IASourceLink was designed to help Iowans start, scale, or accelerate their businesses. Another great resource is the Greater Des Moines Partnership, which offers a free mentorship program and a variety of online tools and newsletters for entrepreneurs and small business owners in Iowa. SBDC Iowa hosts affordable workshops and provides free, customized business advice.

Dream Big Grow Here is a grant program for new and experienced entrepreneurs interested in pursuing or growing their business in northwest Iowa. You can also explore Iowa GrantWatch, which contains an updated list of small business grants in the state. In addition, there’s Iowa SourceLink, which features a Resource Navigator tool that you can use to connect to nonprofits that offer grants and other business resources.

To qualify for a business loan in Iowa, you’ll need to register your business with the state. The process of doing so will depend on whether you go the sole proprietorship, LLC, or corporation route. Be sure to check the Iowa Secretary State business database to make sure your preferred business name is available and appoint a registered agent if you intend to form an LLC or corporation. Once you’re up and running, you’ll be ready to apply for small business loans. To determine the amount and interest rate you can qualify for, the lender might require that you share your business plan, revenue figures and projections, and credit score.

It’s your job to do your research and compare business loan options in the state. You can use an online platform like Lendio to take the time and hassle out of the process. As you explore loans, consider interest rates, repayment terms, and fees. Also, be sure you understand eligibility requirements.

A business loan in Iowa can help you cover a wide array of small business expenses, so you can meet (or even exceed) your goals. These may include startup costs, payroll, marketing, insurance, and equipment.