Step 1
Contact local Main Street
Director for eligibility
Step 2
Contact local Financial
Institution
Step 3
Fill out the MSD Application
Step 4
Contact MSD Representative
Step 5
Loan Consideration
Step 6
Upon approval, proceed to
loan closing
Step 7
Set up Technical Assistance Plan
MAIN STREET DEVELOPMENT LOAN APPLICATION
Download and complete the Main Street Development Credit Application and Financial Documents.CONFUSED BY LOAN TERMINOLOGY?
Download the loan application in MS Word format
Download the financial worksheet in MS Excel format
Once complete, email the completed Main Street Development Application file to: cdowns@iowamicroloan.org.
Then, mail a copy of signed Main Street Development application and attachments to:
Main Street Development
Craig Downs – Loan Administrator
P.O. Box 793
Boone, IA 50036
REVIEW & DECISION PROCESS
IowaMicroLoan has been contracted by Preservation Iowa to assist with the credit review process, to create loan documents, and to provide loan administration. IowaMicroLoan will make final decisions regarding approval or disapproval of all loan applications. The approved loans will be made using electronic funds transfer and loan payments will be made by the applicant business using electronic funds transfer.
CONFUSED BY LOAN TERMINOLOGY?
Download our definitions guide