Transmenu powered by JoomlArt.com - Mambo Joomla Professional Templates Club

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.

When would I pursue this program?

• When a company needs additional “equity”
• When additional “equity” will allow the applicant to qualify for more financing

Does it replace conventional financing?

• No, it replaces other sources of equity
• Conventional financing will accompany

How does it work?

• It is a loan with 7 year maturity
• No payments at all for the first 2 years
• Interest in year’s one and two added to loan balance
• Limited to 20% of proposed project
• Loan limits from $100,000 to $750,000

What are the benefits?

• Supports conventional financing
• Stronger balance sheet
• Greater stability for company
• Lowers immediate debt service

How do I apply?

• Contact IBG
• Use same information provided to lender

Who qualifies?

• Iowa-based company
• Result in employee retention of growth
• Sales of $1,000,000 or more (or at least 3-5 times requested loan)
• Proceeds for expansion, buy-outs/buy-ins, or recapitalization
• Pattern of sales growth