The US Small Business Administration supported 14 loans to businesses in central Iowa totaling $7,062,400 in July.

The loans will help these small businesses create 63 new jobs and retain 146 local jobs, according to data released by the SBA and compiled for central Iowa businesses by the Business Record.

The largest dollar loans in central Iowa included:

  • Iowa Spring Manufacturing & Sales Inc., for an existing spring manufacturing business in Adel, $3,137,000.
  • True Pitch, for a new sporting and athletics manufacturing business in Altoona, $940,000.
  • Wolf Construction Services Inc., for an existing commercial and institutional building construction company in West Des Moines, $742,000.

Statewide in July, the SBA supported 35 loans for $25,508,800 to Iowa businesses from participating lenders using its two largest lending programs.

The SBA 7(a) and 504 programs have capitalized 23 new businesses and 12 existing businesses that report creating 89 new jobs and retaining 338 jobs as a result.

See the full list of Central Iowa SBA loans (Insider).