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Find similar grantsLow Interest Business Loans Available (Revolving Loan Fund) is sponsored by Area 15 Regional Planning Commission (U.S. Dept. of Commerce, Economic Development Administration). This program offers low-interest loans to new and expanding businesses, particularly in targeted industries including technology and advanced manufacturing, bioprocessing, renewable energy, and automation technology.
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BUSINESS ASSISTANCE PROGRAMS | area15rpc Regional Economic Development Investments, Inc. (REDI) REDI Inc. is an affiliate organization of the Area 15 RPC in that the RPC staff provides administrative oversight of the program. REDI Inc., a non-profit corporation formed in 1990, provides low-interest loan for business/industry retention, expansion and start-up activities.
REDI funds are available for fixed asset and/or working capital loans for activities that create new or retain existing jobs within the Region. Since the program's inception, $6. 8 million RLF dollars have been loaned and over $50 million in additional funds invested.
- Fizzix Manufacturing $210,500 REDI loan to retain 9 jobs and create 1 new job in Bloomfield -Seals Meat Locker $154,000 REDI loan to create 5 new jobs in Centerville - RMA Armament $270,000 to create 11 new full-time jobs in Centerville - Oskaloosa Manufacturing $250,000 REDI, $0 other/private, 3 new full-time jobs/7 retained manufacturing jobs in Oskaloosa - Kelderman Manufacturing $250,000 REDI, $280,000 other/private, 6 new full-time jobs/4 retained manufacturing jobs in Oskaloosa - CAMP365 $250,000 REDI, $250,000 other/private, 15 new full-time manufacturing jobs in Albia -REDI capitalizes a new Business Revolving Loan Fund called REDI CARES from a $1 million grant by the U.S. Department of Commerce Economic Development Administration (EDA) under the CARES Act - C&C Machining $250,000 REDI, $2,395,439 Other/private, 6 new full-time jobs/34 retained manufacturing jobs in Centerville - CAMP365 $150,000 REDI, $280,000 other/private, 10 new full-time manufacturing jobs in Albia Contact Area 15 Regional Planning Commission for more information.
REDI Inc. is also assisting local governments in the administration of their local revolving loan funds. Local RLF assistance can be coupled with REDI loans for a complete business/industry financial package. As local RLF funds are repaid by business/industry, the proceeds are returned to the local fund to recapitalize it for future loans.
SCORE is a nonprofit association dedicated to helping small businesses get off the ground and grow and achieve their goals through education and mentorship. SCORE provides free v olunteer mentoring, free business tools, templates and tips, as well as inexpensive or free local business workshops and webinars. More information about the South Central SCORE chapter can be found at their website .
According to the current listing, eligibility includes: New and expanding businesses, particularly in targeted industries including technology and advanced manufacturing, bioprocessing, renewable energy, and automation technology. Confirm the full requirements in the official notice before applying.
The current listing shows up to $250,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Low Interest Business Loans Available (Revolving Loan Fund) is funded by Area 15 Regional Planning Commission (U.S. Dept. of Commerce, Economic Development Administration). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
On July 20, 2026, the EDA announced it intends to invest $169 million across six Regional Technology and Innovation Hubs — quantum, nuclear, critical minerals, biosecure manufacturing, pharmaceuticals, and forest bioproducts — after the Trump administration rescinded the Biden-era Phase 2 awards and reran the competition. Only two of the original winners survived. Here is the full breakdown of the six hubs, why four prior awardees were dropped, and what the re-award teaches regional coalitions about competing for the next round.
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Read articlePublic Humanities Projects opens October 15, 2026 and closes December 9, with planning grants to $75,000 and implementation grants to $750,000. The program has been narrowed to two formats and four mandated themes, and the award notification does not arrive until July 30, 2027. Here is how to read the constraint and whether to spend the fall on it.
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