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IA

Small Business Linked Investments for Tomorrow (LIFT) Program

State linked-deposit program providing reduced-rate capital to Iowa small businesses through local lenders, with half of the available lending funds reserved for businesses at least 51% owned, operated, and actively managed by women, minorities, or persons with disabilities.

About this program

Visit the program website for full details.

Eligibility

Iowa small businesses applying through a local financial institution; half of program funds are reserved for businesses that are 51% or more owned, operated, and actively managed by minorities (among other targeted groups).

Requirements

  • Iowa-based small business
  • At least 51% minority owned, operated, and actively managed (for the reserved allocation)
  • Apply through a participating local financial institution