Loans and Business Support Available for African American Owned Businesses
Amelia Lobo, Director of Lending, Iowa Center for Economic Success
If you own a small business, you know how hard it is to obtain funds for your business. We are here to help! We offer loans up to $50,000 for established businesses and $30,000 for businesses with less than 6 months of operations. Interest rates range from 3% to 10% and we do not charge any fees.
As Director of Credit and Lending at the Iowa Center for Economic Success, I have the privilege of working with numerous business owners who are growing their businesses.
Loans can be used to hire a new employee, invest in inventory or your business space, build a new website, buy equipment or better manage cash flow. We help each of our clients understand their personal credit, review their financials, and determine whether a loan is the best option for their business. We consider that the loan is only part of our work on behalf of each business; our other goal is to help business owners make good decisions.
If you are interested in applying in a loan through our program, our commitment to you is
1- To clearly explain the process and how we make our decisions
2- Provide honest feedback about your likelihood to obtain a loan
3- Help you become a certified Targeted Small Business
4- Make loan decisions as quickly as possible
In addition to offering loans, we offer business education and we can help you understand how to strengthen your personal credit, financials and business in preparation for a loan with us or another lender. If you’d like to learn more, please contact us at email@example.com. You can also reach us at 515.283.0940.