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Iowa Small Business Relief Fund

Grants to Iowa Small Businesses That
Are Economically Affected by COVID-19

Agency Type:

State

Funding Source:

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Iowa Economic Development Authority (IEDA)

Conf. Date:

03/26/20

Deadline Date:

03/31/20 12:00 PM Noon

Description:

Request a Grant Writer

Grants of up to $25,000 to Iowa small businesses that are economically affected by COVID-19/Coronavirus. Funding is intended to offer assistance to small businesses that are financially impacted by the pandemic. Grants can be used to assist eligible businesses in maintaining operations or reopening business following the health crisis. The grants will offer businesses immediate, short-term cash flow assistance for approximately the next 30 days. The goal of the program is to assist eligible businesses in maintaining operations or reopening business, and to limit the economic impact for as many Iowa small business employees as possible.

GrantWatch ID#:

GrantWatch ID#: 188647

Estimated Size of Grant:

The program offers grants ranging from $5,000-$25,000.

Additional Eligibility Criteria:

Eligibility:
- Be experiencing business disruption due to COVID-19 pandemic; and
- Must have employed between 2-25 people prior to March 17, 2020; and
- Must have a physical location in Iowa

Full and part-time employees must be greater than 2 but must not exceed 25. Sole proprietors are eligible applicants but must have at least two employees. This can include one owner and one part or full time employee.

Funds may not be used to pay debts incurred prior to March 17, 2020.

Pre-proposal Conference:

The SBA's Iowa office is holding webinars to provide an overview of the assistance available to Iowa small businesses:

Thursday, March 26, 2020, 2:30 - 4:00 p.m.
Join at https://meet.lync.com/sba123/tdlentel/FKK1FR1Y

There will be a visual presentation, but you can join by audio only at (202) 765-1264 using ID# 480330157#

Pre-Application Information:

The program is NOT first-come, first-served. All applications received by the deadline, March 31 at 12:00 p.m. (noon), will be reviewed for consideration.

Notification of award decisions and disbursement of grant funds will be made in early April and disbursements shortly thereafter.

Additional information: https://www.iowaeconomicdevelopment.com/reliefgrants

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply online: https://iowa01.na2.documents.adobe.com/public/esignWidget?wid=CBFCIBAA3AAABLblqZhBLjpRJZ5W-Lwpjta-Xas7qYNmA1gffEsZJ9ys3xlyfcXQueX2xWpFZfbGn6GKdG70*

Iowa Economic Development Authority
1963 Bell Avenue
Des Moines, IA 50315
businessrecovery@iowaeda.com

URL for Full Text (RFP):

Geographic Focus:

USA: Iowa

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