Loan Programs

Iowa Valley Resource, Conservation and Development Revolving Loan Fund
The Iowa Valley RC&D, Inc. is administering a Rural Business Enterprise Revolving Loan program targeted towards new or expanding small businesses in Benton, Iowa, Johnson, Linn, Poweshiek and Tama counties in Iowa.  Funds may be used for acquisition and development of land, easements, and rights-of-way for small and emerging private business start up and expansions; restoration, clean up, construction, conversion, enlargement, repairs or modernization of buildings, plants, machinery, equipment, access streets and roads, parking areas, utilities, and pollution control and abatement facilities; and loans for working capital.

SBA Section 504 Loan:
Maximum Amount:  The lesser of $5,000,000 ($5,500,000 in certain situations) or 40% of project costs.
Use of Proceeds:  Fixed asset financing (land, building, equipment)
Interest Rate:  Fixed for the term of the loan
Term: 10 years for equipment, 20 years for land and building
Typical Package:  50% from Bank, 40% from 504, 10% equity injection
(U.S. Small Business Administration (SBA) Program)
Click here for more information on the SBA 504 Program.

211 W. State Street, P.O. Box 22
Toledo, IA  52342
641-484-3108
641-484-8636 fax
info@tamacountyiowa.org
www.tamacountyiowa.org

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