Statewide Iowa — The Iowa office of the U.S. Small Business Administration is reporting the just-ended fiscal year saw upturns in both the amount of money lent and the number of loans made.
District director Jayne Armstrong says the Iowa SBA made 263-million dollars in loans, an increase of almost 30-million, while the number of loans rose to 476, a boost of 43 loans over the previous year.
The SBA loans created more than two-thousand Iowa jobs, she says, while retaining another 34-hundred. There were no trends as far as rural versus urban, Armstrong says, nor were there any particular business types that sprang up or expanded in the past fiscal year.
Armstrong says she’s thrilled with the work of her staff in providing so many traditional business loans, while at the same time administering all of the federal pandemic programs, like PPP and the Economic Injury Disaster loans.
Polk, Linn and Black Hawk counties had the most loans during the year, while Polk County also had the highest amount of loans at more than 53-million dollars, followed by Linn and Scott counties.
