The City of Des Moines has reinstated its small business loan program, giving local entrepreneurs renewed access to financial support aimed at strengthening neighborhood commerce. After a limited initial run last year, city officials confirmed that the initiative is now available on a rolling basis, allowing eligible business owners to apply at any time rather than within a fixed funding window.
The decision to reopen the program reflects the city’s commitment to sustaining long-term economic resilience. Officials said many small firms continue to face challenges, including higher operating costs, increased borrowing expenses, and lingering instability from the past few years. By bringing back the loan option, the city hopes to offer flexible assistance to entrepreneurs who may not qualify for traditional credit or who need short-term financing to cover essential costs.
Last year’s pilot program generated strong interest. According to city staff, dozens of business owners applied within the first opening period, and demand for further support remained steady even after the application window closed. Many applicants used their loans to expand inventory, update aging equipment, hire workers, or stabilize cash flow during slow periods. The city noted that these early outcomes helped demonstrate the value of a local lending tool that is designed for small and emerging firms…