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Iowa Small Business Collateral Support Program (SSBCI / SEDI – Veteran Track)
State collateral support covering up to 40% of a collateral gap to help veteran- and SEDI-owned businesses secure commercial loans from roughly $50,000 to $250,000 through Iowa's SSBCI program.
About this program
Visit the program website for full details.
Eligibility
Iowa small businesses with fewer than 125 employees that are 51% or more owned, operated, and actively controlled by a veteran (including service-disabled veterans) facing a collateral shortfall on a commercial loan.
Requirements
- At least 51% owned, operated, and actively controlled by a veteran or SEDI individual
- Fewer than 125 employees
- Iowa-based creditworthy business with a loan request