To become a certified Targeted Small Business, you’ll need to complete the TSB application through the Iowa Department of Inspection and Appeals.
The Iowa Center for Economic Success manages the TSB loan program, and can provide assistance with the application process. They offer business education and individual business support for Iowa businesses and specialize in helping businesses owned by women and minorities. The Iowa Center is also home to the state’s only Women’s Business Center, a program funded through the U.S. Small Business Administration.
Iowa Self-Employment Program (ISE) is designed for clients of Iowa Vocational Rehabilitation Services (IVRS) or the Iowa Department for the Blind (IDB), who aspire to become self-employed entrepreneurs. Through the ISE, entrepreneurs may receive technical and/or financial assistance to start, expand or acquire a business. ISE offers orientations, business consultation, counseling services and opportunities to collaborate with other professionals.
The Small Business Linked Investments for Tomorrow (LIFT) Program is offered through the Treasurer of the State of Iowa, and provides capital for Iowa small businesses. Applications are made through a local financial institution to the treasurer’s office and if approved, the treasurer of state purchases a certificate of deposit (CD) from the lender, who then makes the loan to the borrowing business. Of the total amount available for lending, one-half of the moneys invested will be available for qualifying small businesses which are 51 percent or more owned, operated, and actively managed by women, minorities or persons with disabilities.
Office of Veterans Business Development provides programs and services to support aspiring and existing veteran entrepreneurs and military spouses.
Veterans Women Igniting the Spirit of Entrepreneurship (V-WISE) is an SBA funded program which includes online training, conference for women veterans and female spouses and mentoring.
Military Reservist Economic Injury Disaster Loan Program (MREIDL) provides loans to eligible small business to cover operating costs due to the loss of an essential employee called to active duty.