As a small business owner/manager you are often faced with the difficult task of matching your company’s needs to the financing currently available to you. Sometimes your needs can’t be completely satisfied by the products currently available from your lending partners. Iowa Business Growth has several programs that complement the more traditional financing tools otherwise available to you. We aren’t trying to replace conventional lenders, but rather to enhance their current services. Our lending programs have a variety of benefits to new and existing business owners who are will look beyond the traditional bank loan to achieve their goals. Our products include the following:
504 Loan Program
When you need to expand and still preserve your working capital, call IBG.
As a certified development company, Iowa Business Growth administers the 504 Loan Program. The program has extremely helpful features for small businesses that are in the process of acquiring fixed assets, but want to lower the down payment required and retain more of their own cash for other working capital needs.
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SBA 7(a) Loan Packaging
When you need working capital or refinancing, call IBG.
Iowa Business Growth packages SBA 7(a) loans for banks. These loans provide a significant guarantee to the bank which is especially helpful with new businesses or customers considered to be higher risks. IBG doesn't provide the loan, but we assist your bank in obtaining the SBA guarantee to enhance the bank's willingness to participate.
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Wellmark Mezzanine Fund
When you need more equity to complement other borrowing, call IBG.
Iowa Business Growth is your exclusive access to the Wellmark Small Business Loan Program. This new program provides a mezzanine-style loan to companies in need of additional equity.
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