Federal agency backs $3.2 million in loans for new, existing Linn County businesses


The U.S. Small Business Administration backed 43 loans totaling $16.7 million for Iowa businesses in September, the agency said Wednesday.

Among the recipients were three new and two existing businesses in Linn County, which received a total $3.2 million last month in loans.

The loans were issued by participating lenders using two of the SBA’s largest lending programs.

The recipients, and their approved loan amounts, include:

• Express America, a new general freight trucking business, in Cedar Rapids — $970,500

• C5 Holdings, an existing investigation services business, Cedar Rapids — $280,000

• Progressive Pain Solutions, LLC, new chiropractic offices, Cedar Rapids — $149,000

• McAfee Enterprises, an existing general purpose machinery manufacturer, Hiawatha — $1,700,400

• Stiles of Celebration, a new catering business, Marion — $100,000.

All together, the loans in Linn County will create 10 new jobs and help the businesses retain 44 more.

Comments: (319) 398-8366;

Give us feedback

We value your trust and work hard to provide fair, accurate coverage. If you have found an error or omission in our reporting, tell us here.

Or if you have a story idea we should look into? Tell us here.