COVID-19 Business Assistance
The U.S. Small Business Administration (SBA) has issued a disaster declaration for the state of Iowa as of January 31, 2020 and continuing. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans.
Applications can be made via the SBA’s website: https://disasterloan.sba.gov/ela/. Applicants can monitor the status of their applications online after submission.
For questions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or email firstname.lastname@example.org.
Governor Reynolds recently announced the launch of a new Iowa Small Business Relief Program that will provide financial assistance to small businesses that have been economically impacted by the COVID-19 pandemic. The program offers eligible small businesses grants ranging from $5,000-$25,000. The deadline for applications is March 31 at 12:00 p.m. (noon).
Additionally, a fund has been created to support Targeted Small Businesses (TSB) with zero employees that have been economically impacted by the COVID-19 pandemic.
For a list of other currently available resources for small business owners in Des Moines, visit the Greater Des Moines Partnership's website and the Iowa Economic Development Authority.
The Greater Des Moines Partnership has also launched the DSM Employment Ready initiative to assist businesses in need of immediate temporary workers and employees who have been affected by circumstances related to the COVID-19 pandemic.