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