Assistance for Businesses Impacted by Coronavirus
During these uncertain times, business impacts are widespread and what will happen in coming weeks remains unclear. However, as a community bank – and more importantly as a partner to you and your business – we want to help provide customers with the resources that are currently available. Learn more about available programs at the national and state level below. We will update this page as more resources become available.
The U.S. Small Business Administration (SBA) announced immediate funding for Economic Injury and Disaster Loans, which may provide up to $2 million for small businesses impacted by the coronavirus. These loans are 100% underwritten and issued directly through the SBA.
Learn more about the SBA’s loan program at the links below:
State Relief – Iowa
Iowa Governor Kim Reynolds announced the Iowa Small Business Relief Program on March 23 to provide financial assistance and tax deferrals to any Iowa businesses affected by the pandemic.
Learn more about Iowa’s program at the links below:
- Iowa Small Business Relief Program (Application available March 24; due by noon on March 31)
Please contact a Business Banker to talk through these programs or other options for small businesses at this time.