Targeted Small Business

Iowa’s Targeted Small Business (TSB) program is designed to help women, individuals with minority status, service-connected disabled veterans and individuals with disabilities overcome some of the hurdles to start or grow a small business in Iowa. 

A business that qualifies as a Targeted Small Business is eligible for the following elements of the program:

Access to loans up to $50,000 to start or expand your business.

  • Loan funds can be used for business improvements and expenses, including (but not limited to) the purchase of equipment, furnishings, inventory and specific operating expenses.
  • Loan terms include favorable fixed interest rates, fixed monthly payments and no pre-payment penalties.

To learn more:

The Iowa Center for Economic Success 

Certification as a Targeted Small Business, which includes the following benefits.

  • Listing in the Certified TSB Online Directory – a recognized resource that is utilized by public and private sector buyers, and a distinction that adds value to a business
  • Business listings include all information buyers seek when looking for a certified TSB, such as a business description, TSB status and contact information so that buyers can more easily find a small business
  • Education and networking opportunities offered throughout the state, providing valuable information and connections to help grow a small business

To learn more:

TSB Certification Project Manager, Jill Lippincott

Participate in the state of Iowa’s procurement opportunities.

  • Sell goods and services to state agencies in a non-competitive manner for purchases up to $10,000
  • Receive 48-hour advance notice of state procurement opportunities to enable a “head start” on requests for quotes and competitive bids

To learn more:

DAS Central Procurement Manager