A micro loan is a small, short-term loan for businesses. Micro loans were developed to help small businesses grow, but they can also
help businesses looking to make minor changes to further their business goals.
Cedar Rapids developed the MICRO loan program, administered by ECICOG, to assist businesses in the Cedar Rapids city limits.
To get started with the program please contact Nancy Geiger or Yongan Wu at the Cedar Rapids Public Library at 319-261-READ, or contact Nancy by email at GeigerN@CRLibrary.org and Yongan at WuY@CRLibrary.org.
For more information on SCORE, visit eastcentraliowa.score.org.
ECICOG also administers a variety of other loan programs, and even has its own ECICOG Revolving Loan Fund. If you would like more information on other loan programs ECICOG offers, visit www.ecicog.org/revolving-loan-funds.