide immediate relief if you're having trouble meeting your obligations. The SBA will cover all loan payments on these SBA loans, including principal, interest and fees for six months. Learn More

APPLY ONLINE DIRECTLY WITH THE SBA


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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