Due to the economic impact of the COVID-19 pandemic, the Iowa Economic Development Authority (IEDA) is gathering resources and information that may be of use to partners across Iowa.
Below is an updated list discussing the main resources for Iowa Small Businesses combating COVID-19 impacts (as of 4/2). These details represent a brief overview of each program and be subject to change:
Paycheck Protection Program Loans, aka "PPP" (This is separate from the EIDL program.)
*Applicants will need to consult with their local lender to see if they are participating in the PPP. Lenders must be approved and enrolled in the SBA program to participate.
**Monthly average from past 12 months
SBA Economic Injury Disaster Loan (EIDL Program)
Iowa Workforce Unemployment COVID-19 Benefits
Iowa Target Small Business Sole Operator Fund: https://www.iowaeconomicdevelopment.com/programDetails?pid=137&ppid=26
Closed: Iowa Small Business Relief Fund and Tax Deferral - no longer accepting applications