The Targeted Small Business (TSB) Program of Iowa is designed to help women, minorities and the disabled overcome some of the major hurdles to starting or growing a small business in Iowa. The TSB program makes microloans available to qualified Iowa small business owners.
To become certified, a business must:
- be located in Iowa
- operate for a profit
- have less than $4 million in annual gross income, computed as an average of the preceding three fiscal years.
- be majority-owned (51 percent or more), operated and managed by a female, minority group member, service-disabled veteran or a person with a disability.
The Iowa Department of Inspections and Appeals (DIA) handles the certification. For more information on how to get a business TSB-certified, visit https://dia.iowa.gov/tsb/.
The loan program is managed by the Iowa Center for Economic Success.
To learn more: