The US Small Business Administration supported 15 loans to businesses in central Iowa totaling $8,374,100 in September.

The loans will help these small businesses create 66 new jobs and retain 115 local jobs, according to data released by the SBA and compiled for businesses in central Iowa by the Business Record.

The largest dollar loans in central Iowa included:

  • Garrels Business Enterprises LLC, Urbandale, for an existing full-service restaurant, $1,677,000.
  • Faller, Kincheloe & Co. PLC, Des Moines, for a new chartered accountancy office, $1,620,500.
  • MKZ Properties LLC, for a new business in Indianola (lessors of other real estate), $1,418,000.
  • First Midwest LLC, Urbandale, for a new child care business, $1,389,000.



Statewide, the SBA supported 35 loans for $21,226,900 to Iowa businesses from participating lenders using its two largest lending programs. The 7(a) and 504 programs have capitalized 20 new businesses and 15 existing businesses that report creating 135 new jobs and retaining 176 jobs as a result.



See the full list of Central Iowa SBA loans (Insider).