The City of Iowa City recently made changes to its Economic Development CDBG programs in order to focus on small businesses – businesses with fewer than four employees. The City can provide those eligible up to $15,000 in assistance, consisting of a matching loan up to $10,000 with 0% interest, and a grant up to $5,000 for technical assistance for items such as website development, payroll services and/or accounting and tax services.
The loan amount can be matched by a line of credit, commercial loan, your own funds, or matching funds from another grant or loan source.
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