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Women-owned businesses

Posted on Monday, July 1, 2024 in SBA Loans

Iowa’s Women-Owned Businesses on the Rise

According to the U.S. Small Business Administration (SBA), over the last half-century, women have gone from owning 4.6 percent to 35.3 percent of all small businesses in Iowa. That’s a total of 91,168 women-owned small businesses in the state.

Iowa is one of the best places to open a small business. There are many strong networking opportunities to support small business owners, including chamber and economic development organizations. These opportunities have led to more women entrepreneurs in the state who are creating jobs, driving innovation, and strengthening our communities.

As many new business owners will attest, the journey from aspiring entrepreneur to becoming a full-fledged business owner is not without its challenges. Securing funding, hiring the right people, working with suppliers, and creating a business plan all take time and thoughtful preparation.   

Thankfully, SBA loans are helping to create more opportunities for women who are seeking to launch a new business, expand their existing business, or compete in the marketplace.

First National Bank is one of Iowa’s preferred sources for SBA loans. The bank’s trusted and experienced commercial lenders can help individuals compare different types of financing, interest rates, terms, and eligibility to find the right fit for your business.  

An SBA loan can be a source of capital that can help you stock your shelves, buy new equipment, or expand your footprint.

SBA loans also offer competitive terms and funding that can be used for a variety of business purposes. These government-guaranteed loans are good for businesses that don’t meet bank eligibility criteria, but still have good credit and strong finances.

Learn more about SBA loans available on our website and then contact a business lender to explore funding opportunities.

  1. commercial loan
  2. small business administration (sba) loan
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