As Lenders you may occasionally not be able to adequately match your client’s needs sole to the financing products currently available at your lending institution. Iowa Business Growth has several programs that complement a lender’s more traditional financing tools. We aren’t trying to compete with you for your customer, but rather to enhance your services to them. Our lending programs have a variety of benefits to new and existing business owners and to lenders willing to look beyond their own available services. On occasion the coupling of the 504 programs to a lender’s products may make the difference in a competitive situation as well.
504 Loan Program
When your customer needs to expand but still preserve its working capital, call IBG.
As a certified development company, Iowa Business Growth administers the 504 Loan Program. This program will enable the lender to lower its loan risk, write more loans, offer a competitive edge in rates and terms and enhance its customer's financial condition. The program, furthermore, has extremely beneficial features for small businesses.
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SBA 7(a) Loan Packaging
When your customer needs working capital or refinancing, call IBG.
Iowa Business Growth packages SBA 7(a) loans for banks. These loand provide a significant guarantee to the bank which is especially helpful with new businesses or customers considered to be higher risks. Our fee-based service offers:
- Reduced lender paperwork
- SBA program expertise
- Enhanced bank services
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Wellmark Mezzanine Fund
When your customer needs more equity to complement other borrowing, call IBG.
Iowa Business Growth is your exclusive access to the Wellmark Small Business Loan Program. This new program provides a mezzanine-style loan to companies in need of additional equity.
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