Iowa Small Businesses: Five Fast Facts

April 1, 2024

Delaney Sexton
Contributing Editor

Iowa Small Businesses: Five Fast Facts

Small businesses accounted for 9,177 business openings.
New lending to businesses through loans of $1 million or less was $2.7 billion in 2021.
Banks issued $935.5 million in loans to Iowa businesses with revenues of $1 million or less.
Almost 639,000 Iowa individuals were employed by small businesses.
Small businesses contributed a net increase of 26,905 jobs.