Financial Assistance

For more than 20 years, Midwest Partnership has worked with local communities and prospective and expanding businesses across industry sectors to help lower capital costs to facilitate job and wealth creation. Information on common sources of funds is below. For more information and to determine the best financial program for your project, contact Sarah Gomez at 515-523-1262 or

Tax Increment Financing
Communities throughout the region have created Urban Renewal Districts which provide the opportunity to access tax increment financing for qualifying projects. Funds may be used for necessary infrastructure extension, property tax rebates, upfront cash awards and other needs depending on the project size and needs.

Revolving Loan Funds
Midwest Partnership has access to several low-interest loans that assist with business expansion or startups. The funds are available for projects that meet certain job creation/retention, capital investment and collateral requirements. Loans generally can be for up to 50 percent of a project, or $250,000 with terms between 2.4 – 4.5 percent depending on the fund used and type of project. Loan applications may be made at any time.

Region XII Development Corporation (RDC) provides loans and financial packaging assistance to businesses throughout the six counties Region XII serves through its Business Revolving Loan Fund Program. Since 1995, the RDC has provided loans to over 80 businesses totalling over $6.8 million. As a result, 830+ jobs have been created/retained, and over $38 million has been invested in our communities.

State of Iowa Programs

Iowa offers a variety of avenues for financial assistance options to assist with relocations and expansions to locations within Iowa. Assistance is provided in the form of loans and/or forgivable loans, based in part on job creation, capital investment, the ability to meet certain wage standards, quality of employment, and economic benefits for the state and local community.

The High Quality Jobs Program (HQJ) is the state's premier financial assistance program designed to support innovation and job growth. Applications for this program are filed by cities, counties or community colleges on behalf of eligible businesses.

Banks and Lenders

The Midwest Partnership region is home to many great local banks and lenders that are great partners for small businesses and make significant contributions to their communities.

Adair County

Exchange State Bank, Adair
(641) 742-3201

Farmers & Merchants State Bank, Orient
(641) 337-5418

First National Bank, Fontanelle
(641) 745-2141 – Fontanelle
(641) 743-2163 – Greenfield

Rolling Hills Bank & Trust
(641) 746-3366 – Casey
(515) 523-2203 – Stuart

Union State Bank, Greenfield
(641) 343-7310

Audubon County

Ameriprise Financial Service, Audubon
(712) 563-4295

Audubon State Bank, Audubon
(712) 563-2644

Exchange State Bank, Exira
(712) 268-5331

Landmands Bank
(712) 563-4255 – Audubon
(712) 773-2251 – Kimballton

Greene County

Community State Bank, Paton
(515) 968-4131

Home State Bank, Jefferson
(515) 386-2131

People's Trust & Savings Bank, Stuart
(515) 738-2312 – Grand Junction
(515) 386-4848 – Jefferson
(515) 436-7418 – Rippey

Rolling Hills Bank & Trust
(515) 436-8231 – Rippey
(712) 652-3311 – Scranton

United Bank of Iowa, Churdan
(515) 389-3222

Wells Fargo, Jefferson
(515) 386-3141

Guthrie County

Farmers State Bank, Yale
(641) 439-2221

First State Bank, Stuart
(515) 523-2721

Guthrie County State Bank, Guthrie Center
(641) 332-2218 – Guthrie Center
(641) 755-2400 – Panora

Iowa Savings Bank, Bayard
(712) 651-2274

Panora State Bank, Panora
(641) 755-2141

People’s Trust & Savings Bank, Guthrie Center
(641) 747-3100

Raccoon Valley Bank, Bagley
(641) 427-5234

Rolling Hills Bank & Trust, Menlo
(641) 524-4521
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Copyright 2014 Midwest Partnership. All Rights Reserved.
615 S Division St Stuart, Iowa 50250 | PO Box 537
(515) 523-1262 | Fax: (515) 523-1397