Reported in The Gazette – Cedar Rapids, IA
“The Targeted Small Business program provides low-interest financing for small businesses that are at least 41 percent owned by a minority, woman or person with a disability. “
This article tells of 3 different restaurants which benefited from state loans with a 4 or 5% interest rate, ranging from $20,000 to $45,000. I wonder what the credit requirements are…
For those of you who aren’t in Iowa, or don’t qualify for this sweet deal, remember that you still have options. Even if you don’t qualify for a bank loan, you can still get financing you need for your business through alternative methods like business cash advance. Also, known as credit card factoring, business cash advance can provide funds quickly to all types of small business owners – to women, minorities, the handicapped, and to everyone else as well.