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Targeted Small Business

Assisting minorities in starting or growing a business

The 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 qualified TSB is eligible for:

  • Loans up to $50,000 to start or expand
    • Loans administered through the Iowa Center for Economic Success
    • Loan terms include favorable fixed interest rates, fixed monthly payments and no pre-payment penalties
    • Loan funds for business improvements and expenses, including (but not limited to) the purchase of equipment, furnishings, inventory and specific operating expenses
  • Special benefits for state of Iowa 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 on requests for quotes and competitive bids
  • A listing in the Certified TSB Online Directory – a recognized resource utilized by public and private sector buyers and a distinction that adds value to a business
    • Includes business description, TSB status and contact information buyers need
  • Education and networking opportunities offered throughout the state


  • Must be majority owned by women, individuals with minority status, service-connected disabled veterans and individuals with disabilities

How to Apply:

  • Review the TSB Program application instructions
  • Submit completed application and required documentation to IEDA
Program Contact(s)

Iowa Center for Economic Success

DAS Central Procurement Manager, Karl Wendt

TSB Certification, Jill Lippincott



Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.348.6200
email: Email Us

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